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HR 851 115th Congress House Housing and Community Development Financial literacy Housing finance and home ownership Life, casualty, property insurance

Housing Financial Literacy Act of 2017

Introduced: February 3, 2017 Introduced by: Beatty, Joyce Democratic · Ohio See on congress.gov
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 3, 2017
Referred to the House Committee on Financial Services.
Feb 3, 2017
Introduced in House
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 Plain-English summary Congressional Research Service

Housing Financial Literacy Act of 2017

This bill amends the National Housing Act to modify the discount given by the Federal Housing Administration (FHA) on single-family mortgage-insurance premium payments for first-time homebuyers who complete a financial-management counseling program. Under current law, the maximum premium amount for such homebuyers is 2.75% of the original insured principal obligation of the mortgage (compared to 3% for other homebuyers). The bill instead requires that the maximum premium amount for such homebuyers be 25 basis points (0.25% of the original insured principal obligation of mortgage) lower than the amount otherwise established by the FHA.

What's happening now February 3, 2017

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 11
All 11 Democratic 11
D
Cleaver, Emanuel
Missouri · May 19, 2017
 D
Thompson, Bennie G.
Mississippi · May 17, 2017
 D
Johnson, Henry C. "Hank"
Georgia · May 11, 2017
 D
Bishop, Sanford D.
Georgia · May 4, 2017
 D
Clarke, Yvette D.
New York · May 4, 2017
 D
Kelly, Robin L.
Illinois · May 4, 2017
 D
Veasey, Marc A.
Texas · May 4, 2017
 D
Watson Coleman, Bonnie
New Jersey · May 4, 2017
 D
Gonzalez, Vicente
Texas · Apr 25, 2017
 D
Kaptur, Marcy
Ohio · Feb 15, 2017
 D
Meeks, Gregory W.
New York · Feb 3, 2017
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 851: Housing Financial Literacy Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-851/
MLA
"H.R. 851: Housing Financial Literacy Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-851/.
Bluebook (legal)
H.R. 851, 115th Cong. (2026), https://openamerica.io/bill/115-HR-851/.
Markdown link
[H.R. 851: Housing Financial Literacy Act of 2017](https://openamerica.io/bill/115-HR-851/)
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