Latest action: Referred to the House Committee on Financial Services.
Referred to one or more standing committees for review, hearings, and possible markup.
Specific committees not parsed from action data.
The committee may hold hearings, amend the bill, or let it die without action.
Next: Reported
Full chamber floor — Speaker / Majority Leader controls scheduling
Requires lenders to consider additional credit information when deciding mortgage loans.
The problem
Mortgage lenders may not consider all relevant credit history when evaluating borrower qualifications, potentially excluding qualified applicants.
The proposal
Amends Equal Credit Opportunity Act to require creditors to evaluate additional credit information sources when making mortgage lending decisions.
The impact
Borrowers may access mortgages more easily; lenders face expanded evaluation requirements; credit bureaus may provide more data.
People with good credit history but limited traditional credit records could qualify for mortgages more easily. This expands homeownership opportunities for underbanked populations.
Lenders considering additional credit information make better-informed decisions. This can reduce lending mistakes and improve overall loan quality.
Young people, immigrants, and others without extensive credit histories could demonstrate creditworthiness through alternative sources. This promotes broader participation in homeownership.
Banks and mortgage companies must build systems to collect and evaluate additional credit data. These compliance expenses could be passed to borrowers through higher fees.
Requiring lenders to access more credit information raises questions about data collection and privacy protection. More data sharing increases identity theft and misuse risks.
Without clear guidelines on which credit information counts, lenders may interpret requirements inconsistently. This could create confusion and legal disputes.
Lenders might use additional data sources to discriminate indirectly. Expanding data could enable new forms of bias rather than eliminate it.
Generated by AI from the bill text. Not a prediction and not legal or policy advice. The percentage is the model's own rating of each item — self-reported, and not a measure of how accurate it is.
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Individual contributions, grouped by employer · FEC
Where their individual donors work · 2026 cycle
Money from people who work there, not from the company. Not tied to this bill.
Itemized individual contributions via FEC, grouped by the employer each contributor self-reported. Companies and unions cannot contribute to federal candidates from their treasuries, so these totals are money from people who work at an employer — never from the organization itself. They are campaign contributions covering a full election cycle and are not connected to this bill.
Senate LDA lobbying disclosures
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