# 119-s-4861: Housing Financial Literacy Act of 2026

119-s-4861, Housing Financial Literacy Act of 2026, is a 119th Congress bill sponsored by Sen. Peters, Gary C. [D-MI] (D-MI); status introduced; PRIA reads it as touching household money (as of 2026-07-10).

- Canonical: https://policyrisk.com/legislation/119-s-4861
- As of: 2026-07-10
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-4861
- Congress: 119
- Title: Housing Financial Literacy Act of 2026
- Status: introduced
- Introduced: 2026-06-23
- Sponsor: Sen. Peters, Gary C. [D-MI] (D-MI)
- Cosponsors: 1
- Policy area: Finance and Financial Sector
- Touches household money: yes
- Last recorded action: 2026-07-10

## Summary

**0.25 percentage-point mortgage insurance discount for first-time FHA buyers who complete housing counseling.** The Housing Financial Literacy Act of 2026 would amend the National Housing Act so first-time homebuyers who finish a required financial literacy housing counseling program before signing a mortgage application or a sales agreement get a 25 basis point reduction in the FHA single-family mortgage insurance premium relative to the standard premium set by the Secretary.

## Cosponsors (1)

- Sen. Cornyn, John [R-TX] (R-TX), 2026-06-23T00:00:00.000Z

## Provisions PRIA read

- Lower FHA mortgage insurance for first-time buyers: benefit, medium. You would pay 0.25 percentage points (25 basis points) less in FHA mortgage insurance on a Title II single-family loan. You would need to be a first-time homebuyer. You would need to finish a housing counseling program before signing a mortgage application or a sales agreement. The discount equals…

## Related bills

- 119-s-1071: National Defense Authorization Act for Fiscal Year 2026
- 119-s-5022: Cannabis Administration and Opportunity Act
- 119-s-2975: PIPELINE Safety Act of 2025
- 119-s-1748: Kids Online Safety Act
- 119-s-93: Harmful Algal Bloom and Hypoxia Research and Control Amendments Act of 2025
- 119-s-5283: Momnibus Act

## Sources
- [119-s-4861 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/4861)

## Related
- [119-s-1071: National Defense Authorization Act for Fiscal Year 2026](https://policyrisk.com/legislation/119-s-1071)
- [119-s-5022: Cannabis Administration and Opportunity Act](https://policyrisk.com/legislation/119-s-5022)
- [119-s-2975: PIPELINE Safety Act of 2025](https://policyrisk.com/legislation/119-s-2975)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-93: Harmful Algal Bloom and Hypoxia Research and Control Amendments Act of 2025](https://policyrisk.com/legislation/119-s-93)
- [119-s-5283: Momnibus Act](https://policyrisk.com/legislation/119-s-5283)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-4861 (as of 2026-07-10).