HR 5837
Protecting America's Property Rights Act
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Bill overview
The Protecting America’s Property Rights Act aims to strengthen oversight of Fannie Mae and Freddie Mac, the government-sponsored enterprises that play a significant role in the housing market. Specifically, it requires that all conventional mortgages purchased by these entities be secured by real property and backed by title insurance from a licensed company in the property’s location. Furthermore, the bill mandates that any new programs or activities undertaken by these agencies require approval from both the Director of the Federal Housing Finance Agency and the Secretary of the Treasury, with regular reporting to Congress.
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Primary sponsor
Cosponsors
Blaine Luetkemeyer
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