To amend the Housing and Urban Development Act of 1968 to provide reforms to housing counseling and financial literacy programs.
To amend the Housing and Urban Development Act of 1968 to provide reforms to housing counseling and financial literacy programs.
Plain Language Summary
# HR 6726 Summary **What the Bill Does** HR 6726 would update federal housing counseling and financial literacy programs that were originally established in the Housing and Urban Development Act of 1968. The bill aims to reform these programs, though the specific reforms are not detailed in the available information. These programs typically help people understand mortgage options, manage debt, build credit, and make informed housing decisions. **Who It Affects** The reforms would primarily impact people seeking homeownership or housing assistance, as well as the counseling organizations and nonprofits that receive federal funding to provide these services.
It could also affect HUD (the Department of Housing and Urban Development), which administers these programs. **Current Status** HR 6726 was introduced by Representative David Scott (D-GA) in the 119th Congress and is currently in committee, meaning it has not yet been debated or voted on by the full House. The bill has not advanced further at this time. Additional details about the specific reforms proposed would become available as the bill moves through the legislative process or when committee documents are released.
Latest Action
Referred to the House Committee on Financial Services.