Press Releases

House Committee on Financial Services Chairman French Hill (AR-02) issued the following statement after President Trump 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):

“I’m pleased to see President Trump signed the bipartisan Homebuyers Privacy Protection Act into law. I also want to thank Reps. Rose and Torres for their tireless work on this issue over the last two Congresses. This important bill protects homebuyers’ personal financial information, while encouraging competition and choice in the mortgage market.”

Further Background:

When a prospective homebuyer applies for a mortgage, it can “trigger” the sale of their personal information to other lenders – often without their express knowledge or consent. This is known as a “trigger lead.”

The Homebuyers Privacy Protection Act modernizes the system by putting clear, commonsense guardrails around the sale of trigger leads.

• The bill passed out of the Financial Services Committee by 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.