3.0.0 3040 2023-01-01T23:48:56Z 2023-01-01T23:48:56Z Senate S 2021-10-21 117 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2021-10-21T16:39:26Z 2021-10-21 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2021-10-21 Introduced in Senate IntroReferral 10000 9 Library of Congress T000461 Sen. Toomey, Patrick [R-PA] Patrick Toomey R PA J. N Finance and Financial Sector Finance and Financial Sector 00 2021-10-21 Introduced in Senate 2022-03-23T14:34:57Z No GSE Subsidies for Investor Properties Act

This bill prohibits government-sponsored enterprises (i.e., Fannie Mae and Freddie Mac) from purchasing or acquiring a mortgage secured by an investor property loan (i.e., a property comprised of 1-to-4 family dwelling units that is not the principal residence or a second home of the borrower) 18 months after the date of enactment. Further, these enterprises must implement a plan to gradually reduce the purchase and acquisition of such loans.

]]> No GSE Subsidies for Investor Properties Act Official Title as Introduced A bill to prohibit Fannie Mae and Freddie Mac from purchasing or otherwise acquiring investor property loans, and for other purposes. Introduced in Senate IS Display Title No GSE Subsidies for Investor Properties Act Short Title(s) as Introduced No GSE Subsidies for Investor Properties Act Introduced in Senate IS Introduced in Senate 2021-10-21T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-117s3040is/xml/BILLS-117s3040is.xml 2021-10-21 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.