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H.R.3550: New Fair Deal Banking and Housing Stability Act of 2013
About this Bill
|This bill was introduced in the||113th Congress|
|This bill is primarily about||housing and community development|
|You can||read the bill|
|Sponsor||Justin Amash, R-Mich.|
|Total Cosponsors||7 (All Republicans)|
|Introduced||Nov. 20, 2013|
|Latest Major Action||Jan. 9, 2014|
|See it on||GovTrack|
|See it on||C-SPAN|
- Bill introduced in the House
- Bill passed in the House
- Bill passed in the Senate
- Bill signed into law
New Fair Deal Banking and Housing Stability Act of 2013 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (FHEFSSA), the Federal National Mortgage Association Charter Act (FNMACA), and the Federal Home Loan Mortgage Corporation Act (FHLMCA) to repeal housing goals and related provisions, including the Housing Trust Fund and the Capital Magnet Fund, with respect to the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises) (GSEs).
Amends the FNMACA and the FHLMCA to limit Fannie Mae and Freddie Mac mortgage purchases on property comprising 1- to 4-family dwelling units.
Amends the FHLMCA to repeal the authority of banking entities with respect to Freddie Mac transactions.
Amends the FNMACA and the FHLMCA to: (1) reduce GSE conforming loan limits, and (2) set a loan-to-value limitation on GSE mortgage purchases.
(Source: Congressional Research Service)
|Jan. 9, 2014||Referred to the Subcommittee on Regulatory Reform, Commercial And Antitrust Law.|
|Dec. 13, 2013||Referred to the Subcommittee on Research and Technology.|
|Nov. 21, 2013||Referred to the Subcommittee on Highways and Transit.|
|Nov. 20, 2013||Referred to House Judiciary|
|Nov. 20, 2013||Referred to House Transportation and Infrastructure|
|Nov. 20, 2013||Referred to House Science, Space, and Technology|
|Nov. 20, 2013||Referred to House Appropriations|
|Nov. 20, 2013||Referred to House Financial Services|