House Bill 5599
116th Congress(2019-2020)
Fulfilling the Promise of the Housing Trust Fund Act
Introduced
Introduced in House on Jan 14, 2020
Origin Chamber
House
Type
Bill
Bill
The primary form of legislative measure used to propose law. Depending on the chamber of origin, bills begin with a designation of either H.R. or S. Joint resolution is another form of legislative measure used to propose law.
Bill Number
5599
Congress
116
Policy Area
Housing and Community Development
Housing and Community Development
Primary focus of measure is home ownership; housing programs administration and funding; residential rehabilitation; regional planning, rural and urban development; affordable housing; homelessness; housing industry and construction; fair housing. Measures concerning mortgages and mortgage finance may fall under Finance and Financial Sector policy area.
Denny Heck
grade
Washington
California
California
California
California
Colorado
Florida
Florida
Georgia
Illinois
Illinois
Massachusetts
Missouri
New Hampshire
New York
Oregon
Washington
No House votes have been held for this bill.
Summary
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.
January 14, 2020
01/14/2020
Referred to the House Committee on Financial Services.
01/14/2020
Introduced in House
Public Record
Record Updated
Feb 8, 2022 11:54:42 PM