Washington, D.C. – House Majority Leader Kevin McCarthy (CA-23) released the following statement on the scheduling of H.R. 3192, the Homebuyers Assistance Act:
“Next week, the House will vote on the Homebuyers Assistance Act—an important bill for everyone who is doing their best to comply with the Consumer Financial Protection Bureau’s (CFPB) mortgage loan transaction disclosure rule. This bipartisan bill provides certainty to businesses that are trying to comply with the rule as well as an opportunity to work out any implementation issues that come up. There is no reason that CFPB regulations should prevent homebuyers from being able to buy and close on a home.
“Owning a home has always been an important part of the American Dream, and government should never stop people from reaching that goal. Representative French Hill’s (AR-02) leadership on this bill means many Americans will be that much closer to achieving their American Dream.”