summary
Introduced
04/27/2023
04/27/2023
In Committee
04/27/2023
04/27/2023
Crossed Over
Passed
Dead
01/03/2025
01/03/2025
Introduced Session
118th Congress
Bill Summary
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.
AI Summary
This bill, the Responsible Borrower Protection Act of 2023, cancels proposed changes to credit fees charged by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), also known as the "enterprises." The bill prohibits the Federal Housing Finance Agency (FHFA) and the enterprises from implementing the changes to the single-family housing mortgage credit fee pricing framework announced on January 19, 2023. However, the bill does not prevent the enterprises from applying risk-based pricing for credit fees for single-family housing mortgages.
Committee Categories
Business and Industry
Sponsors (46)
Andy Biggs (R)*,
Brian Babin (R),
Troy Balderson (R),
Aaron Bean (R),
Dan Bishop (R),
Lauren Boebert (R),
Mike Bost (R),
Josh Brecheen (R),
Eric Burlison (R),
Jerry Carl (R),
Buddy Carter (R),
Ben Cline (R),
Michael Cloud (R),
Andrew Clyde (R),
Byron Donalds (R),
Brad Finstad (R),
Michelle Fischbach (R),
Russell Fry (R),
Bob Good (R),
Paul Gosar (R),
Glenn Grothman (R),
Brett Guthrie (R),
Harriet Hageman (R),
Dusty Johnson (R),
Doug LaMalfa (R),
Mike Lawler (R),
Debbie Lesko (R),
Anna Luna (R),
Brian Mast (R),
Richard McCormick (R),
Cathy McMorris Rodgers (R),
Alex Mooney (R),
Barry Moore (R),
Andy Ogles (R),
Gary Palmer (R),
Scott Perry (R),
Matt Rosendale (R),
Chip Roy (R),
Keith Self (R),
Lloyd Smucker (R),
Chris Stewart (R),
Dale Strong (R),
Tom Tiffany (R),
Jeff Van Drew (R),
Randy Weber (R),
Rudy Yakym (R),
Last Action
Referred to the House Committee on Financial Services. (on 04/27/2023)
Bill Topics
Community Development and Housing Issues
- ‐ Housing and Real Estate Finance
Official Document
bill text
bill summary
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bill summary
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bill summary
| Document Type | Source Location | Created |
|---|---|---|
| State Bill Page | https://www.congress.gov/bill/118th-congress/house-bill/2928/all-info | 04/28/2023 |
| BillText | https://www.congress.gov/118/bills/hr2928/BILLS-118hr2928ih.pdf | 05/06/2023 |
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