HR 5599
116th Congress
House
Housing and Community Development
Government corporations and government-sponsored enterprises
Government trust funds
Housing finance and home ownership
Housing supply and affordability
User charges and fees
Fulfilling the Promise of the Housing Trust Fund Act
Introduced: January 14, 2020
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 14, 2020
Referred to the House Committee on Financial Services.
Jan 14, 2020
Introduced in House
Plain-English summary
Fulfilling the Promise of the Housing Trust Fund Act
This bill specifies that amounts received from fee increases on mortgage-backed securities guaranteed by the Federal National Mortgage Association (Fannie Mae) or participation certificates guaranteed by the Federal Home Loan Mortgage Corporation (Freddie Mac) on or after October 1, 2021, must be deposited into the Housing Trust Fund, which is dedicated to producing and preserving affordable housing. Such amounts shall be available without further appropriation.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1