US Congress House Bill 574 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 17-0)
Status: Introduced on January 27 2015 - 25% progression, died in committee
Action: 2015-01-27 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Pay Back the Taxpayers Act of 2015 Prohibits the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs), after enactment of this Act and during the term of any conservatorship or receivership, from making any contribution or transfer to, or allocating or setting aside any amounts for, the Housing Trust Fund or the Capital Magnet Fund. Requires any amounts set aside by a GSE, before enactment of this Act, for either Trust Fund but not yet allocated or transferred to it, not to be so allocated or transferred but to be covered into the General Fund of the Treasury and used only for reducing the federal budget deficit. Requires any amounts paid or repaid to the Secretary of the Treasury by a GSE, in any form after enactment, and during any conservatorship or receivership of the GSE, to be covered into the General Fund and for the same purpose only.

Pay Back the Taxpayers Act of 2015

Rep. Edward Royce [R-CA]	Rep. Frank Lucas [R-OK]	Rep. Scott Garrett [R-NJ]	Rep. Randy Neugebauer [R-TX]
Rep. Lynn Westmoreland [R-GA]	Rep. Bill Huizenga [R-MI]	Rep. Stephen Fincher [R-TN]	Rep. Marlin Stutzman [R-IN]
Rep. Mick Mulvaney [R-SC]	Rep. Randy Hultgren [R-IL]	Rep. Robert Pittenger [R-NC]	Rep. Garland Barr [R-KY]
Rep. Roger Williams [R-TX]	Rep. Patrick McHenry [R-NC]	Rep. Robert Hurt [R-VA]	Rep. French Hill [R-AR]
Rep. Stevan Pearce [R-NM]

Date	Chamber	Action
2015-01-27	House	Referred to the House Committee on Financial Services.
2015-01-27	House	Introduced in House

Type	Source
Summary	https://www.congress.gov/bill/114th-congress/house-bill/574/all-info
Text	https://www.congress.gov/114/bills/hr574/BILLS-114hr574ih.pdf