US Congress House Bill 898 (Prior Session Legislation)

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Spectrum:
Status: Introduced on February 7 2017 - 25% progression, died in committee
Action: 2017-02-07 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Credit Score Competition Act of 2017 This bill amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to allow the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), when determining whether to purchase a residential mortgage, to consider a borrower's credit score only if certain procedural requirements are met with respect to the validation and approval of credit-scoring models. The Federal Housing Finance Agency may, by regulation, establish standards and criteria for processes used by Fannie Mae and Freddie Mac to validate and approve credit-scoring models in accordance with the bill.

Credit Score Competition Act of 2017

Rep. Edward Royce [R-CA]	Sen. Kyrsten Sinema [I-AZ]	Rep. Terri Sewell [D-AL]	Rep. Gregory Meeks [D-NY]
Rep. Robert Pittenger [R-NC]	Rep. Pete Sessions [R-TX]	Rep. Carolyn Maloney [D-NY]	Rep. James Himes [D-CT]
Rep. Scott Tipton [R-CO]	Rep. Mike Coffman [R-CO]	Rep. Al Green [D-TX]	Sen. Jacky Rosen [D-NV]
Rep. Luke Messer [R-IN]	Rep. Alexander Mooney [R-WV]	Rep. Susan Davis [D-CA]

Date	Chamber	Action
2017-02-07	House	Referred to the House Committee on Financial Services.
2017-02-07	House	Introduced in House

SB1685 (Related) 2017-08-01 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
SB2155 (Related) 2018-05-24 - Became Public Law No: 115-174.
HR905 (Similar To) 2018-05-22 - Motion to reconsider laid on the table Agreed to without objection.

Type	Source
Summary	https://www.congress.gov/bill/115th-congress/house-bill/898/all-info
Text	https://www.congress.gov/115/bills/hr898/BILLS-115hr898ih.pdf