releases: https://loudermilk.house.gov/news/DocumentSingle.aspx?DocumentID=3564
Data license: MIT · Data source: dwillis/congress-press
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| url | title | date | year | month | party | chamber | state | member_name | bioguide_id | domain | scraper | source | date_source | text | has_text | collected_at | updated_at |
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| https://loudermilk.house.gov/news/DocumentSingle.aspx?DocumentID=3564 | Bill to Help Non-Profit Organizations Goes to President Trumps Desk to be Signed | 2020-12-31 | 2020 | 2020-12 | Republican | House | GA | Barry Loudermilk | L000583 | loudermilk.house.gov | legacy | Rep. Barry Loudermilk (R-Ga) issued the following statement after the Senate and House of Representatives passed his bill, the Building Up Independent Lives and Dreams (BUILD) Act: share: f t Rep. Barry Loudermilk (R-Ga) issued the following statement after the Senate and House of Representatives passed his bill, the Building Up Independent Lives and Dreams (BUILD) Act:It's great to see the BUILD Act on its way to the president's desk to be signed into law. The bipartisan support for this bill was overwhelming; and it's clear that many of my colleagues agree we should make it easier for charitable organizations to help those in need. This bill is a major help for non-profits, like Habitat for Humanity, which provide low-cost housing for needy families. The BUILD Act cuts government red-tape by reducing some of the overly burdensome regulations placed on charities through the Dodd-Frank Act. The difficulty and cost of compliance has been too much for some non-profits, causing them to spend more time doing regulatory paperwork and less time fulfilling their missions. The BUILD Act recognizes that these non-profit organizations operate under different business models than traditional financial institutions, and provides a simpler method for providing mortgage disclosures. Summary of the BUILD Act (S. 371): Allows Habitat for Humanity affiliates, and similar organizations, to choose whether to use the TRID loan estimate and closing disclosure form or use the less complex GFE, HUD-1, and TILA forms. You can view the text of this legislation by HERE. | 1 | 2026-03-30T12:14:52Z | 2026-03-30T12:14:52Z |