To protect American taxpayers and homeowners by creating a sustainable housing finance system for the 21st century, and for other purposes.
USA115th CongressHR-6746| House
| Updated: 9/7/2018
Jeb Hensarling
Republican Representative
Texas
Ways and Means Committee, Financial Services Committee
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Protecting American Taxpayers and Homeowners Act of 2018 This bill revises provisions related to housing finance, mortgage-backed securities, and government-sponsored enterprises. Among other things, the bill: abolishes the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae), effective five years after the bill's enactment; makes both the Government National Mortgage Association (Ginnie Mae) and the Federal Housing Administration (FHA) independent of the Department of Housing and Urban Development (HUD); transfers certain functions from HUD and the Department of Agriculture to the FHA and otherwise revises the FHA's authority; and establishes a mortgage-backed security market exchange and covered bond program.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Housing and Community Development
Administrative law and regulatory proceduresAdvisory bodiesBanking and financial institutions regulationBusiness recordsComputers and information technologyCongressional oversightConsumer Financial Protection BureauCredit and credit marketsExecutive agency funding and structureFederally chartered organizationsFederal officialsFederal Reserve SystemFraud offenses and financial crimesGovernment corporations and government-sponsored enterprisesGovernment employee pay, benefits, personnel managementGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsHousing and community development fundingHousing finance and home ownershipHousing industry and standardsInterest, dividends, interest ratesJudicial review and appealsLicensing and registrationsLife, casualty, property insurancePerformance measurementPublic contracts and procurementRural conditions and developmentSecuritiesState and local taxationTax administration and collection, taxpayersTax-exempt organizationsTransfer and inheritance taxesUser charges and fees
To protect American taxpayers and homeowners by creating a sustainable housing finance system for the 21st century, and for other purposes.
USA115th CongressHR-6746| House
| Updated: 9/7/2018
Protecting American Taxpayers and Homeowners Act of 2018 This bill revises provisions related to housing finance, mortgage-backed securities, and government-sponsored enterprises. Among other things, the bill: abolishes the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae), effective five years after the bill's enactment; makes both the Government National Mortgage Association (Ginnie Mae) and the Federal Housing Administration (FHA) independent of the Department of Housing and Urban Development (HUD); transfers certain functions from HUD and the Department of Agriculture to the FHA and otherwise revises the FHA's authority; and establishes a mortgage-backed security market exchange and covered bond program.
View Full TextSuggested Questions
Get AI-generated questions to help you understand this bill better
Timeline
Introduced in House
Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Jeb Hensarling
Republican Representative
Texas
Ways and Means Committee, Financial Services Committee
Housing and Community Development
Related Bills
- Introduced
- In Committee
- On Floor
- Passed Chamber
- Enacted
Administrative law and regulatory proceduresAdvisory bodiesBanking and financial institutions regulationBusiness recordsComputers and information technologyCongressional oversightConsumer Financial Protection BureauCredit and credit marketsExecutive agency funding and structureFederally chartered organizationsFederal officialsFederal Reserve SystemFraud offenses and financial crimesGovernment corporations and government-sponsored enterprisesGovernment employee pay, benefits, personnel managementGovernment information and archivesGovernment lending and loan guaranteesGovernment studies and investigationsHousing and community development fundingHousing finance and home ownershipHousing industry and standardsInterest, dividends, interest ratesJudicial review and appealsLicensing and registrationsLife, casualty, property insurancePerformance measurementPublic contracts and procurementRural conditions and developmentSecuritiesState and local taxationTax administration and collection, taxpayersTax-exempt organizationsTransfer and inheritance taxesUser charges and fees