H.R. 5387

119th CONGRESS 1st Session

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.

IN THE HOUSE OF REPRESENTATIVES · September 16, 2025 · Sponsor: Mr. Alford

Table of contents

• H.R. 5387
  • SEC. 1. Short title
  • SEC. 2. Memorandum of understanding
  • SEC. 3. Interagency report

SEC. 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:
  • Report
    • Federal housing finance programs and coordination.
    • Opportunities to lower mortgage origination and servicing costs by aligning program underwriting and servicing standards to the greatest extent possible.
    • Housing construction costs, production barriers, and development incentives.
    • Local regulatory barriers to housing production.
    • Insurance costs and availability affecting housing markets.
    • Down payment assistance and housing transaction incentives.
    • Disaster resilience and housing recovery coordination.
• (b) Definitions
  • In this section:
    • The term appropriate committees means—
    • 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.