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Middle Class Borrower Protection Act of 2023

Introduced: May 22, 2023 Introduced by: Davidson, Warren Republican · Ohio See on congress.gov
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This bill died when the 118th Congress ended
It never became law before the 118th Congress (2023–2024) 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 25 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 10, 2023
Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Jun 23, 2023
On motion to recommit Failed by the Yeas and Nays: 197 - 214 (Roll no. 288).
Jun 23, 2023
The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
Jun 23, 2023
Mr. Cleaver moved to recommit to the Committee on Financial Services. (text: CR H3127)
Jun 23, 2023
The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
Jun 23, 2023
The previous question was ordered pursuant to the rule.
Jun 23, 2023
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3564.
Jun 23, 2023
DEBATE - Pursuant to the provisions of H. Res. 524, the Committee of the Whole proceeded with 10 minutes of debate on the Lee (NV) amendment No. 3.
Jun 23, 2023
DEBATE - Pursuant to the provisions of H. Res. 524, the Committee of the Whole proceeded with 10 minutes of debate on the Lee (NV) amendment No. 2.
Jun 23, 2023
DEBATE - Pursuant to the provisions of H. Res. 524, the Committee of the Whole proceeded with 10 minutes of debate on the Boebert amendment No. 1.
Jun 23, 2023
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3564.
Jun 23, 2023
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 524 and Rule XVIII.
Jun 23, 2023
The Speaker designated the Honorable Dan Newhouse to act as Chairman of the Committee.
Jun 23, 2023
Considered under the provisions of rule H. Res. 524. (consideration: CR H3115-3128; text: CR H3120)
Jun 23, 2023
Passed/agreed to in House: On passage Passed by the Yeas and Nays: 230 - 189 (Roll no. 289).
Jun 23, 2023
DEBATE - Pursuant to the provisions of H. Res. 524, the Committee of the Whole proceeded with 10 minutes of debate on the Pettersen amendment No. 4.
Jun 23, 2023
Motion to reconsider laid on the table Agreed to without objection.
Jun 23, 2023
Rule provides for consideration of H.R. 3564, H.R. 3799 and H. Res. 461. The resolution provides for consideration of H.R. 3564 under a structured rule with one hour of general debate; H.R. 3799 under a structured rule with eighty minutes of general debate; and H.Res. 461, under a closed rule with one hour of general debate. The resolution provides for a motion to recommit on H.R. 3564 and H.R. 3799.
Jun 20, 2023
Rules Committee Resolution H. Res. 524 Reported to House. Rule provides for consideration of H.R. 3564, H.R. 3799 and H. Res. 461. The resolution provides for consideration of H.R. 3564 under a structured rule with one hour of general debate; H.R. 3799 under a structured rule with eighty minutes of general debate; and H.Res. 461, under a closed rule with one hour of general debate. The resolution provides for a motion to recommit on H.R. 3564 and H.R. 3799.
Jun 7, 2023
Reported (Amended) by the Committee on Financial Services. H. Rept. 118-103.
Jun 7, 2023
Placed on the Union Calendar, Calendar No. 79.
May 24, 2023
Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 26 - 22.
May 24, 2023
Committee Consideration and Mark-up Session Held
May 22, 2023
Referred to the House Committee on Financial Services.
May 22, 2023
Introduced in House
 Votes taken on this bill 2
DateChamberWhat was voted onResultYes–No
Jun 23, 2023 House · vote #289 On Passage Passed 230–189 See who voted →
Jun 23, 2023 House · vote #288 On Motion to Recommit Failed 197–214 See who voted →
 Amendments to this bill 4

Amendments propose changes to this bill. Members vote on amendments separately before the final bill vote. An agreed amendment becomes part of the bill; a failed amendment does not.

3 agreed to 1 failed

AmendmentSponsorPurposeStatusLatest action
HAMDT 214 Pettersen, Brittany Amendment sought to prevent the legislation from being enacted if the Federal Housing Finance Agency Director… Failed Jun 23, 2023
HAMDT 213 Lee, Susie An amendment numbered 3 printed in Part B of House Report 118-115 to require that the GAO study assess the re… Agreed to Jun 23, 2023
HAMDT 212 Lee, Susie An amendment numbered 2 printed in Part B of House Report 118-115 to require that the GAO study assess the re… Agreed to Jun 23, 2023
HAMDT 211 Boebert, Lauren An amendment numbered 1 printed in Part B of House Report 118-115 to require the GAO Study in Section 5 to al… Agreed to Jun 23, 2023
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 Plain-English summary Congressional Research Service

Middle Class Borrower Protection Act of 2023

This bill rolls back changes made by the Federal Housing Finance Agency (FHFA) to the fees charged by Fannie Mae and Freddie Mac for a conventional single-family mortgage (i.e., loan-level pricing adjustments) and restricts future fee adjustments. These changes, effective May 1, 2023, revised the fee charts that provide percentage adjustments based on a mortgagor's credit score and down payment.

(Sec. 2) This section reinstates the fee structure that was in place prior to May 1, 2023.

(Sec. 3) Further adjustments to the fee structure by FHFA are prohibited until 90 days after the publication of a report by the Government Accountability Office (GAO) required by section 5 of the bill. After this period, FHFA must follow Administrative Procedure Act requirements when proposing adjustments to the fee structure.

This section also requires that, to the greatest extent feasible, revisions to the fee schedule must be based on risk.

(Sec. 4) FHFA, Fannie Mae, and Freddie Mac are prohibited from imposing any loan-level pricing adjustment fee that is based on the ratio of the debt of the mortgagor to the income of the mortgagor.

(Sec. 5) The GAO must report on the changes to the fees made by the FHFA.

(Sec. 7) This section extends through FY2033 the authority of Fannie Mae and Freddie Mac to charge a guarantee fee.

What's happening now July 10, 2023

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

 Related & companion bills 2
  • HRES 524 Related bill Providing for consideration of the bill (H.R. 3564) to cancel recent changes made by the Federal Housing Finance Agency…
  • S 2296 Related bill Middle Class Borrower Protection Act of 2023
 Bill text 4 versions

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 13
All 13 Republican 12
R
Houchin, Erin
Indiana · Jun 5, 2023
 R
Johnson, Mike
Louisiana · Jun 5, 2023
 R
Yakym, Rudy
Indiana · May 31, 2023
 R
Kim, Young
California · May 25, 2023
 R
Allen, Rick W.
Georgia · May 22, 2023
 R
Bice, Stephanie I.
Oklahoma · May 22, 2023
 R
Biggs, Andy
Arizona · May 22, 2023
 R
Emmer, Tom
Minnesota · May 22, 2023
 R
Huizenga, Bill
Michigan · May 22, 2023
 R
Lawler, Michael
New York · May 22, 2023
 R
Loudermilk, Barry
Georgia · May 22, 2023
Mooney, Alexander
· May 22, 2023
 R
Steil, Bryan
Wisconsin · May 22, 2023
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3564: Middle Class Borrower Protection Act of 2023. 118th Congress. Open America. https://openamerica.io/bill/118-HR-3564/
MLA
"H.R. 3564: Middle Class Borrower Protection Act of 2023." 118th Congress, 2026, Open America, https://openamerica.io/bill/118-HR-3564/.
Bluebook (legal)
H.R. 3564, 118th Cong. (2026), https://openamerica.io/bill/118-HR-3564/.
Markdown link
[H.R. 3564: Middle Class Borrower Protection Act of 2023](https://openamerica.io/bill/118-HR-3564/)
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