{"database": "press", "table": "releases", "rows": [["https://beatty.house.gov/media-center/press-releases/beatty-reintroduces-bipartisan-bill-to-educate-first-time-homebuyers-and-promote-housing-affordability", "Beatty Reintroduces Bipartisan Bill to Educate First Time Homebuyers and Promote Housing Affordability", "2025-11-21", "2025", "2025-11", "Democrat", "House", "OH", "Joyce Beatty", "B001281", "beatty.house.gov", "beatty", "https://beatty.house.gov/media-center/press-releases", "scraper", "WASHINGTON D.C. \u2013 U.S. Congresswoman Joyce Beatty (D-OH-03) and Congressman Mike Carey (R-OH-15) recently reintroduced the Housing Financial Literacy Act of 2025, H.R.6125, legislation aimed at financially educating families purchasing their first home. Specifically, the bill would give first-time homebuyers who complete a Department of Housing and Urban Development (HUD)-certified counseling course a discount of 25 basis points (0.25%) on their Federal Housing Administration (FHA) mortgage insurance premium.\n\n\u201cPurchasing a home is one of the most consequential\u2014and complex\u2014financial decisions Americans will make in their lifetimes,\u201d said Congresswoman Beatty. \u201cThat\u2019s why it\u2019s integral that first-time homebuyers develop key financial skills before committing to a mortgage that will affect their household finances for decades. This bipartisan, commonsense bill promotes housing affordability and incentivizes homebuyers to educate themselves and prepare for the financial realities of owning a home.\u201d\n\n\u201cI am proud to join Rep. Beatty on this bipartisan legislation to provide more educational resources for first-time homebuyers. Improved financial literacy paired with a deduction on an insurance premium will not only help bring the price of home ownership down, it will also lower the default rate and reduce the frequency of late payments. Home ownership is an important pillar of the American Dream, and increased financial literacy will help Ohioans and Americans across the country fulfill it,\u201d Rep. Carey said.\n\nStudies confirm that homebuyers who receive pre-purchase housing counseling are nearly one-third less likely to fall behind on their mortgage and thereby face a reduced risk of foreclosure.\n\nAs Co-Chair of the bipartisan Financial Literacy and Wealth Creation Caucus, Congresswoman Beatty has championed financial literacy efforts throughout her tenure in Congress. She continues to work across the aisle to promote initiatives that equip the next generation \u2013 and all Americans \u2013 with the financial skills and knowledge they need to succeed and thrive. Additionally, as a proud member of the House Committee on Financial Services, Congresswoman Beatty advocates for housing solutions that increase the supply of affordable housing and ensure that all American families can realize the dream of homeownership.\n\nReps. Beatty and Carey were joined by Reps. Alma S. Adams (NC-12), Sanford D. Bishop (GA-02), Andr\u00e9 Carson (IN-07), Ed Case (HI-01), Yvette D. Clarke (NY-09), Emanuel Cleaver (MO-05), Steve Cohen (TN-09), Angie Craig (MN-02), Donald G. Davis (NC-01), Dwight Evans (PA-03), Cleo Fields (LA-06), Jahana Hayes (CT-05), Henry C. \u201cHank\u201d Johnson (GA-04), Julie Johnson (TX-32), Robin L. Kelly (IL-02), Raja Krishnamoorthi (IL-08), John W. Mannion (NY-22), Sarah McBride (DE-At Large), Gregory W. Meeks (NY-05), Gwen Moore (WI-04), Kevin Mullin (CA-15), Eleanor Holmes Norton (DC-At Large), David Scott (GA-13), Adam Smith (WA-09), Haley Stevens (MI-11), Shri Thanedar (MI-13), Bennie G. Thompson (MS-02), and Jill N. Tokuda (HI-02) in introducing H.R. 6125.\n\nThe full bill text can be found HERE.\n\n###", 1, "2026-03-30T01:40:41Z", "2026-04-06T19:52:45Z"]], "columns": ["url", "title", "date", "year", "month", "party", "chamber", "state", "member_name", "bioguide_id", "domain", "scraper", "source", "date_source", "text", "has_text", "collected_at", "updated_at"], "primary_keys": ["url"], "primary_key_values": ["https://beatty.house.gov/media-center/press-releases/beatty-reintroduces-bipartisan-bill-to-educate-first-time-homebuyers-and-promote-housing-affordability"], "units": {}, "query_ms": 1.4737742021679878, "source": "dwillis/congress-press", "source_url": "https://github.com/dwillis/congress-press", "license": "MIT", "license_url": "https://github.com/dwillis/congress-press/blob/main/LICENSE"}