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HR 491 115th Congress House

Let the GSEs Pay Us Back Act of 2017

Official title: To provide for the repayment of amounts borrowed by Fannie Mae and Freddie Mac from the Treasury of the United States, together with interest, over a 30-year period, and for other purposes.

Introduced: January 12, 2017 See on congress.gov
Finance and Financial Sector Financial crises and stabilizationGovernment corporations and government-sponsored enterprisesGovernment lending and loan guaranteesHousing finance and home ownership
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Interest, dividends, interest ratesSecurities
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This bill died when the 115th Congress ended
It never became law before the 115th Congress (2017–2018) 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 12, 2017
Referred to the House Committee on Financial Services.
Jan 12, 2017
Introduced in House
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 Latest action January 12, 2017

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Let the GSEs Pay Us Back Act of 2017

This bill provides for the repayment of amounts previously borrowed by government-sponsored enterprises (GSEs) from the Department of the Treasury. GSEs are financial services corporations created by Congress and include the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac).

Under an existing Preferred Stock Purchase Agreement, net income from the GSEs is directed to Treasury as a dividend but is not counted toward repayment of the GSEs' debt. The bill requires this agreement to be modified such that: (1) the amounts previously borrowed by the GSEs from Treasury shall be treated as a loan, in accordance with specified terms; and (2) payments made under the agreement by the GSEs to Treasury, including payments made prior to the agreement's modification, shall be treated as payments of principal and interest under such loan.

 Related & companion bills 1
  • HR 1036 Reintroduction of Let the GSEs Pay Us Back Act of 2015
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 491: Let the GSEs Pay Us Back Act of 2017. 115th Congress. Open America. https://openamerica.io/bill/115-HR-491/
MLA
"H.R. 491: Let the GSEs Pay Us Back Act of 2017." 115th Congress, 2026, Open America, https://openamerica.io/bill/115-HR-491/.
Bluebook (legal)
H.R. 491, 115th Cong. (2026), https://openamerica.io/bill/115-HR-491/.
Markdown link
[H.R. 491: Let the GSEs Pay Us Back Act of 2017](https://openamerica.io/bill/115-HR-491/)
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