3.0.0 5055 2023-10-03T18:30:21Z 2023-10-03T18:30:21Z House HR 2019-11-12 116 [Congressional Record Volume 165, Number 180 (Tuesday, November 12, 2019)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. SHERMAN:H.R. 5055.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8[Page H8784]]]> hsbu00 Budget Committee House Standing Referred to 2019-11-12T19:01:35Z hsru00 Rules Committee House Standing Referred to 2019-11-12T19:01:30Z 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. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 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. IntroReferral H11100 2 House floor actions hsru00 Rules Committee 2019-11-12 Introduced in House IntroReferral Intro-H 9 Library of Congress 2019-11-12 Introduced in House IntroReferral 1000 9 Library of Congress S000344 Rep. Sherman, Brad [D-CA-30] BRAD SHERMAN D CA 30 N Z000017 Rep. Zeldin, Lee M. [R-NY-1] Lee Zeldin R NY M. 1 2019-11-12 True H001072 Rep. Hill, J. French [R-AR-2] J. Hill R AR French 2 2020-03-13 False Economics and Public Finance Budget deficits and national debt Budget process Financial services and investments Government corporations and government-sponsored enterprises Housing finance and home ownership User charges and fees Economics and Public Finance 00 2019-11-12 Introduced in House 2019-11-29T11:48:04Z Homebuyer Protection Act of 2019

This bill 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. This bill prevents the fees from being used to offset provisions that increase the deficit in determining whether a budget point of order applies to legislation.)

]]> Homebuyer Protection Act of 2019 Display Title Homebuyer Protection Act of 2019 Official Title as Introduced To amend the Congressional Budget and Impoundment Control Act of 1974 to prohibit the use of guarantee fees as offsets. Introduced in House IH Short Title(s) as Introduced Homebuyer Protection Act of 2019 Introduced in House IH Introduced in House 2019-11-12T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-116hr5055ih/xml/BILLS-116hr5055ih.xml 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. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.