|TUESDAY, SEPTEMBER 10, 2019
Floor Schedule and Procedure:
Under a Rule (1 bill):
Suspensions (5 bills):
This bill changes the property appraisal requirements for mortgages backed by the Federal Housing Administration (FHA) by allowing licensed appraisers to conduct appraisals for such mortgages, rather than only certified appraisers. This would bring FHA standards in line with those set by Fannie Mae and Freddie Mac. This bill also sets minimum requirements for education specific to FHA appraisals that appraisers must undergo to be eligible to conduct FHA appraisals.
This bill permanently authorizes the U.S. Department of Agriculture’s (USDA) Multifamily Housing Preservation and Revitalization (MPR) Program, requires USDA to come up with a plan for preservation of rural multifamily housing backed by USDA loans, and establishes an advisory committee to advise USDA in implementing this plan. It also includes legislation from Rep. Vicente Gonzalez that adds the Rural Housing Voucher program to the list of covered housing programs under the Violence Against Women Act.
This bill authorizes $300 million over three years to support a new requirement to install and maintain carbon monoxide detectors in every housing unit and in any location with a combustion-fueled appliance assisted under Section 202, Section 811, Public Housing, and Section 8 in federally assisted housing.
This bill requires the Federal Reserve Banks to interview at least one individual reflective of gender diversity and at least one reflective of racial or ethnic diversity when appointing Federal Reserve Bank presidents.
This bill amends the Bank Service Company Act (BSCA) by enhancing the coordination of state banking agencies with federal banking agencies in regulating and examining the activities of bank service companies. It also allows for the sharing of information related to examinations and regulations between federal and state agencies related to banks’ technology service providers (TSPs).
|QUOTE OF THE DAY:
“Conformity is the jailer of freedom and the enemy of growth.”
John F. Kennedy