H.R. 3141: FHA Loan Affordability Act of 2019
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H.R. 3141: FHA Loan Affordability Act of 2019
116th Congress · introduced 2019-06-05 · Housing and Community Development · Latest: Placed on the Union Calendar, Calendar No. 227.
federal
Follow this bill, step by step
- Where it came from: introduced 2019-06-05 · official record
- Who proposed it: Rep. Phillips, Dean [D-MN-3] · 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. 227. 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.
Official title
FHA Loan Affordability Act of 2019
Plain summary
FHA Loan Affordability Act of 2019 This bill requires Federal Housing Administration mortgage borrowers to pay mortgage insurance premiums only when their remaining principal balance exceeds 78% or more of the home value or sales price. The bill applies only to mortgages insured after the bill's enactment.
Congressional Research Service summary (Reported to 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
FHA Loan Affordability Act of 2019
Source: Congressional Research Service summary (Reported to 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. Phillips, Dean [D-MN-3] · 0 cosponsors
Cost estimate: CBO cost estimate: H.R. 3141, FHA Loan Affordability Act of 2019 (2019-06-28)
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
- Congressional Research Service summary (Reported to House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-116hr3141.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/116/hr>
Record fed-us-cong116-hr3141 · catalog fed-us-congress-bills-cong116 · updated 2026-11-15 by psicol fed-bills-cong116