Housing, Opportunity, Mobility, and Equity Act of 2022
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in house (Dec 8, 2022)
Housing, Opportunity, Mobility, and Equity Act of 2022
This bill addresses zoning policies, housing affordability, and economic security.
Specifically, the bill requires each state or local government that receives a Community Development Block Grant from the Department of Housing and Urban Development or a Surface Transportation Block Grant from the Department of Transportation to develop and implement a strategy to support zoning policies or regulatory initiatives that create a more affordable, elastic, and diverse housing supply.
Additionally, the bill establishes a tax credit for individuals who spend more than 30% of their adjusted gross income on rent and requires the Department of the Treasury to make advance payments of this credit to eligible taxpayers who elect that option.
The bill also requires Treasury to establish a Rainy Day Savings Program to allow an eligible taxpayer to defer 20% of the amount that would otherwise be refunded to the taxpayer. Treasury must invest the deferred amount and later disburse that amount, along with any interest, to the taxpayer.
What just happenedDec 9, 2022
Referred to the Subcommittee on Highways and Transit.
Who’s behind it
- Introduced in HouseDec 8, 2022
- Dec 9, 2022Committee
Referred to the Subcommittee on Highways and Transit.
Highways and Transit Subcommittee - Dec 8, 2022IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, and Transportation and Infrastructure, 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 8, 2022IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, and Transportation and Infrastructure, 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 8, 2022IntroReferralH11100
Referred to the Committee on Ways and Means, and in addition to the Committees on Financial Services, and Transportation and Infrastructure, 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 8, 2022IntroReferralIntro-H
Introduced in House
- Dec 8, 2022IntroReferral1000
Introduced in House