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   &lt;pre&gt;[Congressional Record Volume 167, Number 103 (Monday, June 14, 2021)][House]From the Congressional Record Online through the Government Publishing Office [&lt;a href="https://www.gpo.gov"&gt;www.gpo.gov&lt;/a&gt;]By Mr. MEEKS:H.R. 3861.Congress has the power to enact this legislation pursuantto the following:Article 1[Page H2746]&lt;/pre&gt;
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     &lt;p&gt;&lt;strong&gt;Making FHA Work for Borrowers with Student Debt Act of 2021 &lt;/strong&gt;&lt;/p&gt; &lt;p&gt;This bill requires the Federal Housing Administration (FHA) to modify its treatment of student loan debt for purposes of determining eligibility for federally insured mortgages for single-family homes. Specifically, the FHA must calculate a borrower's student loan debt obligation as the monthly payment required in connection with the loan or, if no monthly payment is required, 0.5% of the outstanding balance of the loan. Currently, the FHA calculates a borrower's student loan debt obligation as 1% of the outstanding balance of the loan. &lt;/p&gt;
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   Making FHA Work for Borrowers with Student Debt Act of 2021
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     To amend the National Housing Act to revise the treatment of student loan debt in the underwriting of FHA loans, and for other purposes.
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H11100
2021-06-14
Financial Services Committee
hsba00
2
House floor actions
Referred to the House Committee on Financial Services.
IntroReferral
Intro-H
2021-06-14
9
Library of Congress
Introduced in House
IntroReferral
1000
2021-06-14
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Library of Congress
Introduced in House
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2021-06-14T21:02:05Z
Referred to
House
Financial Services Committee
hsba00
Standing
W000788
5
Nikema
Rep. Williams, Nikema [D-GA-5]
Williams
D
2021-06-14
GA
S001204
0
Michael
Del. San Nicolas, Michael F. Q. [D-GU-At Large]
San Nicolas
F. Q.
D
2022-06-07
GU
Congressional Research Service, Library of Congress
This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.
text/xml
EN
Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
2021-06-14
2021-06-14
Referred to the House Committee on Financial Services.
House
Finance and Financial Sector
M001137
5
GREGORY
Rep. Meeks, Gregory W. [D-NY-5]
N
MEEKS
W.
D
NY
2021-06-14
Introduced in House
 <p><strong>Making FHA Work for Borrowers with Student Debt Act of 2021 </strong></p> <p>This bill requires the Federal Housing Administration (FHA) to modify its treatment of student loan debt for purposes of determining eligibility for federally insured mortgages for single-family homes. Specifically, the FHA must calculate a borrower's student loan debt obligation as the monthly payment required in connection with the loan or, if no monthly payment is required, 0.5% of the outstanding balance of the loan. Currently, the FHA calculates a borrower's student loan debt obligation as 1% of the outstanding balance of the loan. </p>
2021-12-08T22:35:04Z
00
2021-06-14T04:00:00Z
Introduced in House
https://www.govinfo.gov/content/pkg/BILLS-117hr3861ih/xml/BILLS-117hr3861ih.xml
Making FHA Work for Borrowers with Student Debt Act of 2021
Making FHA Work for Borrowers with Student Debt Act of 2021
Display Title
IH
Introduced in House
To amend the National Housing Act to revise the treatment of student loan debt in the underwriting of FHA loans, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Making FHA Work for Borrowers with Student Debt Act of 2021
Short Title(s) as Introduced
HR
2023-03-08T19:58:39Z
2023-03-08T19:58:39Z
3.0.0
H11100
2021-06-14
Financial Services Committee
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2021-06-14
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Michael
Del. San Nicolas, Michael F. Q. [D-GU-At Large]
San Nicolas
F. Q.
D
2022-06-07
GU
2021-06-14
Introduced in House
 <p><strong>Making FHA Work for Borrowers with Student Debt Act of 2021 </strong></p> <p>This bill requires the Federal Housing Administration (FHA) to modify its treatment of student loan debt for purposes of determining eligibility for federally insured mortgages for single-family homes. Specifically, the FHA must calculate a borrower's student loan debt obligation as the monthly payment required in connection with the loan or, if no monthly payment is required, 0.5% of the outstanding balance of the loan. Currently, the FHA calculates a borrower's student loan debt obligation as 1% of the outstanding balance of the loan. </p>
2021-12-08T22:35:04Z
00
Making FHA Work for Borrowers with Student Debt Act of 2021
Making FHA Work for Borrowers with Student Debt Act of 2021
Display Title
IH
Introduced in House
To amend the National Housing Act to revise the treatment of student loan debt in the underwriting of FHA loans, and for other purposes.
Official Title as Introduced
IH
Introduced in House
Making FHA Work for Borrowers with Student Debt Act of 2021
Short Title(s) as Introduced
2021-06-14
Referred to the House Committee on Financial Services.