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![handle is hein.congrecreports/crptxadql0001 and id is 1 raw text is: AUTHENTICATED
U.S. GOVERNMENT
INFORMATION .
116TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 116-663
ALTERNATIVE DATA FOR ADDITIONAL CREDIT FHA PILOT
PROGRAM REAUTHORIZATION ACT
DECEMBER 17, 2020.-Committed to the Committee of the Whole House on the State
of the Union and ordered to be printed
Ms. WATERS, from the Committee on Financial Services,
submitted the following
R E P O R T
together with
MINORITY VIEWS
[To accompany H.R. 123]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 123) to authorize a pilot program under section 258 of the
National Housing Act to establish an automated process for pro-
viding additional credit rating information for mortgagors and pro-
spective mortgagors under certain mortgages, having considered
the same, reports favorably thereon with an amendment and rec-
ommends that the bill as amended do pass.
CONTENTS
Page
Purpose and Sum m ary ............................................................................................ 3
Background and Need for Legislation ................................................................... 4
Section-by-Section A nalysis ................................................................................... 4
Hearings ................................................................................................................... 5
Com m ittee Consideration ........................................................................................ 5
Committee Votes ...................................................................................................... 5
Statement of Oversight Findings and Recommendations of the Committee ...... 8
Statement of Performance Goals and Objectives .................................................. 8
New Budget Authority and CBO Cost Estimate ................................................... 8
Com m ittee Cost E stim ate ....................................................................................... 12
U nfunded M andate Statem ent ............................................................................... 13
Advisory Committee ................................................................................................ 13
Application of Law to the Legislative Branch ....................................................... 13
Earmark Statement ................................................................................................. 13
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