This bill is currently in the early stages of the legislative process after being sent to the Senate Committee on Banking, Housing, and Urban Affairs for review. It is actively moving through the system, but no future votes or hearings have been scheduled yet. There is no companion bill listed for this legislation at this time.
Legislative Progress
Senate
House
President
Law
Unlikely to pass
Most bills introduced by a single senator without a large group of cosponsors fail to move past the committee stage.
Key Points
This bill changes federal law to treat home equity investment loans just like regular home mortgages. This means companies offering these products must follow the same transparency and consumer protection rules as banks.
A home equity investment loan is a deal where a homeowner gets cash now in exchange for giving a company a share of their home's future value. These are often marketed as alternatives to traditional loans but can be confusing for homeowners.
The Consumer Financial Protection Bureau would be responsible for making sure these companies follow the rules. If a company breaks the law, homeowners would have the right to sue for damages, just as they can with other types of loans.
Sen. Merkley argues that these rules are necessary because some companies use these investments to avoid the strict regulations that apply to standard home equity loans. The bill aims to close this loophole and ensure homeowners are treated fairly.
Impact Analysis
Govbase has not yet run an impact analysis on this legislation.
Milestones
2 milestones2 actions
Jun 17, 2026Senate
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sent to a congressional committee for expert review. The committee decides whether this bill moves forward.
Jun 17, 2026
Introduced in Senate
The bill was officially filed and given a number. It now enters the legislative queue.
No votes, news coverage, or related bills recorded for this bill yet.
Source Information
Document Type
Congressional Bill
Official Title
Home Equity Lending Integrity Act
Bill NumberS 4803
Congress119th Congress
ChamberSenate
Latest ActionRead twice and referred to the Committee on Banking, Housing, and Urban Affairs.
