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United States · Bill · HR

H.R. 5599 (116th)

Fulfilling the Promise of the Housing Trust Fund Act

referredUnited States· United States Congress· EN

Introduced

14 January 2020

Last action

Status

Referred to the House Committee on Financial Services.

Sponsors

Subjects

Discovery layer

Source updated

3 January 2025

Summary

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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Documents

3 official files

Introduced in House (text)

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