House Bill 8480 - American Homeowner Crypto Modernization Act of 2024

Purpose and Summary

Chamber: House

Introduced date: 2024-05-21

Recent Activity

Referred to the Subcommittee on Economic Opportunity.

Alternative Names

American Homeowner Crypto Modernization Act of 2024

American Homeowner Crypto Modernization Act of 2024

To require agencies to update mortgage underwriting programs, guidelines, standards, and systems to require lenders to consider, in the mortgage credit evaluation process, any amounts a borrower has in any brokerage account associated with a cryptocurrency exchange.

Associated Legislation

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Policy Areas

Finance and Financial Sector

Potential Impact

Sponsors and Supporters

Rep. Mace, Nancy [R-SC-1]

Cosponsors and Supporters

Rep. Khanna, Ro [D-CA-17]

Committees and Subcommittees

Veterans' Affairs Committee

Economic Opportunity Subcommittee

Financial Services Committee

Variations and Revisions

American Homeowner Crypto Modernization Act of 2024

7/23/2024, 8:05 AM
Referred to the Subcommittee on Economic Opportunity.
Congress
118
Number
HR - 8480
Introduced on
2024-05-21
# Amendments
0
Sponsors
+5
Cosponsors
+5

Variations and Revisions

5/21/2024
Text
PDF
XML

Status of Legislation

Bill Introduced
Introduced to House
House to Vote
Introduced to Senate
Senate to Vote

Purpose and Summary

Referred to the Subcommittee on Economic Opportunity.
Alternative Names
Official Title as IntroducedTo require agencies to update mortgage underwriting programs, guidelines, standards, and systems to require lenders to consider, in the mortgage credit evaluation process, any amounts a borrower has in any brokerage account associated with a cryptocurrency exchange.
Policy Areas
Finance and Financial Sector

Comments

Recent Activity

Latest Action7/17/2024
Referred to the Subcommittee on Economic Opportunity.