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S. 254: A bill to establish a Homeowner Assistance Fund at the Department of the Treasury.

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S. 254: A bill to establish a Homeowner Assistance Fund at the Department of the Treasury.

117th Congress · introduced 2021-02-04 · Housing and Community Development · Latest: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S478)

federal

Follow this bill, step by step

  1. Where it came from: introduced 2021-02-04 · official record
  2. Who proposed it: Sen. Reed, Jack [D-RI] · what a sponsor is
  3. What happened next: no floor votes in our records yet. Why?
  4. Where it stands now: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (Sponsor introductory remarks on measure: CR S478) 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

A bill to establish a Homeowner Assistance Fund at the Department of the Treasury.

Plain summary

This bill provides funds for assistance to homeowners to prevent mortgage defaults, foreclosures, and displacements of individuals and families experiencing financial hardship after January 21, 2020. The Department of the Treasury must disburse the funds to state housing finance agencies, territories, and Indian tribes for the provision of such assistance.

Congressional Research Service summary (Introduced in Senate), 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

A bill to establish a Homeowner Assistance Fund at the Department of the Treasury.

Source: Congressional Research Service summary (Introduced in Senate)

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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: Sen. Reed, Jack [D-RI] · 32 cosponsors

Cost estimate: No cost estimate published yet.

Cosponsors on this site

Elizabeth Warren (D-MA), Chris Van Hollen (D-MD), Catherine Cortez Masto (D-NV), Patty Murray (D-WA), Ron Wyden (D-OR), Richard J. Durbin (D-IL), Bernard Sanders (I-VT), Amy Klobuchar (D-MN), Sheldon Whitehouse (D-RI), Jeff Merkley (D-OR), Kirsten E. Gillibrand (D-NY), Richard Blumenthal (D-CT), Tammy Baldwin (D-WI), Tim Kaine (D-VA), Tammy Duckworth (D-IL), Cory A. Booker (D-NJ), Jon Ossoff (D-GA), Tina Smith (D-MN), Jeanne Shaheen (D-NH), Mazie K. Hirono (D-HI), Brian Schatz (D-HI), Mark R. Warner (D-VA), Raphael G. Warnock (D-GA), Christopher A. Coons (D-DE)

Sponsor's campaign money: Sen. Reed, Jack [D-RI] reported raising $3.7 million (2025–2026). Details. Shown for context only; it does not mean any donor supported this bill.

Agencies named in this bill

Found automatically: the agency's full official name appears in the bill title. A bill can affect agencies it does not name, so this list may be incomplete.

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-cong117-s254 · catalog fed-us-congress-bills-cong117 · updated 2026-11-15 by psicol fed-bills-cong117