summary
Introduced
05/02/2023
05/02/2023
In Committee
05/02/2023
05/02/2023
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 Secure Americans from Financial Exploitation (SAFE) Act, cancels proposed changes to the credit fees charged by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), which are the two government-sponsored enterprises (GSEs) that play a crucial role in the US housing finance system. Specifically, the bill prohibits the Federal Housing Finance Agency, which oversees the GSEs, from implementing the changes to the single-family housing mortgage credit fee pricing framework that were announced on January 19, 2023, effectively nullifying those changes.
Committee Categories
Business and Industry
Sponsors (2)
Last Action
Referred to the House Committee on Financial Services. (on 05/02/2023)
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/3041/all-info | 05/03/2023 |
| BillText | https://www.congress.gov/118/bills/hr3041/BILLS-118hr3041ih.pdf | 05/16/2023 |
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