Hunter Berry

deral Home Loan Mortgage Corporation (Freddie Mac). These changes were set to increase the fees charged to lenders for certain types of loans, potentially making it more expensive for borrowers to obtain mortgages.

The bill seeks to prevent these fee increases in order to protect affordable mortgage options for veterans and other homebuyers. By canceling the proposed changes, the legislation aims to ensure that Fannie Mae and Freddie Mac continue to provide access to affordable mortgage credit for those in need.

In addition to canceling the fee increases, the bill also includes provisions for other purposes related to mortgage lending. These provisions are aimed at promoting access to affordable housing and ensuring that veterans and other borrowers are not unfairly burdened by unnecessary fees. Overall, Bill 119 HR 53 is focused on maintaining affordable mortgage options for veterans and other homebuyers by preventing proposed fee increases by Fannie Mae and Freddie Mac. The legislation aims to protect access to affordable housing and promote fair lending practices in the mortgage industry.

quired to begin construction on certain hydropower projects. Currently, licensees are required to commence construction within a specific timeframe after receiving a license from FERC. However, this bill seeks to provide more flexibility to licensees by extending this timeframe.

The bill specifically targets hydropower projects, which are a renewable source of energy that harnesses the power of flowing water to generate electricity. By extending the construction commencement deadline, the bill aims to provide licensees with more time to secure necessary funding, permits, and resources to successfully complete their hydropower projects.

Supporters of the bill argue that extending the construction commencement deadline will help promote the development of hydropower projects, which can contribute to a more sustainable and reliable energy grid. Additionally, they believe that providing licensees with more time to complete their projects will ultimately benefit consumers by increasing the availability of clean energy sources. Opponents of the bill may argue that extending the construction commencement deadline could potentially delay the completion of hydropower projects and hinder the overall progress of renewable energy development. They may also raise concerns about the potential environmental impacts of extending the construction timeframe for hydropower projects. Overall, Bill 118 s 3373 seeks to address the challenges faced by licensees in meeting the current construction commencement deadlines for hydropower projects. By extending this timeframe, the bill aims to support the growth of hydropower as a renewable energy source and promote a more sustainable energy future for the United States.