American Homeowner Crypto Modernization Act of 2024
May 21, 2024
Very Pro Crypto
The "American Homeowner Crypto Modernization Act of 2024" (H.R. 8480) mandates that federal agencies update mortgage underwriting programs. This update requires participating mortgage lenders to consider U.S. dollar amounts held in brokerage accounts associated with cryptocurrency exchanges when evaluating a borrower's credit. The legislation applies to agencies such as HUD, the Department of Agriculture, the Department of Veterans Affairs, and the Federal Housing Finance Agency.
Current Status
This bill is currently in the legislative process and has not yet been passed into law.Analysis
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Votes
For
Against
Total
0
0
(D)
0
0
(R)
0
0
Sponsor
A
Nancy Mace(R) Congressperson
Cosponsors (1)
A
Ro Khanna(D) Congressperson
Voted For (0)
No votesVoted Against (0)
No votes