To provide certain Federal employees with the ability to request and receive a period of forbearance on certain mortgage loans during a period during which there is a lapse in appropriations, 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
Gives certain federal employees and related contractor support workers the right to request mortgage forbearance on federally backed home loans during and shortly after lapses in appropriations.
Who Benefits and How
Covered workers affected by shutdowns could postpone mortgage payments and avoid immediate financial distress.
Who Bears the Burden and How
Mortgage servicers and loan holders would need to provide the requested forbearance on covered federally backed loans.
Key Provisions
- Defines covered individuals to include many federal employees and certain contractor support workers affected by funding lapses.
- Creates a right to request mortgage forbearance during the covered period for federally backed mortgage loans.
- Extends the covered period through 180 days after the funding lapse ends.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for identified beneficiaries/burden bearers.
At a Glance
What This Bill Does
Gives certain federal employees and related contractor support workers the right to request mortgage forbearance on federally backed home loans during and shortly after lapses in appropriations.
Key Policy Areas
Housing, Government Operations, Financial Services
Primary Purpose
Gives certain federal employees and related contractor support workers the right to request mortgage forbearance on federally backed home loans during and shortly after lapses in appropriations.
Policy Domains
Main Provisions
Identified Gains
Contextual inference, no direct clause citation- Covered federal employees and shutdown-affected contractor support workers with federally backed mortgages
Contextual inference, no direct clause citation
Identified Costs
Contextual inference, no direct clause citation- Mortgage servicers and other holders of federally backed mortgage loans
Contextual inference, no direct clause citation
Sponsors
Legislative Progress
IntroducedMs. Alsobrooks (for herself, Mr. Van Hollen, Mr. Kaine, and …
Stakeholder Effects
cui bono?How this legislation distributes effects. Mention counts reflect frequency, not effect magnitude.
Mortgage servicers and holders of federally backed loans
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
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