Summary

                            To amend the Congressional Budget and Impoundment Control Act of 1974 to prohibit the use of guarantee fees as offsets.

Introduced in House
Risk Management and Homeowner Stability Act of 2017

This bill amends the Congressional Budget Act of 1974 to prohibit the chairs of
the congressional budget committees from counting increases to guarantee fees as
offsets for budget enforcement purposes. The bill includes an exception for
legislation that increases guarantee fees to finance reforms to the secondary
mortgage market. 

(Guarantee fees are charged by enterprises, such as the Federal National
Mortgage Association [Fannie Mae] and the Federal Home Loan Mortgage Corporation
[Freddie Mac], to guarantee the payment of principal and interest on loans. This
bill prevents the fees from being used to offset provisions that increase the
deficit in determining whether a budget point of order applies to legislation.)



                        

Actions

  • Referred to House Budget

    Feb 7th, 2017
  • Referred to House Rules

    Feb 7th, 2017
  • Referred to the Committee on Rules, and in addition to the Committee on the Budget, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Feb 7th, 2017
  • Introduced in House

    Feb 7th, 2017
  • Introduced in House

    Feb 7th, 2017