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Bill116th CongressFiled Mar 28, 2019Housing and Community Development
H.R. 1988

Protecting Affordable Mortgages for Veterans Act of 2019

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary passed house (Jul 9, 2019)

Protecting Affordable Mortgages for Veterans Act of 2019

This bill revises loan seasoning requirements related to a refinanced Department of Veterans Affairs (VA) housing loan. Under current law, the VA is prohibited from guaranteeing a refinanced home loan until the date that is the later of (1) the date on which the sixth monthly payment is made, or (2) the date that is 210 days after the first payment is made. This bill modifies this date to (1) when the borrower has made six consecutive monthly payments, or (2) 210 days after the first payment is due.

What just happenedJul 10, 2019

Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 143.

Who’s behind it

Rep. Scott, David [D-GA-13](D-GA)Sponsor
7 cosponsors2 D5 R
Read on Congress.gov
7cosponsors2committees16actions1related bills3subjects
  1. Jul 10, 2019Calendars

    Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 143.

  2. Jul 9, 2019FloorH38310

    Motion to reconsider laid on the table Agreed to without objection.

  3. Jul 9, 2019FloorH37300

    On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5274)

  4. Jul 9, 2019Floor8000

    Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote.(text: CR H5274)

  5. Jul 9, 2019FloorH8D000

    DEBATE - The House proceeded with forty minutes of debate on H.R. 1988.

  6. Jul 9, 2019FloorH30000

    Considered under suspension of the rules. (consideration: CR H5274-5276)

  7. Jul 9, 2019FloorH30300

    Ms. Waters moved to suspend the rules and pass the bill, as amended.

  8. Jul 9, 2019CommitteeH12200

    Reported (Amended) by the Committee on Veterans' Affairs. H. Rept. 116-138, Part I.

    Veterans' Affairs Committee
  9. Jul 9, 2019Committee5000

    Reported (Amended) by the Committee on Veterans' Affairs. H. Rept. 116-138, Part I.

    Veterans' Affairs Committee
  10. May 1, 2019Committee

    Forwarded by Subcommittee to Full Committee by Voice Vote .

    Economic Opportunity Subcommittee
  11. May 1, 2019Committee

    Subcommittee Consideration and Mark-up Session Held.

    Economic Opportunity Subcommittee
  12. May 1, 2019Committee

    Referred to the Subcommittee on Economic Opportunity.

    Economic Opportunity Subcommittee
  13. Mar 28, 2019IntroReferralH11100

    Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Veterans' Affairs Committee
  14. Mar 28, 2019IntroReferralH11100

    Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Financial Services Committee
  15. Mar 28, 2019IntroReferralIntro-H

    Introduced in House

  16. Mar 28, 2019IntroReferral1000

    Introduced in House

Passed HouseJul 9, 201953

Protecting Affordable Mortgages for Veterans Act of 2019

This bill revises loan seasoning requirements related to a refinanced Department of Veterans Affairs (VA) housing loan. Under current law, the VA is prohibited from guaranteeing a refinanced home loan until the date that is the later of (1) the date on which the sixth monthly payment is made, or (2) the date that is 210 days after the first payment is made. This bill modifies this date to (1) when the borrower has made six consecutive monthly payments, or (2) 210 days after the first payment is due.

Introduced in HouseMar 28, 2019

Protect Affordable Mortgages for Veterans Act of 2019

This bill revises loan seasoning requirements related to a refinanced Department of Veterans Affairs (VA) housing loan. Under current law, the VA is prohibited from guaranteeing a refinanced home loan until the date that is the later of (1) the date on which the sixth monthly payment is made, or (2) the date that is 210 days after the first payment is made. This bill modifies this date to (1) when the borrower has made six consecutive monthly payments, or (2) 210 days after the first payment is due.

Protecting Affordable Mortgages for Veterans Act of 2019 — Informed