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BillS 4804 · 119

A bill to require the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to each establish a pilot program for personal property manufactured home loan purchases.

Introduced
Jun 17, 2026
Cosponsors
2
Traction
0
Last Action
Jun 17, 2026

Bill Summary

Requires the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to establish pilot programs for buying loans for manufactured homes. These programs will focus on personal property loans, which are loans for homes that are not permanently attached to the land.

Sponsored By

Jeff Merkley
Democrat · Oregon · Senate

Bill Journey

  1. Jun 17, 2026
  2. Jun 17, 2026You Are Here

    The committee will review the bill, debate amendments, and vote on whether to advance it to the full chamber.

  3. TBD

    The full chamber debates the bill, may amend it, and votes on whether to pass it.

  4. TBD

    If passed by the first chamber, the other chamber considers, may amend, and votes on the bill.

  5. TBD

    If passed by both chambers, the bill goes to the President to sign into law or veto.

Why It Matters

This bill affects people who buy or own manufactured homes, particularly those who do not own the land their home is on, by potentially making it easier for them to get loans. It may also impact lenders and the manufactured housing industry by creating new loan purchase programs.

Impact Areas

Sample
Addresses Supply
Targets an underlying shortage driving costs.
Supports Families
Aimed at easing pressure on working households.
Long-term Impact
Effects compound across multiple budget cycles.
Expands Access
Lowers barriers for first-time participants.

Support & Opposition

Sponsor & cosponsor support by party
1backer
  • Democratic1
Cross-party cosponsors0 · 0%

Documents

1

Full text opens on congress.gov, the official source.

Bill Details

Bill TypeSenate Bill · Federal
Primary TopicMoney & Economy
CommitteeCommittee on Banking
IntroducedJun 17, 2026
Last UpdatedJun 17, 2026
Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Subjects
  • Economy
  • Housing

Summary and impact analysis written by Judy (KnowGov's enrichment AI). Bill metadata, status, sponsor, and any floor votes from Prism. Sections marked “Sample” are placeholders not yet connected to live data.