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H.R. 10084

U.S. House•In House Committee

Summary

H.R. 10084, the First Time Homebuyer Debt Reduction Act, was introduced in the House on Aug 13, 2026 by Rep. Jeff Crank (R). It was referred to Financial Services, and last saw action on Aug 13, 2026: Referred to the House Committee on Financial Services.

Record

Text

H.R. 10084 has no co-sponsors and has not gone to a roll call.

hb10084/introduced-in-house.txt
119 HR 10084 IH: First Time Homebuyer Debt Reduction Act
 U.S. House of Representatives
 2026-08-13
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  2d Session  H. R. 10084  IN THE HOUSE OF REPRESENTATIVES   August 13, 2026   Mr. Crank  introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To require that certain payments to Federal student loans to the buyer of a home be classified as a financial concession by the Federal National Mortgage Association and the Federal Home Loan Mortgage Association.
1.
Short title
This Act may be cited as the   First Time Homebuyer Debt Reduction Act  .
2.
Classification of student loan payment as a financial concession
(a)
In general
Not later than 30 days after the enactment of this Act, the Director of the Federal Housing Finance Agency shall require the enterprises to classify a covered payment as a financial concession with respect to an interested party contribution in the sale of a home, subject to the limitation described in subsection (b).
(b)
Limitation
A portion of a covered payment that is in excess of $25,000 shall be classified as a sales concession.
(c)
Definitions
In this Act:
(1)
Enterprises
The term  enterprises  means—
(A)
the Federal National Mortgage Association; and
(B)
the Federal Home Loan Mortgage Association.
(2)
Covered payment
The term  covered payment  means a payment towards a student loan, as defined in Title IV of the Higher Education Act, by an interested party to the buyer of a home.
(3)
Home
Newly constructed principal residence of the buyer of a home.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-08-13
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To require that certain payments to Federal student loans to the buyer of a home be classified as a financial concession by the Federal National Mortgage Association and the Federal Home Loan Mortgage Association.

Sponsors

Rep. Jeff Crank (R) sponsors H.R. 10084 alone.

Jeff Crank

Rep. · R–CO-5 · Sponsor

Committees

H.R. 10084 went before 1 committee: Financial Services.

Financial Services
Financial Services
Referred To · Aug 13, 2026 · 559 Bills

Actions

H.R. 10084 has taken 2 actions since Aug 13, 2026.

ChamberAction
Aug 13, 2026
House
Introduced in House
Aug 13, 2026
House
Referred to the House Committee on Financial Services.Financial Services Committee

Votes

H.R. 10084 has not gone to a roll call.

1 bill is related to H.R. 10084, as Cross-Congress related bill.

Titles

H.R. 10084 goes by 3 titles, 1 of them short titles.

  • First Time Homebuyer Debt Reduction Act — Display Title
  • First Time Homebuyer Debt Reduction Act — Short Title(s) as Introduced
  • To require that certain payments to Federal student loans to the buyer of a home be classified as a financial concession by the Federal National Mortgage Association and the Federal Home Loan Mortgage Association. — Official Title as Introduced

Classification

The Congressional Research Service files H.R. 10084 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 10084’s is Finance and Financial Sector.

hr10084/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 10084, as entered in the Congressional Record.

[Congressional Record Volume 172, Number 132 (Thursday, August 13, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. CRANK:H.R. 10084.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8, Clause 1[Page H5235]

Source: congress.gov · legiscan.com