A bill to establish a scorekeeping rule to ensure that increases in guarantee fees of Fannie Mae and Freddie Mac shall not be used to offset provisions that increase the deficit.
Bill journey · stage 2 of 5
Under committee review
What it doesSummary introduced in senate (May 14, 2019)
This bill prohibits increases in Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) guarantee fees from being used in the Senate to determine the budgetary impact of legislation to evaluate budget points of order. Fannie Mae and Freddie Mac purchase mortgages and charge the fees to guarantee the payment of principal and interest. This bill prevents the fee increases from being used to offset provisions that increase the deficit in determining whether a budget point of order applies to legislation.
What just happenedMay 14, 2019
Read twice and referred to the Committee on the Budget.
Who’s behind it
- Introduced in SenateMay 14, 2019
- May 14, 2019IntroReferral
Read twice and referred to the Committee on the Budget.
Budget Committee - May 14, 2019IntroReferral10000
Introduced in Senate