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S. 3040 117th Congress Senate

No GSE Subsidies for Investor Properties Act

Official title: A bill to prohibit Fannie Mae and Freddie Mac from purchasing or otherwise acquiring investor property loans, and for other purposes.

Introduced: October 21, 2021 See on congress.gov
Finance and Financial Sector
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This bill died when the 117th Congress ended
It never became law before the 117th Congress (2021–2022) 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
Oct 21, 2021
Introduced in Senate
Oct 21, 2021
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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 Latest action October 21, 2021

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

 Plain-English summary Congressional Research Service

No GSE Subsidies for Investor Properties Act

This bill prohibits government-sponsored enterprises (i.e., Fannie Mae and Freddie Mac) from purchasing or acquiring a mortgage secured by an investor property loan (i.e., a property comprised of 1-to-4 family dwelling units that is not the principal residence or a second home of the borrower) 18 months after the date of enactment. Further, these enterprises must implement a plan to gradually reduce the purchase and acquisition of such loans.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
Cite this page click to expand
APA
U.S. Congress. (2026). S. 3040: No GSE Subsidies for Investor Properties Act. 117th Congress. Open America. https://openamerica.io/bill/117-S-3040/
MLA
"S. 3040: No GSE Subsidies for Investor Properties Act." 117th Congress, 2026, Open America, https://openamerica.io/bill/117-S-3040/.
Bluebook (legal)
S. 3040, 117th Cong. (2026), https://openamerica.io/bill/117-S-3040/.
Markdown link
[S. 3040: No GSE Subsidies for Investor Properties Act](https://openamerica.io/bill/117-S-3040/)
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