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Heck Introduces Legislation to Redirect Fannie, Freddie Guarantee Fees to HTF

Friday, January 17, 2020 - 11:00AM

Rep. Denny Heck, D-Wash., and three co-sponsors introduced legislation this week to redirect the guarantee fee levied by Fannie Mae and Freddie Mac to the National Housing Trust Fund. The Fulfilling the Promise of the Housing Trust Fund Act (H.R. 5599) would make the change effective Oct. 1, 2021. The guarantee fees are currently directed to create extra profits to reduce the federal deficit.

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