Homeownership Eligibility Reform Act
- Bill Number
- H.R. 9514
- Origin Chamber
- House
- Congress
- 119th Congress, Session 2
- Policy Area
- Finance and Financial Sector
- Status
- Introduced
- Latest Action
- 2026-06-29: Referred to the House Committee on Financial Services.
- Last Updated
- 2026-07-09T22:59:32Z
AI-Generated Summary
Homeownership Eligibility Reform Act (H.R. 9514)
Purpose of the Legislation
This bill aims to limit access to certain federal mortgage programs by requiring that mortgagors be U.S. citizens. It targets mortgage insurance from the Federal Housing Administration (FHA) and mortgage purchases by Fannie Mae and Freddie Mac.
Key Provisions Outlined
- FHA Mortgage Insurance: Amends Section 203(b)(8) of the National Housing Act to require that any mortgage insured by the FHA must be executed by a U.S. citizen.
- Fannie Mae Purchases: Adds language to Section 302 of the Federal National Mortgage Association Charter Act prohibiting the purchase of conventional mortgages for one- to four-family homes if the mortgagor is not a U.S. citizen.
- Freddie Mac Purchases: Adds similar language to Section 305 of the Federal Home Loan Mortgage Corporation Act, barring the purchase of such mortgages for non-U.S. citizen mortgagors.
Significant Changes to Existing Law Introduced
The bill modifies current statutes by inserting explicit U.S. citizenship requirements into sections that previously did not include them. This creates new restrictions on eligibility for FHA insurance and for the purchase and securitization activities of Fannie Mae and Freddie Mac.
Potential Impacts
- On Government Agencies: Requires the FHA, Fannie Mae, and Freddie Mac to adjust their eligibility reviews and purchasing policies to verify U.S. citizenship status.
- On Citizens: May increase access or priority for U.S. citizens in these mortgage programs.
- On Non-Citizens: Excludes non-U.S. citizens from eligibility for these specific mortgage supports, potentially affecting legal residents and other non-citizens seeking home financing.
- On International Relations: Could influence housing options for foreign nationals or recent immigrants, though the bill focuses solely on domestic program eligibility.
Main Stakeholders Affected
- The Federal Housing Administration (FHA).
- Fannie Mae and Freddie Mac.
- U.S. citizen homebuyers and mortgagors.
- Non-U.S. citizen individuals seeking mortgages.
- Mortgage lenders and originators who work with these federal programs.
Notable Legal, Constitutional, or Political Implications
The legislation updates federal housing finance laws by adding citizenship as a qualifying factor. This may intersect with broader policies on immigration and housing access but remains limited to the specified amendments in the National Housing Act and the charter acts for Fannie Mae and Freddie Mac.
This summary was generated by AI and may contain inaccuracies. Refer to the official source document for the authoritative text.
Sponsor
Cosponsors (14)
Rep. Bilirakis, Gus M. [R-FL-12], Rep. Perry, Scott [R-PA-10], Rep. Moore, Barry [R-AL-1], Rep. Mace, Nancy [R-SC-1], Rep. Cloud, Michael [R-TX-27], Rep. Moore, Riley M. [R-WV-2], Rep. Fuller, Clay [R-GA-14], Rep. Gosar, Paul A. [R-AZ-9], Rep. Jackson, Ronny [R-TX-13], Rep. Fine, Randy [R-FL-6], Rep. Clyde, Andrew S. [R-GA-9], Rep. Crane, Elijah [R-AZ-2], Rep. Harshbarger, Diana [R-TN-1], Rep. Grothman, Glenn [R-WI-6]
Recent Actions
- 2026-06-29: Referred to the House Committee on Financial Services.
- 2026-06-29: Introduced in House
- 2026-06-29: Introduced in House
Bill Versions
- Homeownership Eligibility Reform Act — issued 2026-06-29 — PDF (2 pages)