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S. 4861

U.S. Senate•In Senate Committee

Summary

S. 4861, the Housing Financial Literacy Act of 2026, was introduced in the Senate on Jun 23, 2026 by Sen. Gary Peters (D) with 1 co-sponsor. It was referred to Banking, Housing, And Urban Affairs, and last saw action on Jun 23, 2026: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Record

Text

S. 4861 has 1 co-sponsor.

sb4861/introduced-in-senate.txt
119 S4861 IS: Housing Financial Literacy Act of 2026
 U.S. Senate
 2026-06-23
 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.
 II  119th CONGRESS  2d Session  S. 4861  IN THE SENATE OF THE UNITED STATES   June 23, 2026   Mr. Peters  (for himself and  Mr. Cornyn ) introduced the following bill; which was read twice and referred to the  Committee on Banking, Housing, and Urban Affairs    A BILL
To require the Secretary of Housing and Urban Development to discount FHA single-family mortgage insurance premium payments for first-time homebuyers who complete a financial literacy housing counseling program.
1.
Short title
This Act may be cited as the   Housing Financial Literacy Act of 2026  .
2.
Discount on mortgage insurance premium payments for first-time homebuyers who complete financial literacy housing counseling programs
The second sentence of subparagraph (A) of section 203(c)(2) of the National Housing Act ( 12 U.S.C. 1709(c)(2)(A) ) is amended—
(1)
by inserting before the comma the following:  and such program is completed before the mortgagor has signed an application for a mortgage to be insured under this title or a sales agreement ; and
(2)
by striking  not exceed 2.75 percent of the amount of the original insured principal obligation of the mortgage  and inserting  be 25 basis points lower than the premium payment amount established by the Secretary under the first sentence of this subparagraph .

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-06-23
  2. Passed Senate
  3. Passed House
  4. Conference
  5. To President
  6. Became Law

A bill to require the Secretary of Housing and Urban Development to discount FHA single-family mortgage insurance premium payments for first-time homebuyers who complete a financial literacy housing counseling program.

Sponsors

Sen. Gary Peters (D) sponsors S. 4861, and 1 member has co-sponsored it from the day it was introduced.

Committees

S. 4861 went before 1 committee: Banking, Housing, and Urban Affairs.

Banking, Housing, and Urban Affairs
Banking, Housing, and Urban Affairs
Referred To · Jun 23, 2026 · 465 Bills

Actions

S. 4861 has taken 2 actions since Jun 23, 2026.

ChamberAction
Jun 23, 2026
Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.Banking, Housing, and Urban Affairs Committee
Jun 23, 2026
—
Introduced in Senate

Votes

S. 4861 has not gone to a roll call.

1 bill is related to S. 4861.

Titles

S. 4861 goes by 3 titles, 1 of them short titles.

  • Housing Financial Literacy Act of 2026 — Display Title
  • Housing Financial Literacy Act of 2026 — Short Title(s) as Introduced
  • A bill to require the Secretary of Housing and Urban Development to discount FHA single-family mortgage insurance premium payments for first-time homebuyers who complete a financial literacy housing counseling program. — Official Title as Introduced

Classification

The Congressional Research Service files S. 4861 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; S. 4861’s is Finance and Financial Sector.

s4861/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Source: congress.gov · legiscan.com