United States · Bill · S
S. 3040 (117th)
No GSE Subsidies for Investor Properties Act
Introduced
21 October 2021
Last action
21 October 2021 · Introduced
Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
Sen. Toomey, Patrick [R-PA]
Subjects
Discovery layer
Source updated
14 January 2025
Summary
No GSE Subsidies for Investor Properties Act This bill prohibits government-sponsored enterprises (i.e., Fannie Mae and Freddie Mac) from purchasing or acquiring a mortgage secured by an investor property loan (i.e., a property comprised of 1-to-4 family dwelling units that is not the principal residence or a second home of the borrower) 18 months after the date of enactment. Further, these enterprises must implement a plan to gradually reduce the purchase and acquisition of such loans.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
21 October 2021
Introduced
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
21 October 2021
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 21 October 2021 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 21 October 2021
Introduced in Senate (PDF)
Introduced in Senate · EN · 21 October 2021
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Introduced in Senate
summary · EN · 21 October 2021
Leesvertaling
Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.
Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.
Sponsors
- Sen. Toomey, Patrick [R-PA] · R · Sponsor
- · ssbk00 · Standing
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/117th-congress/senate-bill/3040
- Open data entity: https://api.congress.gov/v3/bill/117/s/3040
- us · 117-s-3040 · source updated 14 January 2025