HR 3901
113th Congress
House
Housing and Community Development
Bankruptcy
Budget deficits and national debt
Government corporations and government-sponsored enterprises
Government trust funds
Housing and community development funding
Housing finance and home ownership
Pay Back the Taxpayers Act of 2014
Introduced: January 16, 2014
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 16, 2014
Referred to the House Committee on Financial Services.
Jan 16, 2014
Introduced in House
Plain-English summary
Pay Back the Taxpayers Act of 2014 - Prohibits the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs), during the term of any conservatorship or receivership, from making any contribution or transfer to, or allocating or setting aside any amounts for, the Housing Trust Fund or the Capital Magnet Fund.
Requires any amounts paid or repaid to the Secretary of the Treasury by a GSE in any form, during any conservatorship or receivership of the GSE, to be covered into the General Fund of the Treasury and used only for reducing the federal budget deficit.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1