To amend the Housing and Urban Development Act of 1968 to provide reforms to housing counseling and financial literacy programs.

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 6726 Introduced in House (IH)] <DOC> 119th CONGRESS 1st Session H. R. 6726 To amend the Housing and Urban Development Act of 1968 to provide reforms to housing counseling and financial literacy programs. _______________________________________________________________________ IN THE HOUSE OF REPRESENTATIVES December 15, 2025 Mr. David Scott of Georgia (for himself, Mrs. Beatty, and Mr. Fields) introduced the following bill; which was referred to the Committee on Financial Services _______________________________________________________________________ A BILL To amend the Housing and Urban Development Act of 1968 to provide reforms to housing counseling and financial literacy programs. Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. REFORMS TO HOUSING COUNSELING AND FINANCIAL LITERACY PROGRAMS. (a) In General.--Section 106 of the Housing and Urban Development Act of 1968 (12 U.S.C. 1701x) is amended-- (1) in subsection (a)(4)(C), by striking ``adequate distribution'' and all that follows through ``foreclosure rates'' and inserting ``that the recipients are geographically diverse and include organizations that serve urban or rural areas''; (2) in subsection (e), by adding at the end the following: ``(6) Performance review.--The Secretary-- ``(A) may conduct periodic on-site reviews; and ``(B) shall conduct performance reviews of all participating agencies that-- ``(i) consist of a review of the participating agency's compliance with all program requirements; and ``(ii) may take into account the agency's aggregate counselor performance under paragraph (7)(B). ``(7) Considerations.-- ``(A) Covered mortgage loan defined.--In this paragraph, the term `covered mortgage loan' means any loan which is secured by a first or subordinate lien on residential real property (including individual units of condominiums and c