[Congressional Bills 118th Congress]
[From the U.S. Government Publishing Office]
[H.R. 2960 Introduced in House (IH)]

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118th CONGRESS
  1st Session
                                H. R. 2960

   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.


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                    IN THE HOUSE OF REPRESENTATIVES

                             April 27, 2023

  Mr. Lawler introduced the following bill; which was referred to the 
                    Committee on Financial Services

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                                 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.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Fairness in Borrowing Act of 2023''.

SEC. 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.

SEC. 3. CONTINUATION OF RISK-BASED PRICING.

    This Act may not be construed to prohibit the enterprises from 
applying risk-based pricing for credit fees for single-family housing 
mortgages.
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