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S 3503 115th Congress Senate 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

Community Reinvestment Reform Act of 2018

Introduced: September 26, 2018 Introduced by: Warren, Elizabeth Democratic · Massachusetts 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
Sep 26, 2018
Read twice and referred to the Committee on Finance.
Sep 26, 2018
Introduced in Senate
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 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.

What's happening now September 26, 2018

Read twice and referred to the Committee on Finance.

 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
Cite this page click to expand
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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