GSE Jumpstart Reauthorization Act of 2017

Bill 115 hr 4560, also known as the GSE Jumpstart Reauthorization Act of 2017, is a piece of legislation that aims to extend the current suspension of contributions to the Housing Trust Fund and the Capital Magnet Fund by Fannie Mae and Freddie Mac. These funds are used to support affordable housing initiatives across the country.

The bill was introduced in the House of Representatives on December 5, 2017, by Representative Ed Royce of California. It has bipartisan support and is currently being considered by the House Committee on Financial Services.

If passed, the GSE Jumpstart Reauthorization Act of 2017 would extend the suspension of contributions to the Housing Trust Fund and the Capital Magnet Fund until January 1, 2021. This would provide Fannie Mae and Freddie Mac with additional financial flexibility to stabilize their operations and continue to support the housing market. Overall, the bill aims to ensure that Fannie Mae and Freddie Mac can continue to fulfill their mission of providing liquidity, stability, and affordability to the housing market while also supporting affordable housing initiatives. It is an important piece of legislation that has the potential to have a significant impact on the housing market and affordable housing initiatives across the country.