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HR 574 114th Congress House

Pay Back the Taxpayers Act of 2015

Official title: To prohibit contributions by Fannie Mae and Freddie Mac to the Housing Trust Fund and the Capital Market Fund while such enterprises are in conservatorship or receivership, and for other purposes.

Introduced: January 27, 2015 See on congress.gov
Housing and Community Development BankruptcyBudget deficits and national debtGovernment corporations and government-sponsored enterprisesGovernment trust funds
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Housing and community development fundingHousing finance and home ownership
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This bill died when the 114th Congress ended
It never became law before the 114th Congress (2015–2016) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 27, 2015
Referred to the House Committee on Financial Services.
Jan 27, 2015
Introduced in House
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 Latest action January 27, 2015

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Pay Back the Taxpayers Act of 2015

Prohibits the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs), after enactment of this Act and 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 set aside by a GSE, before enactment of this Act, for either Trust Fund but not yet allocated or transferred to it, not to be so allocated or transferred but to be covered into the General Fund of the Treasury and used only for reducing the federal budget deficit.

Requires any amounts paid or repaid to the Secretary of the Treasury by a GSE, in any form after enactment, and during any conservatorship or receivership of the GSE, to be covered into the General Fund and for the same purpose only.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 7
All 7 Republican 6
R
Hill, J. French
Arkansas · Jan 30, 2015
McHenry, Patrick
· Jan 30, 2015
 R
Barr, Andy
Kentucky · Jan 27, 2015
 R
Huizenga, Bill
Michigan · Jan 27, 2015
 R
Lucas, Frank D.
Oklahoma · Jan 27, 2015
 R
Stutzman, Marlin A.
Indiana · Jan 27, 2015
 R
Williams, Roger
Texas · Jan 27, 2015
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 574: Pay Back the Taxpayers Act of 2015. 114th Congress. Open America. https://openamerica.io/bill/114-HR-574/
MLA
"H.R. 574: Pay Back the Taxpayers Act of 2015." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-574/.
Bluebook (legal)
H.R. 574, 114th Cong. (2026), https://openamerica.io/bill/114-HR-574/.
Markdown link
[H.R. 574: Pay Back the Taxpayers Act of 2015](https://openamerica.io/bill/114-HR-574/)
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