I 
112TH CONGRESS 
1ST SESSION H. R. 1754 
To permanently increase the conforming loan limits for the Federal Home 
Loan Mortgage Corporation and the Federal National Mortgage Associa-
tion and the FHA maximum mortgage amount limitations. 
IN THE HOUSE OF REPRESENTATIVES 
MAY 5, 2011 
Mr. GARY G. MILLER of California (for himself and Mr. SHERMAN) intro-
duced the following bill; which was referred to the Committee on Finan-
cial Services 
A BILL 
To permanently increase the conforming loan limits for the 
Federal Home Loan Mortgage Corporation and the Fed-
eral National Mortgage Association and the FHA max-
imum mortgage amount limitations. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Preserving Equal Ac-
cess to Mortgage Finance Programs Act’’. 
SEC. 2. PERMANENT CONFORMING LOAN LIMIT INCREASE 
FOR FREDDIE MAC AND FANNIE MAE. 
(a) FREDDIE MAC.— 
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(1) INCREASE.—Paragraph (2) of section 
305(a) of the Federal Home Loan Mortgage Cor-
poration Act (12 U.S.C. 1454(a)(2)) is amended— 
(A) by inserting ‘‘(A)’’ after ‘‘(2)’’; 
(B) in the first sentence, by redesignating 
clauses (A) through (C) as clauses (i) through 
(iii), respectively; 
(C) in the second sentence, by striking 
‘‘clause (A)’’ and inserting ‘‘clause (i)’’; and 
(D) in the last sentence— 
(i) by striking ‘‘115 percent’’ each 
place such term appears and inserting 
‘‘125 percent’’; and 
(ii) by striking ‘‘150 percent’’ and in-
serting ‘‘175 percent’’. 
(2) DISCRETIONARY AUTHORITY TO LIMIT DE-
CREASES.—Paragraph (2) of section 305(a) of the 
Federal Home Loan Mortgage Corporation Act (12 
U.S.C. 1454(a)(2)), as amended by paragraph (1), 
is further amended by adding at the end the fol-
lowing new subparagraph: 
‘‘(B) Notwithstanding the calculation of the limita-
tion on the maximum original principal obligation of a 
mortgage that may be purchased by the Corporation for 
an area pursuant to the last sentence of subparagraph 
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(A), if any recalculation of the local median home price 
for any area would otherwise result in a decrease in the 
maximum original principal limitation for any size resi-
dence in any such area, the Director of the Federal Hous-
ing Finance Agency may prevent or limit a decrease in 
such limitation from taking place for any such area. In 
taking such action, the Director shall consider such fac-
tors as market dislocations caused by a decrease in such 
limitation, the extent of the median home price decline, 
and the causes for such reduction in median home price.’’. 
(b) FANNIE MAE.— 
(1) INCREASE.—Paragraph (2) of section 
302(b) of the Federal National Mortgage Associa-
tion Charter Act (12 U.S.C. 1717(b)(2)) is amend-
ed— 
(A) by inserting ‘‘(A)’’ after ‘‘(2)’’; 
(B) in the second sentence, by redesig-
nating clauses (A) through (C) as clauses (i) 
through (iii), respectively; 
(C) in the third sentence, by striking 
‘‘clause (A)’’ and inserting ‘‘clause (i)’’; and 
(D) in the last sentence— 
(i) by striking ‘‘115 percent’’ each 
place such term appears and inserting 
‘‘125 percent’’; and 
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(ii) by striking ‘‘150 percent’’ and in-
serting ‘‘175 percent’’. 
(2) DISCRETIONARY AUTHORITY TO LIMIT DE-
CREASES.—Paragraph (2) of section 302(b) of the 
Federal National Mortgage Association Charter Act 
(12 U.S.C. 1717(b)(2)), as amended by paragraph 
(1), is further amended by adding at the end the fol-
lowing new subparagraph: 
‘‘(B) Notwithstanding the calculation of the limita-
tion on the maximum original principal obligation of a 
mortgage that may be purchased by the corporation for 
an area pursuant to the last sentence of subparagraph 
(A), if any recalculation of the local median home price 
for any area would otherwise result in a decrease in the 
maximum original principal limitation for any size resi-
dence in any such area, the Director of the Federal Hous-
ing Finance Agency may prevent or limit a decrease in 
such limitation from taking place for any such area.
In 
taking such action, the Director shall consider such fac-
tors as market dislocations caused by a decrease in such 
limitation, the extent of the median home price decline, 
and the causes for such reduction in median home price.’’. 
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