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Fulfilling the Promise of the Housing Trust Fund Act
2/8/2022, 11:54 PM
Congressional Summary of HR 5599
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.
Read the Full Bill
Current Status of Bill HR 5599
Bill HR 5599 is currently in the status of Bill Introduced since January 14, 2020. Bill HR 5599 was introduced during Congress 116 and was introduced to the House on January 14, 2020. Bill HR 5599's most recent activity was Referred to the House Committee on Financial Services. as of January 14, 2020
Bipartisan Support of Bill HR 5599
Total Number of Sponsors
1Democrat Sponsors
1Republican Sponsors
0Unaffiliated Sponsors
0Total Number of Cosponsors
16Democrat Cosponsors
16Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 5599
Primary Policy Focus
Housing and Community DevelopmentPotential Impact Areas
- Government corporations and government-sponsored enterprises
- Government trust funds
- Housing finance and home ownership
- Housing supply and affordability
- User charges and fees
Alternate Title(s) of Bill HR 5599
Fulfilling the Promise of the Housing Trust Fund Act
To amend the Housing and Community Development Act of 1992 to require the deposit of enterprise guarantee fees in the Housing Trust Fund, and for other purposes.
Fulfilling the Promise of the Housing Trust Fund Act
Comments
Sponsors and Cosponsors of HR 5599
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