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HR 3420 98th Congress House

Secondary Mortgage Market Equity Act of 1983

Official title: A bill to provide home buyers equitable access to the national secondary mortgage market.

Introduced: June 27, 1983 See on congress.gov
Housing and Community Development Housing and Housing FinanceHousing financeMortgage loansMortgages
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) 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 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 15, 1983
Referred to Subcommittee on Housing and Community Development.
Jun 27, 1983
Referred to House Committee on Banking, Finance and Urban Affairs.
Jun 27, 1983
Introduced in House
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 Latest action July 15, 1983

Referred to Subcommittee on Housing and Community Development.

 Plain-English summary Congressional Research Service

Secondary Mortgage Market Equity Act - Amends the Federal Home Loan Mortgage Corporation Act and the Federal National Mortgage Association Charter Act to set forth a formula for increasing the maximum mortgage limitation for a one- to four- family residence in certain areas where high prevailing housing sales prices have limited housing opportunities.

 Related & companion bills 1
  • S 2130 Identical bill Secondary Mortgage Market Equity Act
 Committees of jurisdiction 2
 Cosponsors 2
All 2 Democratic 2
D
Wyden, Ron
Oregon · Jul 21, 1983
 D
Schumer, Charles E.
New York · Jun 27, 1983
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3420: Secondary Mortgage Market Equity Act of 1983. 98th Congress. Open America. https://openamerica.io/bill/98-HR-3420/
MLA
"H.R. 3420: Secondary Mortgage Market Equity Act of 1983." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-HR-3420/.
Bluebook (legal)
H.R. 3420, 98th Cong. (2026), https://openamerica.io/bill/98-HR-3420/.
Markdown link
[H.R. 3420: Secondary Mortgage Market Equity Act of 1983](https://openamerica.io/bill/98-HR-3420/)
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