# 119-s-2471: 21st Century Mortgage Act of 2025

119-s-2471, 21st Century Mortgage Act of 2025, is a 119th Congress bill sponsored by Sen. Lummis, Cynthia M. [R-WY] (R-WY); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-2471
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-2471
- Congress: 119
- Title: 21st Century Mortgage Act of 2025
- Status: introduced
- Introduced: 2025-07-28
- Sponsor: Sen. Lummis, Cynthia M. [R-WY] (R-WY)
- Cosponsors: 0
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2025-12-21

## Summary

**Allowing certain digital assets to count as borrower reserves for mortgages** would direct government‑sponsored enterprises to treat qualifying crypto holdings as part of a borrower’s reserves in single‑family mortgage risk assessments. The bill defines which digital assets qualify and how custody must be structured.

## Provisions PRIA read

- Count digital assets as mortgage reserves: mixed, medium. If enacted, you would be able to count qualifying digital assets as part of your reserves for a single-family mortgage. To qualify, holdings must be kept in a qualified custodial arrangement governed under U.S. law. You would not have to convert the assets to U.S. dollars to count them. Fannie Mae…

## Related bills

- 119-s-4952: Protecting American Taxpayers Act
- 119-s-5616: ADAPT Act
- 119-s-4378: Protecting American Taxpayers Act
- 119-s-1748: Kids Online Safety Act
- 119-s-4280: SAFE Act
- 119-s-4082: Government Surveillance Reform Act of 2026

## Sources
- [119-s-2471 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/2471)

## Related
- [119-s-4952: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4952)
- [119-s-5616: ADAPT Act](https://policyrisk.com/legislation/119-s-5616)
- [119-s-4378: Protecting American Taxpayers Act](https://policyrisk.com/legislation/119-s-4378)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-4280: SAFE Act](https://policyrisk.com/legislation/119-s-4280)
- [119-s-4082: Government Surveillance Reform Act of 2026](https://policyrisk.com/legislation/119-s-4082)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-2471 (as of 2025-12-21).