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US HB4374
Bill
Status
7/14/2025
Primary Sponsor
Nancy Mace
Click for details
AI Summary
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Requires federal agencies to update automated mortgage underwriting programs within 24 months to mandate that lenders consider the value of digital assets held in cryptocurrency exchange brokerage accounts during mortgage credit evaluations
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Applies to the Department of Housing and Urban Development, Department of Agriculture, Department of Veterans Affairs, and the Federal Housing Finance Agency
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Extends requirements to Fannie Mae and Freddie Mac through the Federal Housing Finance Agency's supervisory authority over these government-sponsored enterprises
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Defines "digital asset" as any digital representation of value recorded on a cryptographically secured distributed ledger or similar technology
Legislative Description
American Homeowner Crypto Modernization Act of 2025
Finance and financial sector
Last Action
Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
7/14/2025