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United States · Bill · HR

H.R. 6794 (116th)

Promoting Access to Credit for Homebuyers Act of 2020

referredUnited States· United States Congress· EN

Introduced

8 May 2020

Last action

8 May 2020 · Introduced

Status

Referred to the House Committee on Financial Services.

Sponsors

Rep. Vargas, Juan [D-CA-52], Rep. Waters, Maxine [D-CA-43], Del. Norton, Eleanor Holmes [D-DC-At Large], Rep. Hayes, Jahana [D-CT-5], Rep. Perlmutter, Ed [D-CO-7], Rep. Foster, Bill [D-IL-11], Rep. Rouda, Harley [D-CA-48], Rep. Himes, James A. [D-CT-4], Rep. Casten, Sean [D-IL-6], Rep. Dean, Madeleine [D-PA-4], Rep. Meeks, Gregory W. [D-NY-5], Rep. Aguilar, Pete [D-CA-33], Rep. Green, Al [D-TX-9], Rep. Velázquez, Nydia M. [D-NY-7], Sen. Blunt Rochester, Lisa [D-DE], Rep. Cleaver, Emanuel [D-MO-5], Rep. Peters, Scott H. [D-CA-50], Sen. Gallego, Ruben [D-AZ], Rep. Barragán, Nanette Diaz [D-CA-44], Rep. Lee, Barbara [D-CA-12], Rep. Lowenthal, Alan S. [D-CA-47], Rep. Khanna, Ro [D-CA-17], Rep. Tlaib, Rashida [D-MI-12], Rep. Evans, Dwight [D-PA-3]

Subjects

Housing

Source updated

7 April 2025

Housing

Official sourceDownload fileView documentsShare

Summary

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.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 8 May 2020

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 8 May 2020

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 8 May 2020

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 8 May 2020

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  • Introduced in House (PDF)

    Introduced in House · EN · 8 May 2020

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 8 May 2020

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Sponsors

Related records

Sources

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