HR 5599 · 116th Congress · Housing and Community Development

Fulfilling the Promise of the Housing Trust Fund Act

Introduced 2020-01-14· Sponsored by Rep. Heck, Denny [D-WA-10]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Financial Services.(2020-01-14)

Plain Language Summary

[AI summary unavailable — showing source text] 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.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (16)

16 Democrats
Rep. Clay, Wm. Lacy [D-MO-1]MO
Rep. Blumenauer, Earl [D-OR-3]OR
Rep. Perlmutter, Ed [D-CO-7]CO
Rep. Maloney, Carolyn B. [D-NY-12]NY
Rep. Scott, David [D-GA-13]GA
Rep. Lawson, Al, Jr. [D-FL-5]FL
Rep. Murphy, Stephanie N. [D-FL-7]FL
Rep. Lynch, Stephen F. [D-MA-8]MA
Rep. Torres, Norma J. [D-CA-35]CA
Rep. Peters, Scott H. [D-CA-52]CA
Rep. Garcia, Jesus G. "Chuy" [D-IL-4]IL
Rep. Foster, Bill [D-IL-11]IL
Rep. Kuster, Ann M. [D-NH-2]NH
Rep. Schiff, Adam B. [D-CA-28]CA
Rep. Kilmer, Derek [D-WA-6]WA
Rep. Bera, Ami [D-CA-7]CA