American Housing and Economic Mobility Act of 2018
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Dec 11, 2018)
American Housing and Economic Mobility Act of 2018
This bill addresses housing affordability and access by
- establishing a Local Housing Innovation grant program to support efforts to remove barriers to affordable housing;
- reauthorizing and increasing funding for various specified housing programs;
- establishing a Middle Class Housing Emergency Fund to support the construction of affordable rental-housing units;
- establishing a down-payment assistance program;
- establishing a formula grant program to assist borrowers who have negative equity in their homes;
- expanding the applicability, and increasing the penalties for violations, of certain requirements for financial institutions to help meet the credit needs of lower-income communities;
- expanding certain protections under the Fair Housing Act; and
- otherwise revising provisions related to housing assistance.
The bill also lowers estate-tax thresholds, establishes new tax rates above those thresholds, and otherwise modifies provisions related to transfer taxes.
What just happenedDec 13, 2018
Referred to the Subcommittee on Highways and Transit.
Who’s behind it
- Introduced in HouseDec 11, 2018
- Dec 13, 2018Committee
Referred to the Subcommittee on Highways and Transit.
Highways and Transit Subcommittee - Dec 13, 2018Committee
Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management.
Economic Development, Public Buildings, and Emergency Management Subcommittee - Dec 11, 2018IntroReferralH11100
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Judiciary, Transportation and Infrastructure, and Education and the Workforce, 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.
Education and the Workforce Committee - Dec 11, 2018IntroReferralH11100
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Judiciary, Transportation and Infrastructure, and Education and the Workforce, 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.
Transportation and Infrastructure Committee - Dec 11, 2018IntroReferralH11100
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Judiciary, Transportation and Infrastructure, and Education and the Workforce, 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.
Judiciary Committee - Dec 11, 2018IntroReferralH11100
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Judiciary, Transportation and Infrastructure, and Education and the Workforce, 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.
Ways and Means Committee - Dec 11, 2018IntroReferralH11100
Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Judiciary, Transportation and Infrastructure, and Education and the Workforce, 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 - Dec 11, 2018IntroReferralIntro-H
Introduced in House
- Dec 11, 2018IntroReferral1000
Introduced in House