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S 1368 117th Congress Senate Housing and Community Development Administrative law and regulatory procedures Alaska Natives and Hawaiians Alternative dispute resolution, mediation, arbitration Banking and financial institutions regulation Building construction Business records Consumer credit Department of Housing and Urban Development Educational facilities and institutions Elementary and secondary education Energy efficiency and conservation Government information and archives Government lending and loan guarantees Government trust funds Higher education Housing and community development funding Housing discrimination Housing finance and home ownership Housing for the elderly and disabled

Community Reinvestment Reform Act of 2021

Introduced: April 26, 2021 Introduced by: Warren, Elizabeth Democratic · Massachusetts 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 9, 2022
Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection. Hearings held. With printed Hearing: S.Hrg. 117-370.
Apr 26, 2021
Introduced in Senate
Apr 26, 2021
Read twice and referred to the Committee on Finance.
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 Plain-English summary Congressional Research Service

American Housing and Economic Mobility Act of 2021

This bill addresses housing affordability and availability, makes certain changes to the estate and gift taxes, and contains other related provisions.

The Department of Housing and Urban Development shall provide grants to (1) state and local governments that remove unnecessary barriers to building affordable units, (2) states to assist borrowers who have negative equity in their homes, (3) state housing finance agencies to construct or acquire affordable rental housing and prevent tenant displacement and harassment, and (4) eligible individuals (generally, lower income individuals who resided in low-income or historically racially segregated areas) to help them purchase their first homes.

The bill provides funding through FY2031 for the first-time homeowner grant program established by the bill, through FY2022 for the affordable rental housing construction program established by the bill, and through FY2022 for specified existing rural housing programs.

The bill also expands fair housing protections to prohibit discrimination based on sexual orientation, gender identity, marital status, source of income, veteran status, or an individual's perceived membership in a protected class (e.g., an individual's perceived race or sex).

Additionally, the bill modifies the estate tax in various ways, including by reducing the number of brackets to three, increasing the tax rates, and reducing the basic exemption amount. The bill also modifies provisions related to gift taxes and transfer taxes.

What's happening now February 9, 2022

Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection. Hearings held. With printed Hearing: S.Hrg. 117-370.

 Related & companion bills 1
  • HR 2768 Identical bill American Housing and Economic Mobility Act of 2021
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Lobbying activity 1

Registered lobbyists who named this bill in their disclosure filings. Source: federal Lobbying Disclosure Act filings.

  • NANCY ZIRKIN
    for CENTER FOR RESPONSIBLE LENDING · District of Columbia · 1st Quarter (Jan 1 - Mar 31) 2025
 Cosponsors 6
All 6 Democratic 5 Independent 1
D
Padilla, Alex
California · Jun 17, 2021
 D
Gillibrand, Kirsten E.
New York · Apr 26, 2021
 D
Hirono, Mazie K.
Hawaii · Apr 26, 2021
 D
Markey, Edward J.
Massachusetts · Apr 26, 2021
 D
Merkley, Jeff
Oregon · Apr 26, 2021
 I
Sanders, Bernard
Vermont · Apr 26, 2021
Cite this page click to expand
APA
U.S. Congress. (2026). S. 1368: American Housing and Economic Mobility Act of 2021. 117th Congress. Open America. https://openamerica.io/bill/117-S-1368/
MLA
"S. 1368: American Housing and Economic Mobility Act of 2021." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-1368/.
Bluebook (legal)
S. 1368, 117th Cong. (2026), https://openamerica.io/bill/117-S-1368/.
Markdown link
[S. 1368: American Housing and Economic Mobility Act of 2021](https://openamerica.io/bill/117-S-1368/)
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