H.R. 3221: Securing Access to Affordable Mortgages Act

115th Congress · introduced 2017-07-13 · Housing and Community Development · Latest: Placed on the Union Calendar, Calendar No. 448.

federal

Follow this bill, step by step

Where it came from: introduced 2017-07-13 · official record
Who proposed it: Rep. Kustoff, David [R-TN-8] · what a sponsor is
What happened next: no floor votes in our records yet. Why?
Where it stands now: Placed on the Union Calendar, Calendar No. 448. Not final yet: this can still change. We check for updates every day.
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

Securing Access to Affordable Mortgages Act

Plain summary

(This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Securing Access to Affordable Mortgages Act (Sec. 2) This bill amends the Truth in Lending Act and the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to exempt from property appraisal requirements a mortgage loan of $250,000 or less if it appears on the loan creditor's balance sheet for at least three years. The bill exempts mortgage lenders and others involved in real estate transactions from incurring penalties for failing to report appraiser misconduct.

Congressional Research Service summary (Reported to House without amendment), 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

Securing Access to Affordable Mortgages Act

Source: Congressional Research Service summary (Reported to House without amendment)

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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. Kustoff, David [R-TN-8] · 2 cosponsors

Cost estimate: CBO cost estimate: H.R. 3221, Securing Access to Affordable Mortgages Act (2018-03-08)

Cosponsors on this site

Claudia Tenney (R-NY)

Sponsor's campaign money: Rep. Kustoff, David [R-TN-8] reported raising $2.6 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 (3)

Appraisal: An estimate of what property is worth. In Texas, county appraisal districts set the value that property taxes are based on.
Bill: A proposed law. It becomes law only if it passes the legislature and is signed by the president or governor (or a veto is overridden).
Exemption: A rule that removes certain people, property or activities from a tax or requirement.

Plain meanings written from linked sources. All words.

Sources

Congressional Research Service summary (Reported to House without amendment)
Congress.gov
Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-115hr3221.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/115/hr>

Record fed-us-cong115-hr3221 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115