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S. 470119th CongressIn committeeLatest action Feb 6, 2025Decoded by AI · checked against the record
The plain-language version leads. The official text is always the reference.
S 470 would repeal the CARES Act's 30-day eviction notice rule for federally backed rental properties.
35-second read · 4 questions answered below
This bill removes the CARES Act requirement that landlords of certain federally backed rental properties give tenants at least 30 days' notice before eviction for nonpayment of rent. Notice periods would instead be governed entirely by state and local law.
This affects tenants living in properties with federally backed mortgages, such as those insured by the FHA or backed by Fannie Mae or Freddie Mac, and the landlords who own those properties.
Without the federal rule, notice periods before eviction proceedings would vary by state or locality, potentially giving some tenants shorter notice while giving landlords more flexibility to follow only state and local timelines.
AI-drafted summary. Verify it against the official text before you act on it. Read the official bill on Congress.gov
Right now: a Senate committee is reviewing it. If the House changes it, it goes back to the Senate before reaching the President.
Latest action: — Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.