US S752

Bill

A bill to establish a scorekeeping rule to ensure that increases in guarantee fees of Fannie Mae and Freddie Mac shall not be used to offset provisions that increase the deficit.

Introduced
03/17/2015

In Committee
03/17/2015

Crossed Over

Passed

Dead
01/03/2017

Introduced Session

114th Congress

Bill Summary

A bill to establish a scorekeeping rule to ensure that increases in guarantee fees of Fannie Mae and Freddie Mac shall not be used to offset provisions that increase the deficit. This bill prohibits increases in Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) guarantee fees from being used in the Senate to determine the budgetary impact for evaluating budget points of order. Fannie Mae and Freddie Mac purchase mortgages and charge the fees to guarantee the payment of principal and interest. This bill prevents the fee increases from being used to offset provisions that increase the deficit in determining whether a budget point of order applies to legislation.

AI Summary

This bill establishes a new rule for how Congress scores legislation, specifically in the Senate, to prevent increases in guarantee fees charged by Fannie Mae (Federal National Mortgage Association) and Freddie Mac from being used to offset other parts of a bill that would increase the national deficit. Fannie Mae and Freddie Mac are government-sponsored enterprises that buy mortgages and charge these guarantee fees to ensure lenders get paid. The bill's key provision is that any increase in these fees cannot be counted as a deficit reduction when determining if a piece of legislation violates budget rules, known as "points of order" under the Congressional Budget Act of 1974.

Committee Categories

Budget and Finance

Sponsors (14)

Mike Crapo (R)*, Kelly Ayotte (R), Bob Corker (R), Joe Donnelly (D), Heidi Heitkamp (D), Dean Heller (R), Johnny Isakson (R), Mark Kirk (R), Jerry Moran (R), Tim Scott (R), Richard Shelby (R), Jon Tester (D), David Vitter (R), Mark Warner (D),

Last Action

Read twice and referred to the Committee on the Budget. (on 03/17/2015)

Official Document

https://www.congress.gov/bill/114th-congress/senate-bill/752/all-info

(2 Companion Bills)

Version:

Document Type	Source Location
State Bill Page	https://www.congress.gov/bill/114th-congress/senate-bill/752/all-info
BillText	https://www.congress.gov/114/bills/s752/BILLS-114s752is.pdf
Bill	https://www.congress.gov/114/bills/s752/BILLS-114s752is.pdf.pdf
BillText	http://gpo.gov/fdsys/pkg/BILLS-114s752is/pdf/BILLS-114s752is.pdf
Bill	http://gpo.gov/fdsys/pkg/BILLS-114s752is/pdf/BILLS-114s752is.pdf.pdf

Bill	Bill Name	Last Action	Type
S1910	Financial Services and General Government Appropriations Act, 2016	Placed on Senate Legislative Calendar under General Orders. Calendar No. 176.	Related
SCRes11	An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2016 and setting forth the appropriate budgetary levels for fiscal years 2017 through 2025.	Message on Senate action sent to the House.	Related

Bill > S752

summary

Introduced Session

Bill Summary

AI Summary

Committee Categories

Sponsors (14)

Last Action

Official Document

bill text

bill summary

bill summary

bill summary