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To provide for mortgage forbearance during the COVID-19 emergency, and for other purposes.

2/9/2022, 2:11 AM

Congressional Summary of HR 6340

This bill provides for mortgage forbearance for single family and multifamily mortgages during the COVID-19 (i.e., coronavirus disease 2019) emergency. Borrowers receiving a forbearance must provide rent relief for any tenants during this period. The bill also generally prohibits repossessions of vehicles and manufactured homes and foreclosures during the emergency.

The Federal Reserve Board and the Department of the Treasury must establish a credit program for mortgage servicers affected by the COVID-19 emergency.

Read the Full Bill

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Current Status of Bill HR 6340

Bill HR 6340 is currently in the status of Bill Introduced since March 23, 2020. Bill HR 6340 was introduced during Congress 116 and was introduced to the House on March 23, 2020.  Bill HR 6340's most recent activity was Referred to the House Committee on Financial Services. as of March 23, 2020

Bipartisan Support of Bill HR 6340

Total Number of Sponsors
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
1
Democrat Cosponsors
1
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 6340

Primary Policy Focus

Housing and Community Development

Potential Impact Areas

- Agricultural prices, subsidies, credit
- Cardiovascular and respiratory health
- Civil actions and liability
- Debt collection
- Disaster relief and insurance
- Emergency medical services and trauma care
- Federal Reserve System
- Finance and Financial Sector
- Foreign language and bilingual programs
- Government lending and loan guarantees
- Housing finance and home ownership
- Infectious and parasitic diseases
- Landlord and tenant
- Motor vehicles

Alternate Title(s) of Bill HR 6340

To provide for mortgage forbearance during the COVID-19 emergency, and for other purposes.
To provide for mortgage forbearance during the COVID-19 emergency, and for other purposes.

Comments

Sponsors and Cosponsors of HR 6340

Wm. Lacy Clay
Wm. Lacy Clay
MissouriDemocrat
Maxine Waters
Maxine Waters
CaliforniaDemocrat

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