New Legislation Would Permanently Bar Using Fannie, Freddie G-Fees for Federal Spending
HousingWire, Apr. 13, 2016–Lane, Ben
Rep. Mark Sanford, R-S.C., introduced the bill, called H.R. 489 or the Risk Management and Homeowner Stability Act of 2016, earlier this week, along with Rep. Brad Sherman, D-Calif., and Rep. Randy Neugebauer, R-Texas. The bill would amend the Congressional Budget and Impoundment Control Act of 1974 to prohibit the use of guarantee fees as budgetary offsets.
