[Congressional Bills 117th Congress]
[From the U.S. Government Publishing Office]
[H.R. 7563 Introduced in House (IH)]

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117th CONGRESS
  2d Session
                                H. R. 7563

 To direct the Secretary of Defense to seek to enter into an agreement 
 with an entity to conduct a study and produce a report on barriers to 
            home ownership for members of the Armed Forces.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 21, 2022

Ms. Strickland introduced the following bill; which was referred to the 
                      Committee on Armed Services

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                                 A BILL


 
 To direct the Secretary of Defense to seek to enter into an agreement 
 with an entity to conduct a study and produce a report on barriers to 
            home ownership for members of the Armed Forces.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Increasing Homeownership for 
Servicemembers Act''.

SEC. 2. STUDY AND REPORT ON BARRIERS TO HOME OWNERSHIP FOR MEMBERS OF 
              THE ARMED FORCES.

    Not later than one year after the date of the enactment of this 
Act, the Secretary of Defense shall seek to enter into an agreement 
with a federally funded research and development center or non-profit 
entity to conduct a study on the barriers to home ownership for members 
of the Armed Forces. At the conclusion of such study, the Secretary 
shall submit to the Committees on Armed Services of the Senate and 
House of Representatives, a report containing the following elements:
            (1) Potential barriers to home ownership, including down 
        payments, concerns about home maintenance, and challenges in 
        selling a home.
            (2) The percentage of members who use the basic allowance 
        for housing to pay for a mortgage, disaggregated by Armed 
        Force, rank, and military housing area.
            (3) Any identified differences in home ownership rates 
        among members correlated with race or gender.
            (4) What percentage of members own a home before they 
        separate from the Armed Forces.
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