118 HR 3041 IH: Secure Americans from Financial Exploitation (SAFE) Act U.S. House of Representatives 2023-05-02 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.

I 118th CONGRESS1st Session H. R. 3041 IN THE HOUSE OF REPRESENTATIVES May 2, 2023 Mr. Calvert introduced the following bill; which was referred to the Committee on Financial Services A BILL To cancel certain proposed changes to credit fees charged by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, and for other purposes.

1.

Short title

This Act may be cited as the Secure Americans from Financial Exploitation (SAFE) Act.

2.

Cancellation of changes

The Federal Housing Finance Agency and the enterprises (as such term is defined in section 1303 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4502)) may not implement the changes to the single-family housing mortgage credit fee pricing framework of the enterprises announced by the Federal Housing Finance Agency on January 19, 2023 (FHFA Announces Updates to the Enterprises’ Single-Family Pricing Framework), and set forth in Federal National Mortgage Association Lender Letter LL–2023–01 and Federal Home Loan Mortgage Corporation Bulletin 2023–1, and such changes, Lender Letter, and Bulletin shall have no force or effect.