US Congress House Bill 5495 (Prior Session Legislation)

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Spectrum: Partisan Bill (Democrat 1-0)
Status: Introduced on September 16 2014 - 25% progression, died in committee
Action: 2014-09-16 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Preserving Multifamily Housing Act of 2014 - Prohibits the Director of the Federal Housing Finance Agency (FHFA) from taking any action that has the effect of reducing or limiting the volume or scope of the business of the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs) in mortgages for multifamily housing unless the Director: (1) determines that there is substantial evidence that such action is necessary to ensure the financial safety and soundness of the GSE, (2) causes that determination to be published in the Federal Register, and (3) submits written notice of the determination to Congress.

Preserving Multifamily Housing Act of 2014

Rep. Carolyn Maloney [D-NY]

Date	Chamber	Action
2014-09-16	House	Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/5495/all-info
Text	https://www.congress.gov/113/bills/hr5495/BILLS-113hr5495ih.pdf