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HOUSE 2768117th CongressReferred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.

American Housing and Economic Mobility Act of 2021

Last Action
10/19/2021

Actions

  • 2021-10-19Referred to the Subcommittee on the Constitution, Civil Rights, and Civil Liberties.
  • 2021-07-14Referred to the Subcommittee on Economic Opportunity.
  • 2021-04-22Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, Veterans' Affairs, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • 2021-04-22Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, Veterans' Affairs, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • 2021-04-22Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, Veterans' Affairs, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • 2021-04-22Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, Veterans' Affairs, and Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
  • 2021-04-22Introduced in House
  • 2021-04-22Introduced in House

CRS Summary

As of 2021-04-22 (00)

American Housing and Economic Mobility Act of 2021

This bill addresses housing affordability and availability, makes certain changes to the estate and gift taxes, and contains other related provisions.

The Department of Housing and Urban Development shall provide grants to (1) state and local governments that remove unnecessary barriers to building affordable units, (2) states to assist borrowers who have negative equity in their homes, (3) state housing finance agencies to construct or acquire affordable rental housing and prevent tenant displacement and harassment, and (4) eligible individuals (generally, lower income individuals who resided in low-income or historically racially segregated areas) to help them purchase their first homes.

The bill provides funding through FY2031 for the first-time homeowner grant program established by the bill, through FY2022 for the affordable rental housing construction program established by the bill, and through FY2022 for specified existing rural housing programs.

The bill also expands fair housing protections to prohibit discrimination based on sexual orientation, gender identity, marital status, source of income, veteran status, or an individual's perceived membership in a protected class (e.g., an individual's perceived race or sex).

Additionally, the bill modifies the estate tax in various ways, including by reducing the number of brackets to three, increasing the tax rates, and reducing the basic exemption amount. The bill also modifies provisions related to gift taxes and transfer taxes.

Cosponsors (13)

  • Ro Khanna (D-CA)
  • ELEANOR NORTON (D-DC)
  • Jesus Garcia (D-IL)
  • Steve Cohen (D-TN)
  • JANICE SCHAKOWSKY (D-IL)
  • Ayanna Pressley (D-MA)
  • Gwen Moore (D-WI)
  • Suzanne Bonamici (D-OR)
  • BARBARA LEE (D-CA)
  • LUCILLE ROYBAL-ALLARD (D-CA)
  • Cori Bush (D-MO)
  • Mark Pocan (D-WI)
  • EARL BLUMENAUER (D-OR)

Subjects

  • Administrative law and regulatory procedures
  • Alaska Natives and Hawaiians
  • Alternative dispute resolution, mediation, arbitration
  • Banking and financial institutions regulation
  • Building construction
  • Business records
  • Consumer credit
  • Department of Housing and Urban Development
  • Educational facilities and institutions
  • Elementary and secondary education
  • Energy efficiency and conservation
  • Government information and archives
  • Government lending and loan guarantees
  • Government trust funds
  • Higher education
  • Housing and community development funding
  • Housing discrimination
  • Housing finance and home ownership
  • Housing for the elderly and disabled
Read on Congress.gov

Sourced from Congress.gov (public domain).

This is legal information, not legal advice. Laws vary by jurisdiction and change frequently. Always verify current law with official sources and consult a licensed attorney in your jurisdiction for advice on your specific situation.