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United States · Bill · HR

H.R. 3071 (108th)

Free Housing Market Enhancement Act

referredUnited States· United States Congress· EN

Introduced

10 September 2003

Last action

3 October 2003 · Referred

Status

Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

Sponsors

Rep. Paul, Ron [R-TX-14]

Subjects

Housing, Taxation

Source updated

18 August 2025

Housing · Taxation

Official sourceDownload fileView documentsShare

Summary

Free Housing Market Enhancement Act - Prohibits providing Federal funds to the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or any Federal Home Loan bank (Such entities are referred to as government sponsored enterprises, or GSEs.) Amends the Federal National Mortgage Association Charter Act ( Fannie Mae) and the Federal Home Loan Mortgage Corporation Act (Freddie Mac) to repeal: (1) the State tax exemption; (2) the requirement that the Treasury approve debt issues; (3) Treasury authority to purchase Fannie Mae/Freddie Mac obligations; (4) depositary authority; and (5) the designation of obligations as lawful investments. Amends the Federal Home Loan Bank Act to repeal: (1) the State tax exemption; (2) Treasury authority to purchase bank obligations; (3) depositary authority; and (4) the designation of obligations as lawful investments. Amends the Federal Reserve Act to prohibit Federal Reserve purchase of GSE debt. Repeals the eligibility of GSE obligations for unlimited investment by national banks, federally chartered thrifts, and credit unions.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 10 September 2003

    Introduced

    Referred to the House Committee on Financial Services.

    Source: IntroReferral

  2. 10 September 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 10 September 2003

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 11 September 2003

    Introduced

    Sponsor introductory remarks on measure. (CR E1767)

    Source: IntroReferral

  5. 3 October 2003

    Referred

    Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

    Source: Committee

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 10 September 2003

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 10 September 2003

    ViewDownloadOpen at official source

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  • Introduced in House

    summary · EN · 10 September 2003

    Open at official source

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Sponsors

Related records

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Sources

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