HR7647Referred to Committee

MORE Opportunities for Homeownership Act

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-02-23
Introduced
2
Cosponsors
HR
ⓘ
Type

Sponsor

Vicente Gonzalez
Vicente Gonzalez
Democrat · TX · Representative
Votes with party: 81.5% (523 recorded votes)

Full profile: /officials/G000581

Source: Congress.gov · FEC

Cosponsors (2)

Members who have signed on to support this bill since introduction. Source: Congress.gov.

Latest Action

The most recent step in the bill's legislative path. Committee Activity below shows referrals and reports; the full action-by-action history including floor proceedings lives at Congress.gov →

Referred to the House Committee on Financial Services.

2026-02-23

Source: Congress.gov

Plain-English Summary

This bill aims to make it easier for people to buy homes by likely removing or relaxing some of the financial rules and requirements that currently make it harder for borrowers to qualify for mortgages. The changes would affect banks, lenders, and prospective homebuyers by potentially allowing more people to access home loans, though it could also affect lending standards and financial stability. The bill is still in early stages and has been sent to the House Committee on Financial Services for review.

AI-assisted summary generated from the official bill metadata (title, subjects, actions) sourced from Congress.gov. Cached and reviewed. Always verify against the official text linked below.

Affected Industries

Industries and interest groups with a stake in how this bill is resolved. Compare with each member's outside-money backers on their finance page.

Real Estate

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Subjects

Finance and Financial Sector

Full Bill Text

Verbatim text published on Congress.gov via GovInfo. Use Cmd+F / Ctrl+F to search within this excerpt.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 7647 Introduced in House (IH)] <DOC> 119th CONGRESS 2d Session H. R. 7647 To amend the Federal Home Loan Bank Act to expand homeownership access, and for other purposes. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES February 23, 2026 Mr. Vicente Gonzalez of Texas (for himself and Mr. Fitzpatrick) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Federal Home Loan Bank Act to expand homeownership access, and for other purposes. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Minimizing Outdated Restrictions that Exclude Opportunities for Homeownership Act'' or the ``MORE Opportunities for Homeownership Act''. SEC. 2. EXPANDING HOMEOWNERSHIP ACCESS THROUGH COMMUNITY FINANCIAL INSTITUTIONS. Section 2(10)(A)(i) of the Federal Home Loan Bank Act (12 U.S.C. 1422(10)(A)(i)) is amended by inserting after ``Federal Deposit Insurance Act'' the following ``or Federal Credit Union Act''. <all>
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Related legislation

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