S4636Referred to Committee

A bill to amend the Real Estate Settlement Procedures Act of 1974 to provide for interest on escrow balances.

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Introduced
In Committee
3
Passed One Chamber
4
Passed Both
5
Signed into Law
119th
Congress
2026-05-21
Introduced
1
Cosponsors
S
ⓘ
Type

Sponsor

Richard Blumenthal
Richard Blumenthal
Democrat · CT · Senator
Votes with party: 64.1% (320 recorded votes)

Full profile: /officials/B001277

Source: Congress.gov · FEC

Cosponsors (1)

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 →

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

2026-05-21

Source: Congress.gov

Committee Activity

Currently in

Plain-English Summary

The proposal would require mortgage lenders and servicers to pay interest on money that homeowners place in escrow accounts—accounts where funds are held to cover future property taxes and insurance payments. Currently, lenders typically hold these escrow balances without paying any interest, meaning homeowners lose out on potential earnings from their own money. The change would benefit homeowners by allowing them to earn modest returns on funds that are held in their accounts.

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