US HB5055 | 2019-2020 | 116th Congress
Status
Spectrum: Slight Partisan Bill (Republican 2-1)
Status: Introduced on November 12 2019 - 25% progression, died in committee
Action: 2019-11-12 - 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.
Pending: House Rules Committee
Text: Latest bill text (Introduced) [PDF]
Status: Introduced on November 12 2019 - 25% progression, died in committee
Action: 2019-11-12 - 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.
Pending: House Rules Committee
Text: Latest bill text (Introduced) [PDF]
Summary
Prohibits 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. prevents the fees from being used to offset provisions that increase the deficit in determining whether a budget point of order applies to legislation.)
Title
Homebuyer Protection Act of 2019
Sponsors
Rep. Brad Sherman [D-CA] | Rep. Lee Zeldin [R-NY] | Rep. French Hill [R-AR] |
History
Date | Chamber | Action |
---|---|---|
2019-11-12 | House | 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. |
2019-11-12 | House | 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. |
2019-11-12 | House | Introduced in House |
Subjects
Budget deficits and national debt
Budget process
Economics and public finance
Financial services and investments
Housing finance and home ownership
User charges and fees
Budget process
Economics and public finance
Financial services and investments
Housing finance and home ownership
User charges and fees
US Congress State Sources
Type | Source |
---|---|
Summary | https://www.congress.gov/bill/116th-congress/house-bill/5055/all-info |
Text | https://www.congress.gov/116/bills/hr5055/BILLS-116hr5055ih.pdf |