A bill to establish a scorekeeping rule to ensure that increases in guarantee fees of Fannie Mae and Freddie Mac shall not be used to offset provisions that increase the deficit.

Bill: 116-s-1463
Sponsor: full_name: Sen. Perdue, David [R-GA]
Introduced: 2019-05-14
Policy area: Housing and Community Development
Subjects: Budget deficits and national debt

Budget process

Government corporations and government-sponsored enterprises

Government lending and loan guarantees

Housing finance and home ownership

Legislative rules and procedure

Senate

User charges and fees
Latest action: action_date: 2019-05-14
text: Read twice and referred to the Committee on the Budget.

Summaries:
action_date: 2019-05-14
action_desc: Introduced in Senate
text: <p>This bill prohibits increases in Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) guarantee fees from being used in the Senate to determine the budgetary impact of legislation to evaluate budget points of order. Fannie Mae and Freddie Mac purchase mortgages and charge the fees to guarantee the payment of principal and interest. This bill prevents the fee increases from being used to offset provisions that increase the deficit in determining whether a budget point of order applies to legislation. </p>

tv_txt: II 116th CONGRESS 1st Session S. 1463 IN THE SENATE OF THE UNITED STATES May 14, 2019 Mr. Perdue (for himself, Mr. Menendez , Mr. Tillis , and Mr. Tester ) introduced the following bill; which was read twice and referred to the Committee on the Budget A BILL To establish a scorekeeping rule to ensure that increases in guarantee fees of Fannie Mae and Freddie Mac shall not be used to offset provisions that increase the deficit.

1. Prohibiting the use of guarantee fees as an offset In the Senate, for purposes of determining budgetary impacts to evaluate points of order under the Congressional Budget Act of 1974, any previous budget resolution, and any subsequent budget resolution, provisions contained in any bill, resolution, amendment, motion, or conference report that increases, or extends the increase of, any guarantee fees of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation shall not be scored with respect to the level of budget authority, outlays, or revenues contained in such legislation.