HR 7262
115th Congress
House
Housing and Community Development
Agricultural prices, subsidies, credit
Appropriations
Banking and financial institutions regulation
Building construction
Consumer credit
Educational facilities and institutions
Elementary and secondary education
Energy efficiency and conservation
Financial crises and stabilization
Government information and archives
Government lending and loan guarantees
Higher education
Housing and community development funding
Housing discrimination
Housing finance and home ownership
Housing supply and affordability
Indian social and development programs
Labor standards
Land use and conservation
American Housing and Economic Mobility Act of 2018
Introduced: December 11, 2018
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Dec 13, 2018
Referred to the Subcommittee on Highways and Transit.
Dec 13, 2018
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Dec 11, 2018
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Judiciary, Transportation and Infrastructure, and Education and the Workforce, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Dec 11, 2018
Introduced in House
Plain-English summary
American Housing and Economic Mobility Act of 2018
This bill addresses housing affordability and access by
- establishing a Local Housing Innovation grant program to support efforts to remove barriers to affordable housing;
- reauthorizing and increasing funding for various specified housing programs;
- establishing a Middle Class Housing Emergency Fund to support the construction of affordable rental-housing units;
- establishing a down-payment assistance program;
- establishing a formula grant program to assist borrowers who have negative equity in their homes;
- expanding the applicability, and increasing the penalties for violations, of certain requirements for financial institutions to help meet the credit needs of lower-income communities;
- expanding certain protections under the Fair Housing Act; and
- otherwise revising provisions related to housing assistance.
The bill also lowers estate-tax thresholds, establishes new tax rates above those thresholds, and otherwise modifies provisions related to transfer taxes.
What's happening now
Referred to the Subcommittee on Highways and Transit.
Cosponsors
1