CONGRESS FOR VOTERS

Vicente Gonzalez (D-TX)

MORE Opportunities for Homeownership Act

H.R. 7647 · House bill Finance and Financial Sector

A Democratic bill with 1 Republican cosponsor · See all 3 cosponsors

Last activity — Referred to the House Committee on Financial Services.

In committee

Introduced and handed to a committee in the chamber it started in.

The committee holds it, and most bills are never heard from again. A hearing or a committee vote would be news; silence is the usual outcome, and it kills the bill without anyone voting against it.

Its path through Congress

  1. Introduced
  2. In Committee

What this bill would do

This bill is titled the "Minimizing Outdated Restrictions that Exclude Opportunities for Homeownership Act." Its primary purpose is to amend the Federal Home Loan Bank Act to expand access to homeownership. The legislation achieves this by modifying specific language within the existing law. Specifically, it proposes to include the Federal Credit Union Act alongside the Federal Deposit Insurance Act.

Yes· 3 of 6

  • Scored +3

    Does this make housing cost less?

    The bill aims to expand homeownership access by amending the Federal Home Loan Bank Act to include credit unions.

  • Scored +2

    Would households on low incomes be better off under this?

    Expanded access to homeownership through community financial institutions can benefit low-income households seeking stability.

  • Scored +2

    Would middle-income households be better off under this?

    The bill facilitates easier access to homeownership opportunities for middle-income families through credit unions.

The opposite

No question was scored the opposite.