119-hr4374

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 4374 Introduced in House

    (IH) ]

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119th CONGRESS
 1st Session
 H. R. 4374

 To require agencies to update mortgage underwriting programs, 
 guidelines, standards, and systems to require lenders to consider, in 
 the mortgage credit evaluation process, any amounts a borrower has in 
 any brokerage account associated with a cryptocurrency exchange.

_______________________________________________________________________

 IN THE HOUSE OF REPRESENTATIVES

 July 14, 2025

 Ms. Mace introduced the following bill; which was 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

_______________________________________________________________________

 A BILL

 To require agencies to update mortgage underwriting programs, 
 guidelines, standards, and systems to require lenders to consider, in 
 the mortgage credit evaluation process, any amounts a borrower has in 
 any brokerage account associated with a cryptocurrency exchange.

 Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

 This Act may be cited as the ``American Homeowner Crypto 
Modernization Act of 2025''.

SEC. 2. CONSIDERATION OF CRYPTOCURRENCY EXCHANGE BROKERAGE ACCOUNT 
 AMOUNTS.

    (a) In General.--Not later than the expiration of the 24-month 
period beginning on the date of the enactment of this Act, each head of 
a covered agency shall, update the automated mortgage underwriting 
programs, guidelines, standards, and systems of such covered agency in 
a manner to require participating mortgage lenders to consider, in the 
mortgage credit evaluation process, the value of any digital assets a 
borrower has in any brokerage account associated with a cryptocurrency 
exchange.

    (b) 

=== Definitions. ===
-In this section:

    (1) Covered agency.--The term ``covered agency'' means--
        (A) the Department of Housing and Urban 
 Development;
        (B) the Department of Agriculture;
            (C) the Department of Veterans Affairs; and
            (D) the Federal Housing Finance Agency, except that 
 any requirement imposed by this section on such Agency 
 or the Director of such Agency shall be treated as a 
 requirement with respect to the mortgage underwriting 
 programs or systems of the Federal National Mortgage 
 Association and the Federal Home Loan Mortgage 
 Corporation, to be imposed and enforced pursuant to the 
 authority of such Director and Agency to supervise and 
 regulate such enterprises.

    (2) Digital asset.--The term ``digital asset'' means any 
 digital representation of value which is recorded on a 
 cryptographically secured distributed ledger or other similar 
 technology.
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