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Bill115th CongressFiled Sep 7, 2018Housing and Community Development
H.R. 6746

Protecting American Taxpayers and Homeowners Act of 2018

Bill journey · stage 2 of 5

Under committee review

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What it doesSummary introduced in house (Sep 7, 2018)

Protecting American Taxpayers and Homeowners Act of 2018

This bill revises provisions related to housing finance, mortgage-backed securities, and government-sponsored enterprises. Among other things, the bill:

  • abolishes the Federal Home Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae), effective five years after the bill's enactment;
  • makes both the Government National Mortgage Association (Ginnie Mae) and the Federal Housing Administration (FHA) independent of the Department of Housing and Urban Development (HUD);
  • transfers certain functions from HUD and the Department of Agriculture to the FHA and otherwise revises the FHA's authority; and
  • establishes a mortgage-backed security market exchange and covered bond program.

What just happenedSep 7, 2018

Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

Who’s behind it

Rep. Hensarling, Jeb [R-TX-5](R-TX)Sponsor
Read on Congress.gov
2committees4actions3related bills34subjects
  1. Sep 7, 2018IntroReferralH11100

    Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Ways and Means Committee
  2. Sep 7, 2018IntroReferralH11100

    Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Financial Services Committee
  3. Sep 7, 2018IntroReferralIntro-H

    Introduced in House

  4. Sep 7, 2018IntroReferral1000

    Introduced in House

Protecting American Taxpayers and Homeowners Act of 2018 — Informed