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HR 3861 117th Congress House Finance and Financial Sector

Making FHA Work for Borrowers with Student Debt Act of 2021

Introduced: June 14, 2021 Introduced by: Meeks, Gregory W. Democratic · New York See on congress.gov
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Jun 14, 2021
Introduced in House
Jun 14, 2021
Referred to the House Committee on Financial Services.
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 Plain-English summary Congressional Research Service

Making FHA Work for Borrowers with Student Debt Act of 2021

This bill requires the Federal Housing Administration (FHA) to modify its treatment of student loan debt for purposes of determining eligibility for federally insured mortgages for single-family homes. Specifically, the FHA must calculate a borrower's student loan debt obligation as the monthly payment required in connection with the loan or, if no monthly payment is required, 0.5% of the outstanding balance of the loan. Currently, the FHA calculates a borrower's student loan debt obligation as 1% of the outstanding balance of the loan.

What's happening now June 14, 2021

Referred to the House Committee on Financial Services.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Williams, Nikema
Georgia · Jun 14, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3861: Making FHA Work for Borrowers with Student Debt Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-HR-3861/
MLA
"H.R. 3861: Making FHA Work for Borrowers with Student Debt Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-HR-3861/.
Bluebook (legal)
H.R. 3861, 117th Cong. (2026), https://openamerica.io/bill/117-HR-3861/.
Markdown link
[H.R. 3861: Making FHA Work for Borrowers with Student Debt Act of 2021](https://openamerica.io/bill/117-HR-3861/)
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