S. 4944, also known as the “Access to Homeownership Act,” requires multifamily landlords with federally backed mortgage loans to report their tenants' positive rental payments to certain consumer reporting agencies. This allows tenants' good rent payment histories to appear...
Simple Explanation
The bill wants landlords who have special loans for their buildings to tell certain companies when people pay their rent on time, but only if the renters say it's okay. This would help the renters show they're good at paying bills, making it easier for them to get a house loan in the future.