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H.R.123 / 116th Congress

Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act

Placed on the Union Calendar, Calendar No. 547.

Official summary

Version 07 · Reported to House · Dec 17, 2020

Alternative Data for Additional Credit FHA Pilot Program Reauthorization Act

This bill establishes a pilot program for an additional credit rating system for use by mortgage lenders. Specifically, the program utilizes one or more commercially available credit scoring models that apply additional credit information about borrowers who have insufficient credit histories for purposes of determining their creditworthiness for mortgages insured by the Federal Housing Administration.

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Who introduced it

Rep. Green, Al [D-TX-9] · D–TX

Committees

  • Financial Services Committee
2 cosponsorship records, including any withdrawals

Actions

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  1. Placed on the Union Calendar, Calendar No. 547.

  2. Reported (Amended) by the Committee on Financial Services. H. Rept. 116-663.

  3. Reported (Amended) by the Committee on Financial Services. H. Rept. 116-663.

  4. Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 22.

  5. Committee Consideration and Mark-up Session Held.

  6. Committee Consideration and Mark-up Session Held.

  7. Committee Consideration and Mark-up Session Held.

  8. Referred to the House Committee on Financial Services.

  9. Introduced in House

  10. Introduced in House

Bill text & related measures

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Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Apr 7, 2025. Consult Congress.gov for the current record.

Explore the bill from different angles

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Neutral evidence review

Objective

Analyze H.R.123 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

Progressive lens

Examine H.R.123 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.

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Institutions and government scope

Conservative lens

Examine H.R.123 through a conservative lens, focusing on fiscal responsibility, institutional stability, federalism, and the scope of government. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and any provisions that challenge this perspective.

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Individual rights and government power

Liberty lens

Examine H.R.123 through a civil-liberties and limited-government lens. Consider individual rights, privacy, voluntary choice, accountability, and government power. Explain tradeoffs, possible safeguards, and the strongest counterarguments without assuming the proposal is beneficial or harmful.

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