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HR 6500 114th Congress House Housing and Community Development Congressional oversight Financial services and investments Government corporations and government-sponsored enterprises Housing finance and home ownership Interest, dividends, interest rates Real estate business Securities

Moving Housing Forward Act of 2016

Introduced: December 8, 2016 See on congress.gov
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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
Dec 8, 2016
Introduced in House
Dec 8, 2016
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.
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 Plain-English summary Congressional Research Service

Moving Housing Forward Act of 2016

This bill directs the Federal Housing Finance Agency (FHFA) to require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to establish a pilot program that shares with the private sector the credit risk on a pool of single-family residential mortgage loans that back securities on which Fannie Mae and Freddie Mac guarantee the timely payment of principal and interest.

The bill expresses the sense of Congress that credit risk transfer transactions should be encouraged that: (1) reduce taxpayer exposure to credit risk assumed by Fannie Mae and Freddie Mac, and (2) do not expose Fannie Mae and Freddie Mac to excessive counterparty risk that persons contractually obligated to them will fail to perform their obligations.

After the pilot program is executed for three years, the FHFA must examine the economics of developing it into a continuous risk sharing program.

What's happening now December 8, 2016

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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Democratic 1
D
Himes, James A.
Connecticut · Dec 8, 2016
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6500: Moving Housing Forward Act of 2016. 114th Congress. Open America. https://openamerica.io/bill/114-HR-6500/
MLA
"H.R. 6500: Moving Housing Forward Act of 2016." 114th Congress, 2026, Open America, https://openamerica.io/bill/114-HR-6500/.
Bluebook (legal)
H.R. 6500, 114th Cong. (2026), https://openamerica.io/bill/114-HR-6500/.
Markdown link
[H.R. 6500: Moving Housing Forward Act of 2016](https://openamerica.io/bill/114-HR-6500/)
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