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Improving FHA Support for Small Dollar Mortgages Act of 2020

2/9/2022, 3:26 AM

Congressional Summary of HR 5931

Improving FHA Support for Small Dollar Mortgages Act of 2020

This bill directs the Department of Housing and Urban Development (HUD) to report on barriers to making Federal Housing Administration (FHA) single-family mortgage insurance available for mortgages under $70,000. Specifically, HUD must report on policies, practices, and products used by the FHA and actions that will be taken to remove such barriers.

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Current Status of Bill HR 5931

Bill HR 5931 is currently in the status of Bill Introduced since February 21, 2020. Bill HR 5931 was introduced during Congress 116 and was introduced to the House on February 21, 2020.  Bill HR 5931's most recent activity was Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. as of March 3, 2020

Bipartisan Support of Bill HR 5931

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
5
Democrat Cosponsors
3
Republican Cosponsors
2
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5931

Primary Policy Focus

Housing and Community Development

Potential Impact Areas

- Congressional oversight
- Government studies and investigations
- Housing finance and home ownership
- Housing supply and affordability

Alternate Title(s) of Bill HR 5931

Improving FHA Support for Small Dollar Mortgages Act of 2020
Improving FHA Support for Small Dollar Mortgages Act of 2020
To require a review of the effects of FHA mortgage insurance policies, practices, and products on small-dollar mortgage lending, and for other purposes.
Improving FHA Support for Small Dollar Mortgages Act of 2020
Improving FHA Support for Small Dollar Mortgages Act of 2020

Comments

Sponsors and Cosponsors of HR 5931

Wm. Lacy Clay
Wm. Lacy Clay
MissouriDemocrat
Rashida Tlaib
Rashida Tlaib
MichiganDemocrat
Brian K. Fitzpatrick
Brian K. Fitzpatrick
PennsylvaniaRepublican
Emanuel Cleaver
Emanuel Cleaver
MissouriDemocrat
Cynthia Axne
Cynthia Axne
IowaDemocrat

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