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H.R. 123 (116th): Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act

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To authorize a pilot program under section 258 of the National Housing Act to establish an automated process for providing additional credit rating information for mortgagors and prospective mortgagors under certain mortgages.

The bill’s titles are written by its sponsor.

The federal budget process occurs in two stages: appropriations, which set overall spending limits by agency or program, and authorizations, which direct how federal funds should (or should not) be used. Appropriation and authorization provisions are typically made for single fiscal years. A reauthorization bill like this one renews the authorizations of an expiring law.

Sponsor and status

Al Green

Sponsor. Representative for Texas's 9th congressional district. Democrat.

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Last Updated: Dec 17, 2020
Length: 12 pages
Introduced
Jan 3, 2019
116th Congress (2019–2021)
Status
Died in a previous Congress

This bill was introduced on September 20, 2019, in a previous session of Congress, but it did not receive a vote.

Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).

Cosponsors

2 Cosponsors (2 Democrats)

Source

Position statements

What stakeholders are saying

R Street Institute SpendingTracker.org estimates H.R. 123 will add $9 million in new spending through 2024.

History

Jan 3, 2019
 
Introduced

Bills and resolutions are referred to committees which debate the bill before possibly sending it on to the whole chamber.

Sep 18, 2019
 
Considered by House Committee on Financial Services

A committee held a hearing or business meeting about the bill.

Sep 20, 2019
 
Ordered Reported

A committee has voted to issue a report to the full chamber recommending that the bill be considered further. Only about 1 in 4 bills are reported out of committee.

H.R. 123 (116th) was a bill in the United States Congress.

A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

Bills numbers restart every two years. That means there are other bills with the number H.R. 123. This is the one from the 116th Congress.

This bill was introduced in the 116th Congress, which met from Jan 3, 2019 to Jan 3, 2021. Legislation not passed by the end of a Congress is cleared from the books.

How to cite this information.

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“H.R. 123 — 116th Congress: Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act.” www.GovTrack.us. 2019. December 4, 2021 <https://www.govtrack.us/congress/bills/116/hr123>

Where is this information from?

GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.