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house Bill H.R. 3550

Pushing Government Out of Home Financing

Argument in favor

Would eliminate policies that distort markets and facilitate risky lending for low-income borrowers looking for homes. Taxpayers should be off the hook from another $187 billion bailout.

Argument opposed

Fannie Mae and Freddie Mac provide much needed liquid assets in home financing markets. Without them, it would be harder for the government to help low-income borrowers purchase homes.

bill Progress

  • Not enacted
    The President has not signed this bill
  • The senate has not voted
  • The house has not voted
      house Committees
      Research and Technology
      Committee on Appropriations
      Committee on Financial Services
      Committee on Science, Space, and Technology
      Committee on the Judiciary
      Antitrust, Commercial and Administrative Law
      Committee on Transportation and Infrastructure
      Highways and Transit
    IntroducedNovember 20th, 2013

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