United States 119th Congress Status: In Committee Bipartisan · 9 D · 1 I cosponsors

S 934 — American Housing and Economic Mobility Act of 2025

Last action — Read twice and referred to the Committee on Finance.

  1. ✓
    Introduced
  2. 2
    In Committee
  3. 3
    Passed Senate
  4. 4
    Passed House
  5. 5
    To Executive
  6. 6
    Enacted

This bill is in committee in the Senate. Introduced March 11, 2025. It must pass committee before a floor vote.

Next likely step: a committee vote, then a floor vote in the Senate.

Prognosis

Advancing 42% · moderate confidence

Where this bill stands today.

Odds of enactment

Low

How often bills like it became law.

  • In Committee

    Current position in the legislative process.

  • 10 sponsors

    1 primary, 9 co-sponsors signed on.

  • Bipartisan support

    Sponsored across 2 parties (9 D · 1 I) — cross-party backing.

Prognosis reads this bill's own signals — stage, sponsorship breadth, committee status, recorded votes and cross-state momentum. Odds come from a model trained on which bills have become law.

Summary

American Housing and Economic Mobility Act of 2025This bill addresses housing affordability and availability through grants, housing programs, and oversight of financial institutions. The bill also makes certain changes to the estate tax, such as by generally increasing the rate.The Department of Housing and Urban Development shall provide grants to (1) state, local, and tribal governments to remove barriers to building affordable units, (2) states to assist borrowers who have negative equity in their homes, (3) state housing finance agencies to support construction of affordable rental housing and prevent tenant displacement and harassment, and (4) eligible individuals (generally, lower income individuals who are first generation homebuyers) to help them purchase their first homes.The bill establishes and provides funding for the first-time homeowner grant program and the affordable rental housing construction program, and it also funds existing rural housing programs.The bill also requires financial regulators to generally assess the effectiveness of financial institutions in meeting the credit and lending needs of their communities, particularly of underserved populations. The bill also expands fair housing protections to prohibit discrimination based on sexual orientation, gender identity, marital status, source of income, veteran status, or an individual's perceived membership in a protected class (e.g., an individual's perceived race or sex).Additionally, the bill modifies the estate tax in various ways, including by reducing the number of brackets to three, increasing the tax rates, and reducing the basic exemption amount. The bill also places additional taxes on high-income estates and trusts.

Bill Text

How this bill changes current law

5 changes Share ↗

Compared against current U.S. Code AI-generated reading aid — verify against the official bill.

The bill amends existing housing funding provisions to increase appropriations for various housing programs.

  • 25 U.S.C. 4117

    such sums as may be necessary for each of fiscal years 2009 through 2013 → $2,500,000,000 for fiscal year 2025 and such sums as may be necessary for each of fiscal years 2026 through 2034

    This change establishes a specific funding amount of $2.5 billion for the Indian Housing Block Grant Program for fiscal year 2025 and continues funding for subsequent years.

  • 25 U.S.C. 4243

    such sums as may be necessary for each of fiscal years 2001, 2002, 2003, 2004, and 2005 → $50,000,000 for fiscal year 2025 and such sums as may be necessary for each of fiscal years 2026 through 2034

    This change sets a specific funding amount of $50 million for the Native Hawaiian Housing Block Grant Program for fiscal year 2025 and for future years.

  • 42 U.S.C. 1437g(c)(2)(A)

    N/A → $70,000,000,000 for fiscal year 2025

    This change provides a significantly increased allocation of $70 billion for the Public Housing Capital Fund for fiscal year 2025.

  • 12 U.S.C. 4568(a)

    N/A → $48,000,000,000 for each of fiscal years 2025 through 2034

    This change authorizes $48 billion annually for the Housing Trust Fund from fiscal years 2025 to 2034.

  • 12 U.S.C. 4569

    N/A → $3,000,000,000 for each of fiscal years 2025 through 2034

    This change allocates $3 billion annually to the Capital Magnet Fund from fiscal years 2025 to 2034.

Action History

  1. Introduced in Senate

  2. Read twice and referred to the Committee on Finance.

Sponsors

Sponsorship breakdown

Export CSV (upgrade) →

1 sponsors · 9 co-sponsors · 537 not signed on

Sponsors (1)

Co-sponsors (9)

Not signed on (537)

537 members have not signed on to this bill.

Show all 537 →

"Not signed on" means a member has not sponsored or co-sponsored this bill — it does not imply opposition. Members flagged Voted No have a recorded No vote on this bill.

Whip count is in markup. Polling the chamber and every recorded vote this session. Only the first open is slow. It’s instant for you after this. Calling the roll · Tallying · Engrossing

Subjects

taxation finance housing civil-rights
Cross-referencing the record. Reading this bill against every other bill in the corpus by meaning, not keywords. Only the first open is slow. It’s instant for you after this. Matching · Ranking · Engrossing

Frequently asked questions

What does S 934 do?
American Housing and Economic Mobility Act of 2025This bill addresses housing affordability and availability through grants, housing programs, and oversight of financial institutions. The bill also makes certain changes to the estate tax, such as by generally increasing the rate.The Department of Housing and Urban Development shall provide grants to (1) state, local, and tribal governments to remove barriers to building affordable units, (2) states to assist borrowers who have negative equity in their homes, (3) state housing finance agencies to support construction of affordable rental housing and prevent tenant displacement and harassment, and (4) eligible individuals (generally, lower income individuals who are first generation homebuyers) to help them purchase their first homes.The bill establishes and provides funding for the first-time homeowner grant program and the affordable rental housing construction program, and it also funds existing rural housing programs.The bill also requires financial regulators to generally assess the effectiveness of financial institutions in meeting the credit and lending needs of their communities, particularly of underserved populations. The bill also expands fair housing protections to prohibit discrimination based on sexual orientation, gender identity, marital status, source of income, veteran status, or an individual's perceived membership in a protected class (e.g., an individual's perceived race or sex).Additionally, the bill modifies the estate tax in various ways, including by reducing the number of brackets to three, increasing the tax rates, and reducing the basic exemption amount. The bill also places additional taxes on high-income estates and trusts.
Who sponsors S 934?
S 934 is sponsored by Warren, Elizabeth (Democratic), Warnock, Raphael G. (Democratic), Markey, Edward J. (Democratic), Sanders, Bernard (Independent), Hirono, Mazie K. (Democratic), Welch, Peter (Democratic), Blumenthal, Richard (Democratic), Van Hollen, Chris (Democratic), Kim, Andy (Democratic), and Luján, Ben Ray (Democratic).
What is the current status of S 934?
This bill is in committee in the Senate. Introduced March 11, 2025. It must pass committee before a floor vote.
Where can I track S 934?
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