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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.

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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
1
Democrat Sponsors
1
Republican Sponsors
0
Unaffiliated Sponsors
0
Total Number of Cosponsors
16
Democrat Cosponsors
16
Republican Cosponsors
0
Unaffiliated Cosponsors
0

Policy Area and Potential Impact of Bill HR 5599

Primary Policy Focus

Housing and Community Development

Potential 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

Denny Heck
Denny Heck
WashingtonDemocrat
Norma J. Torres
Norma J. Torres
CaliforniaDemocrat
David Scott
David Scott
GeorgiaDemocrat
Adam B. Schiff
Adam B. Schiff
CaliforniaDemocrat
Scott H. Peters
Scott H. Peters
CaliforniaDemocrat

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