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S. 3503 115th Congress Senate

American Housing and Economic Mobility Act of 2018

Official title: A bill to make housing more affordable, and for other purposes.

Introduced: September 26, 2018 Introduced by: Elizabeth Warren Democratic · Massachusetts See on congress.gov
Housing and Community Development Agricultural prices, subsidies, creditAppropriationsBanking and financial institutions regulationBuilding construction
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Consumer creditEducational facilities and institutionsElementary and secondary educationEnergy efficiency and conservationFinancial crises and stabilizationGovernment information and archivesGovernment lending and loan guaranteesHigher educationHousing and community development fundingHousing discriminationHousing finance and home ownershipHousing supply and affordabilityIndian social and development programsLabor standardsLand use and conservationLow- and moderate-income housingPublic contracts and procurementPublic housingRegional and metropolitan planningResidential rehabilitation and home repairRural conditions and developmentSex, gender, sexual orientation discriminationSmall businessTransfer and inheritance taxesWages and earnings
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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
Sep 26, 2018
Read twice and referred to the Committee on Finance.
Sep 26, 2018
Introduced in Senate
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 Latest action September 26, 2018

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

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.

 Related & companion bills 1
  • HR 7262 Identical bill American Housing and Economic Mobility Act of 2018
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). S. 3503: American Housing and Economic Mobility Act of 2018. 115th Congress. Open America. https://openamerica.io/bill/115-S-3503/
MLA
"S. 3503: American Housing and Economic Mobility Act of 2018." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-S-3503/.
Bluebook (legal)
S. 3503, 115th Cong. (2026), https://openamerica.io/bill/115-S-3503/.
Markdown link
[S. 3503: American Housing and Economic Mobility Act of 2018](https://openamerica.io/bill/115-S-3503/)
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