Bipartisan Homebuyers Privacy Protection Act Signed into Law

Strategic Insights -

The U.S. House of Representatives Committee on Financial Services announced that President Trump has signed into law the bipartisan bill, H.R. 2808, Home Buyers Privacy Protection Act, authored by Committee members Rep. John Rose (TN-06) and Rep. Ritchie Torres (NY-15). The bill aims to protect homebuyers' personal financial information while promoting competition and choice in the mortgage market. Chairman French Hill (AR-02) praised the bill's passage and thanked Reps. Rose and Torres for their tireless work on the issue over the last two Congresses.

Key Takeaways:

  • The Homebuyers Privacy Protection Act was authored by Rep. John Rose (TN-06) and Rep. Ritchie Torres (NY-15) and passed out of the Financial Services Committee with a unanimous vote of 46-0 on June 10, 2025.
  • The bill aims to put clear, commonsense guardrails around the sale of "trigger leads," which can occur when a prospective homebuyer applies for a mortgage without their express knowledge or consent.
  • The bill passed the House of Representatives by voice vote on June 23, 2025, and the Senate by unanimous consent on August 2, 2025.
  • The bill will protect homebuyers' personal financial information while promoting competition and choice in the mortgage market.
  • Chairman French Hill (AR-02) praised the bill's passage and thanked Reps. Rose and Torres for their work on the issue over the last two Congresses.
  • The bill provides a modernized system for the sale of trigger leads, ensuring that homebuyers are aware of and consent to the sale of their personal information.

Statistics:

  • The bill passed out of the Financial Services Committee with a unanimous vote of 46-0 on June 10, 2025.
  • The bill passed the House of Representatives by voice vote on June 23, 2025.
  • The bill passed the Senate by unanimous consent on August 2, 2025.
  • The bill was signed into law by President Trump.

Sources:

  • House Committee on Financial Services press release, "Chairman French Hill Statement on President Trump Signing the Homebuyers Privacy Protection Act"
  • H.R. 2808, Home Buyers Privacy Protection Act