119th Congress Finance and Financial Sector
H.R. 2038: American Housing and Economic Mobility Act of 2025
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill addresses housing affordability and availability through grants, housing programs, and oversight of financial institutions. The bill also makes certain changes to the estate tax, such as by generally increasing the rate.
The Department of Housing and Urban Development shall provide grants to (1) state, local, and tribal governments to remove barriers to building affordable units, (2) states to assist borrowers who have negative equity in their homes, (3) state housing finance agencies to support construction of affordable rental housing and prevent tenant displacement and harassment, and (4) eligible individuals (generally, lower income individuals who are first generation homebuyers) to help them purchase their first homes.
The bill establishes and provides funding for the first-time homeowner grant program and the affordable rental housing construction program, and it also funds existing rural housing programs.
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The bill also requires financial regulators to generally assess the effectiveness of financial institutions in meeting the credit and lending needs of their communities, particularly of underserved populations.
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 places additional taxes on high-income estates and trusts.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Cosponsors
- Yassamin Ansari D-AZOriginal
- Suzanne Bonamici D-OROriginal
- Cleo Fields D-LAOriginal
- Maxwell Frost D-FLOriginal
- Shomari Figures D-ALOriginal
- Al Green D-TXOriginal
- Jimmy Gomez D-CAOriginal
- Jesús García D-ILOriginal
- Jonathan Jackson D-ILOriginal
- Ro Khanna D-CAOriginal
- James McGovern D-MAOriginal
- Gwen Moore D-WIOriginal
- LaMonica McIver D-NJOriginal
- Jerrold Nadler D-NYOriginal
- Eleanor Norton D-DCOriginal
- Alexandria Ocasio-Cortez D-NYOriginal
- Ilhan Omar D-MNOriginal
- Ayanna Pressley D-MAOriginal
- Delia Ramirez D-ILOriginal
- Janice Schakowsky D-ILOriginal
- Bennie Thompson D-MSOriginal
- Rashida Tlaib D-MIOriginal
- Shri Thanedar D-MIOriginal
- Valerie Foushee D-NC
- Pramila Jayapal D-WA
- Morgan McGarvey D-KY
Who scored on this bill
- 1Emanuel Cleaver SponsorIntroduced, reached a cosponsor milestone2 events+6
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Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Emanuel Cleaver
History
- Introduced in the House by Emanuel Cleaver.
Show the full action history (3 actions)
- Referred to the Subcommittee on Economic Opportunity.
- Introduced in House
- Referred 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.