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New Bill: Representative Mark Alford introduces H.R. 5387: Saving the American Dream Act

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We have received text from H.R. 5387: Saving the American Dream Act. This bill was received on 2025-09-16, and currently has 15 cosponsors.

Here is a short summary of the bill:

This bill, known as the Saving the American Dream Act , aims to enhance the coordination and effectiveness of federal housing policies. It requires heads of specific federal agencies to collaborate on housing-related research and policy-making.

Key Provisions

Memorandum of Understanding

The bill mandates that within one year of its enactment, leaders from the following federal agencies must establish a memorandum of understanding :

  • Department of Housing and Urban Development (HUD)
  • Department of Agriculture
  • Department of Veterans Affairs
  • Department of the Treasury
  • Federal Housing Finance Agency (FHFA)

The purpose of this agreement is to facilitate the sharing and coordination of housing research and data to support policies that are grounded in evidence and best practices.

Interagency Report

The involved agency heads are required to submit a report within one year of the bill's enactment. This report will include:

  • Policies to improve federal housing finance programs and enhance inter-agency coordination.
  • Proposals to reduce mortgage origination and servicing costs by aligning standards across programs.
  • Insights into the costs of housing construction, production barriers, and incentives for development.
  • Analysis of local regulatory barriers that affect housing production.
  • Considerations of insurance costs and availability that impact housing markets.
  • Recommendations for down payment assistance and incentives related to housing transactions.
  • Strategies for disaster resilience and coordination in housing recovery efforts.

Definition of Key Terms

Within the bill, specific terminology is defined to clarify the responsibilities of the involved parties:

  • Appropriate Committees: Refers to the relevant Senate and House committees that will oversee housing and veterans' affairs.
  • Covered Agency Head: Refers to the leaders of the aforementioned federal agencies who will work together under the provisions of this bill.

Purpose and Goals

The overarching aim of the Saving the American Dream Act is to foster improved housing policies that are informed by comprehensive research and data-sharing among federal agencies. This collaboration is intended to address various challenges in the housing market, streamline processes, and ultimately support efforts to make housing more accessible and affordable for Americans.

Relevant Companies

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Representative Mark Alford Bill Proposals

Here are some bills which have recently been proposed by Representative Mark Alford:

  • H.R.5387: Saving the American Dream Act
  • H.R.4832: Biomanufacturing and Jobs Act of 2025
  • H.R.4153: Supporting Trade and Rebuilding Opportunity for National Growth Act
  • H.R.3618: American Land and Property Protection Act
  • H.R.3388: Preventing Elected Leaders from Owning Securities and Investments (PELOSI) Act
  • H.R.2027: Returning SBA to Main Street Act of 2025

You can track bills proposed by Representative Mark Alford on Quiver Quantitative's politician page for Alford.

Representative Mark Alford Net Worth

Quiver Quantitative estimates that Representative Mark Alford is worth $453.1K, as of September 27th, 2025. This is the 400th highest net worth in Congress, per our live estimates.

Alford has approximately $292.1K invested in publicly traded assets which Quiver is able to track live.

You can track Representative Mark Alford's net worth on Quiver Quantitative's politician page for Alford.

This article is not financial advice. See Quiver Quantitative's disclaimers for more information.

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