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Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act

USA116th CongressHR-123| House 
| Updated: 12/17/2020
Al Green

Al Green

Democratic Representative

Texas

Cosponsors (2)
Emanuel Cleaver (Democratic)Brad Sherman (Democratic)

Financial Services Committee

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act This bill establishes a pilot program for an additional credit rating system for use by mortgage lenders. Specifically, the program utilizes one or more commercially available credit scoring models that apply additional credit information about borrowers who have insufficient credit histories for purposes of determining their creditworthiness for mortgages insured by the Federal Housing Administration.

Bill Text Versions

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2 versions available

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Timeline
Jan 3, 2019
Introduced in House
Jan 3, 2019
Referred to the House Committee on Financial Services.
Sep 18, 2019
Committee Consideration and Mark-up Session Held.
Sep 19, 2019
Committee Consideration and Mark-up Session Held.
Sep 20, 2019
Committee Consideration and Mark-up Session Held.
Sep 20, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 22.
Dec 17, 2020
Placed on the Union Calendar, Calendar No. 547.
Dec 17, 2020
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-663.
  • January 3, 2019
    Introduced in House


  • January 3, 2019
    Referred to the House Committee on Financial Services.


  • September 18, 2019
    Committee Consideration and Mark-up Session Held.


  • September 19, 2019
    Committee Consideration and Mark-up Session Held.


  • September 20, 2019
    Committee Consideration and Mark-up Session Held.


  • September 20, 2019
    Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 22.


  • December 17, 2020
    Placed on the Union Calendar, Calendar No. 547.


  • December 17, 2020
    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-663.

Housing and Community Development

Consumer creditGovernment information and archivesGovernment lending and loan guaranteesHousing finance and home ownership

Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act

USA116th CongressHR-123| House 
| Updated: 12/17/2020
Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act This bill establishes a pilot program for an additional credit rating system for use by mortgage lenders. Specifically, the program utilizes one or more commercially available credit scoring models that apply additional credit information about borrowers who have insufficient credit histories for purposes of determining their creditworthiness for mortgages insured by the Federal Housing Administration.

Bill Text Versions

View Text
2 versions available

Suggested Questions

Get AI-generated questions to help you understand this bill better

Timeline
Jan 3, 2019
Introduced in House
Jan 3, 2019
Referred to the House Committee on Financial Services.
Sep 18, 2019
Committee Consideration and Mark-up Session Held.
Sep 19, 2019
Committee Consideration and Mark-up Session Held.
Sep 20, 2019
Committee Consideration and Mark-up Session Held.
Sep 20, 2019
Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 22.
Dec 17, 2020
Placed on the Union Calendar, Calendar No. 547.
Dec 17, 2020
Reported (Amended) by the Committee on Financial Services. H. Rept. 116-663.
  • January 3, 2019
    Introduced in House


  • January 3, 2019
    Referred to the House Committee on Financial Services.


  • September 18, 2019
    Committee Consideration and Mark-up Session Held.


  • September 19, 2019
    Committee Consideration and Mark-up Session Held.


  • September 20, 2019
    Committee Consideration and Mark-up Session Held.


  • September 20, 2019
    Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 22.


  • December 17, 2020
    Placed on the Union Calendar, Calendar No. 547.


  • December 17, 2020
    Reported (Amended) by the Committee on Financial Services. H. Rept. 116-663.
Al Green

Al Green

Democratic Representative

Texas

Cosponsors (2)
Emanuel Cleaver (Democratic)Brad Sherman (Democratic)

Financial Services Committee

Housing and Community Development

  • Introduced
  • In Committee
  • On Floor
  • Passed Chamber
  • Enacted
Consumer creditGovernment information and archivesGovernment lending and loan guaranteesHousing finance and home ownership