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H.R. 1908: Housing Financial Literacy Act of 2015

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H.R. 1908: Housing Financial Literacy Act of 2015

114th Congress · introduced 2015-04-21 · Housing and Community Development · Latest: Sponsor introductory remarks on measure. (CR E559)

federal

Follow this bill, step by step

  1. Where it came from: introduced 2015-04-21 · official record
  2. Who proposed it: Rep. Beatty, Joyce [D-OH-3] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Sponsor introductory remarks on measure. (CR E559) Not final yet: this can still change. We check for updates every day.
  5. If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.

What does this mean?

Official title

Housing Financial Literacy Act of 2015

Plain summary

Housing Financial Literacy Act of 2015 Amends the National Housing Act to revise the single insurance premium payment for a mortgage (secured by a one- to four-family dwelling that is an obligation of the Mutual Mortgage Insurance Fund) of a first-time homebuyer who completes a program of counseling on the responsibilities and financial management involved in homeownership that is approved by the Secretary of Housing and Urban Development. Repeals the current maximum premium payment of 2.75% of the amount of the mortgage's original insured principal obligation. Sets the single mortgage insurance premium payment at 25 basis points lower than the premium payment amount otherwise established.

Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.

What a vote does

A “Yea” vote

If it passes both chambers and is signed, it becomes law.

A “Nay” vote

If it is not passed, current law stays as it is.

PSI Sci description of the legislative step (not an opinion).

What does this mean? (plain words)

Official text

Housing Financial Literacy Act of 2015

Source: Congressional Research Service summary (Introduced in House)

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The strongest published arguments

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Alternatives

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How did my representative vote? · This bill's floor votes

Officials and money

Sponsor: Rep. Beatty, Joyce [D-OH-3] · 34 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Terri A. Sewell (D-AL), Gwen Moore (D-WI), Robin L. Kelly (D-IL), Bonnie Watson Coleman (D-NJ), Al Green (D-TX), Eleanor Holmes Norton (D-DC), Marcy Kaptur (D-OH), André Carson (D-IN), Stacey E. Plaskett (D-VI), Alma S. Adams (D-NC), Henry C. "Hank" Johnson, Jr. (D-GA), Danny K. Davis (D-IL)

Sponsor's campaign money: Rep. Beatty, Joyce [D-OH-3] reported raising $1.5 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.

Words on this page, explained (1)
Obligation
A binding promise by a government agency to pay money, for example by signing a contract or awarding a grant. Spending data such as USAspending.gov counts money when it is obligated, which can be before it is actually paid out.

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong114-hr1908 · catalog fed-us-congress-bills-cong114 · updated 2026-11-15 by psicol fed-bills-cong114