The purpose of this legislative proposal is to create a pilot program that will allow for an automated process to provide additional credit rating information for people applying for certain types of mortgages. This initiative aims to help those who may not have a strong credit history, making it easier for them to qualify for loans. Key provisions of the proposal include the establishment of a pilot program under the National Housing Act. This program will specifically focus on borrowers who choose to participate and opt into using additional credit information.