Summary: H.R.5599 — 116th Congress (2019-2020)All Information (Except Text)

There is one summary for H.R.5599. Bill summaries are authored by CRS.

Shown Here:
Introduced in House (01/14/2020)

Fulfilling the Promise of the Housing Trust Fund Act

This bill specifies that amounts received from fee increases on mortgage-backed securities guaranteed by the Federal National Mortgage Association (Fannie Mae) or participation certificates guaranteed by the Federal Home Loan Mortgage Corporation (Freddie Mac) on or after October 1, 2021, must be deposited into the Housing Trust Fund, which is dedicated to producing and preserving affordable housing. Such amounts shall be available without further appropriation.