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H.R. 5953: BUILD Act

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H.R. 5953: BUILD Act

115th Congress · introduced 2018-05-24 · Finance and Financial Sector · Latest: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

federal

Follow this bill, step by step

  1. Where it came from: introduced 2018-05-24 · official record
  2. Who proposed it: Rep. Loudermilk, Barry [R-GA-11] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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

BUILD Act

Plain summary

Building Up Independent Lives and Dreams Act or the BUILD Act (Sec. 2) This bill amends the Truth in Lending Act and the Real Estate Settlement Procedures Act of 1974 to allow nonprofit organizations offering mortgage loans for charitable purposes to use certain alternative forms to satisfy disclosure requirements.

Congressional Research Service summary (Passed 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

BUILD Act

Source: Congressional Research Service summary (Passed House without amendment)

AI explanation – may be wrong, check the official text

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The strongest published arguments

Arguments for (supporters)

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Arguments against (opponents)

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Alternatives

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

Officials and money

Sponsor: Rep. Loudermilk, Barry [R-GA-11] · 4 cosponsors

Cost estimate: CBO cost estimate: H.R. 5953, BUILD Act (2018-07-11)

Cosponsors on this site

Brad Sherman (D-CA), Claudia Tenney (R-NY), Nydia M. Velázquez (D-NY), Ted Budd (R-NC)

Sponsor's campaign money: Rep. Loudermilk, Barry [R-GA-11] reported raising $263,729 (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)
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).

Plain meanings written from linked sources. All words.

Sources

Record fed-us-cong115-hr5953 · catalog fed-us-congress-bills-cong115 · updated 2026-11-15 by psicol fed-bills-cong115