H.R. 6794 · 116th Congress
Promoting Access to Credit for Homebuyers Act of 2020
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Never voted on. It didn't reach a floor vote before the 116th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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VargasSponsor23 cosponsors · 23 D
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Waters
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Norton
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Foster
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Hayes
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Perlmutter
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Rouda
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Aguilar
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Blunt Rochester
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Cleaver
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Casten
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Dean
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Green
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Himes
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Meeks
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Velázquez
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Barragán
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Gallego
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Peters
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Lee
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Lowenthal
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Khanna
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Tlaib
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Evans1 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
This bill requires Freddie Mac, Fannie Mae, and the Department of Housing and Urban Development to purchase or insure single-family mortgages originated on or after February 1, 2020, on the same terms as they otherwise would despite a borrower entering into, or inquiring about, forbearance due to a COVID-19 (i.e., coronavirus disease 2019) related hardship.
What it does: CRS summary · Introduced in House · May 8, 2020
Promoting Access to Credit for Homebuyers Act of 2020
This bill requires Freddie Mac, Fannie Mae, and the Department of Housing and Urban Development to purchase or insure single-family mortgages originated on or after February 1, 2020, on the same terms as they otherwise would despite a borrower entering into, or inquiring about, forbearance due to a COVID-19 (i.e., coronavirus disease 2019) related hardship. This requirement begins 5 days after enactment of this bill and ends 60 days after the end of the period of time a borrower may request a COVID-19 related forbearance.
The Federal Housing Finance Agency may not increase fees or otherwise restrict access to credit during the COVID-19 emergency without congressional notice.
The Government Accountability Office must report on COVID-19-related assistance to consumers by Freddie Mac, Fannie Mae, and the Federal Housing Administration mortgage insurance programs.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Promoting Access to Credit for Homebuyers Act of 2020
Latest action (May 8, 2020): Referred to the House Committee on Financial Services.
Policy area: Housing and Community Development · Origin: House · Introduced: May 8, 2020
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.