S. 1368 (117th)

American Housing and Economic Mobility Act of 2021

openUnited States· United States Congress· EN

Introduced

26 April 2021

Last action

9 February 2022 · Committee

Status

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

Summary

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.

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

Timeline

26 April 2021
Introduced
Read twice and referred to the Committee on Finance.
Source: IntroReferral
26 April 2021
Introduced
Introduced in Senate
Source: IntroReferral
9 February 2022
Committee
Committee on Banking, Housing, and Urban Affairs Subcommittee on Financial Institutions and Consumer Protection. Hearings held. With printed Hearing: S.Hrg. 117-370.
Source: Committee

Votes

No vote records are attached yet.

Versions

Introduced in Senate · 26 April 2021 · Download file

Documents

3 official files

Introduced in Senate (text)

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Introduced in Senate (text)
Introduced in Senate · EN · 26 April 2021
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Introduced in Senate (PDF)
Introduced in Senate · EN · 26 April 2021
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Introduced in Senate
summary · EN · 26 April 2021
Open at official source
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Vertaal naar
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Related records

related to → American Housing and Economic Mobility Act of 2021

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.

Official source: https://www.congress.gov/bill/117th-congress/senate-bill/1368
Open data entity: https://api.congress.gov/v3/bill/117/s/1368
us · 117-s-1368 · source updated 27 May 2026