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S. 540 116th Congress Senate

Self-Employed Mortgage Access Act of 2019

Official title: A bill to provide minimum standards for transactions secured by a dwelling, and for other purposes.

Introduced: February 25, 2019 Introduced by: Mark R. Warner Democratic · Virginia See on congress.gov
Finance and Financial Sector Administrative law and regulatory proceduresConsumer Financial Protection BureauConsumer creditHousing finance and home ownership
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This bill died when the 116th Congress ended
It never became law before the 116th Congress (2019–2020) 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 25, 2019
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Feb 25, 2019
Introduced in Senate
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 Latest action February 25, 2019

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

Self-Employed Mortgage Access Act of 2019

This bill allows creditors to use certain alternative standards when evaluating an applicant's ability to pay for purposes of obtaining a home mortgage.

 Related & companion bills 1
  • HR 2445 Identical bill Self-Employed Mortgage Access Act of 2019
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
D
Booker, Cory A.
New Jersey · Feb 25, 2019
 R
Rounds, Mike
South Dakota · Feb 25, 2019
Cite this page click to expand
APA
U.S. Congress. (2026). S. 540: Self-Employed Mortgage Access Act of 2019. 116th Congress. Open America. https://openamerica.io/bill/116-S-540/
MLA
"S. 540: Self-Employed Mortgage Access Act of 2019." 116th Congress, 2026, Open America, https://openamerica.io/bill/116-S-540/.
Bluebook (legal)
S. 540, 116th Cong. (2026), https://openamerica.io/bill/116-S-540/.
Markdown link
[S. 540: Self-Employed Mortgage Access Act of 2019](https://openamerica.io/bill/116-S-540/)
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