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HR 5387
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Saving the American Dream Act

To require certain covered agency heads to enter an memorandum of understanding and submit a report with respect to certain housing policy issues, and for other purposes.

Introduced Sep 16, 2025

Latest action (Oct 1, 2025) Referred to the Subcommittee on Economic Opportunity.

Referred to
Veterans' Affairs Committee Financial Services Committee
Policy area
Housing and Community Development

Summary

This bill requires five federal agencies—the Departments of Housing and Urban Development, Agriculture, Veterans Affairs, Treasury, and the Federal Housing Finance Agency—to establish a memorandum of understanding within one year to share and coordinate housing-related research and market data. The agencies must also jointly submit a report to Congress within one year outlining policy proposals to address federal housing finance programs, mortgage costs, housing construction barriers, local regulatory obstacles, insurance costs, down payment assistance, and disaster recovery coordination. The bill aims to facilitate evidence-based policymaking on housing issues through interagency coordination and planning.

AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.

Sponsor (1)
38 cosponsors

Actions (3)
  1. Oct 1, 2025 Referred to the Subcommittee on Economic Opportunity. · house
  2. Sep 16, 2025 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. · house
  3. Sep 16, 2025 Introduced in House

Similar bills (6)

Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.

  • S 3962 — Housing and Economic Development Act · Introduced Mar 2, 2026 · Cong. 119 80%
  • HR 9733 — Interagency Council on Affordable Housing Act of 2026 · Introduced Jul 16, 2026 · Cong. 119 78%
  • HR 6337 — ROAD to Housing Act of 2025 · Introduced May 20, 2026 · Cong. 119 78%
  • HR 6644 — 21st Century ROAD to Housing Act · Became Law Jul 11, 2026 · Cong. 119 76%
  • HR 4266 — Housing for US Act · Introduced Jun 30, 2025 · Cong. 119 76%
  • S 3464 — Housing BOOM Act · Introduced Dec 11, 2025 · Cong. 119 74%

Text versions (1)
  • Introduced in House · Sep 16, 2025

Only one text version is on file, so there’s no earlier version to compare against yet.

Full text

IN THE HOUSE OF REPRESENTATIVES

September 16, 2025

Mr. Alford (for himself, Mr. Correa, Mr. Mann, Ms. Pettersen, Mr. Lawler, Mr. Riley of New York, Mr. Calvert, Mr. Wittman, Mr. Sherman, Mrs. Houchin, Ms. Craig, Ms. McBride, Mr. Subramanyam, Mr. Reschenthaler, and Mr. Garcia of California) 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 certain covered agency heads to enter an memorandum of understanding and submit a report with respect to certain housing policy issues, and for other purposes.

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 “Saving the American Dream Act”.

SEC. 2. MEMORANDUM OF UNDERSTANDING.

The Secretary of Housing and Urban Development, the Secretary of Agriculture, the Secretary of Veterans Affairs, the Secretary of the Treasury, and the Director of the Federal Housing Finance Agency shall, not later than 1 year after the date of the enactment of this section, establish a memorandum of understanding, or other appropriate interagency agreement, to share and coordinate relevant housing-related research and market data that facilities evidence-based policymaking.

SEC. 3. INTERAGENCY REPORT.

(a) Report.—Not later than 1 year after the date of enactment of this Act, the covered agency heads shall jointly submit a report to the appropriate committees that outlines policy proposals from the covered agency heads to address each of the following:

(1) Federal housing finance programs and coordination.

(2) Opportunities to lower mortgage origination and servicing costs by aligning program underwriting and servicing standards to the greatest extent possible.

(3) Housing construction costs, production barriers, and development incentives.

(4) Local regulatory barriers to housing production.

(5) Insurance costs and availability affecting housing markets.

(6) Down payment assistance and housing transaction incentives.

(7) Disaster resilience and housing recovery coordination.

(b) Definitions.—In this section:

(1) Appropriate committees.—The term “appropriate committees” means—

(A) the Committee on Banking, Housing, and Urban Affairs of the Senate;

(B) the Committee on Veterans’ Affairs of the Senate;

(C) the Committee on Finance of the Senate;

(D) the Committee on Financial Services of the House of Representatives;

(E) the Committee on Way and Means of the House of Representatives; and

(F) the Committee on Veterans’ Affairs of the House of Representatives.

(2) Covered agency head.—The term “covered agency head” means the Secretary of Housing and Urban Development, the Secretary of Agriculture, the Secretary of Veterans Affairs, the Secretary of the Treasury, and the Director of the Federal Housing Finance Agency. <all>

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