To provide forbearance assistance during a major disaster or emergency, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill expands a loan guarantee, definition change provision: 2. Definitions In this Act: The covered mortgage loan means— a Federally backed mortgage loan; or a Federally backed multifamily mortgage loan. The term covered and expands a grant, loan guarantee, compliance mandate provision: 3. It relies on loan guarantees, definition changes, grants, and compliance mandates. The main policy areas are Defense and Finance.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Expands a loan guarantee, definition change provision: 2. Definitions In this Act: The covered mortgage loan means— a Federally backed mortgage loan; or a Federally backed multifamily mortgage loan. The term covered...
- Expands a grant, loan guarantee, compliance mandate provision: 3.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill expands a loan guarantee, definition change provision: 2. Definitions In this Act: The covered mortgage loan means— a Federally backed mortgage loan; or a Federally backed multifamily mortgage loan. The term covered and expands a grant, loan guarantee, compliance mandate provision: 3.
Key Policy Areas
Defense, Finance
Primary Purpose
The bill expands a loan guarantee, definition change provision: 2. Definitions In this Act: The covered mortgage loan means— a Federally backed mortgage loan; or a Federally backed multifamily mortgage loan. The term covered and expands a grant, loan guarantee, compliance mandate provision: 3.
Policy Domains
Sponsors
Legislative Progress
IntroducedMr. Schiff (for himself and Mr. Bennet) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "governor"
- → Governor of a State
- "the_president"
- → President of the United States
- "chief_executive"
- → Chief Executive of an Indian tribal government
- "borrower"
- → Borrower with a covered mortgage loan
- "servicer"
- → Mortgage loan servicer
Key Definitions
Terms defined in this bill
A Federally backed mortgage loan or a Federally backed multifamily mortgage loan
The period beginning on the date of the declaration of a disaster and ending on the date on which the declaration ends
Any major disaster or emergency declared by the President under section 401 or 501 of the Stafford Act, or any disaster or emergency declared by a State Governor or tribal Chief Executive
Any area that is subject to the declaration of the disaster
A loan secured by a first or subordinate lien on 1-4 family residential property that is insured/guaranteed by FHA, VA, USDA, or purchased/securitized by Freddie Mac or Fannie Mae
A loan secured by residential multifamily property (5+ families) that is insured/guaranteed by HUD, VA, USDA, or purchased/securitized by Freddie Mac or Fannie Mae
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology