US Congress House Bill 3901 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 23-0)
Status: Introduced on January 16 2014 - 25% progression, died in committee
Action: 2014-01-16 - Referred to the House Committee on Financial Services.
Pending: House Financial Services Committee
Text: Latest bill text (Introduced) [PDF]

Pay Back the Taxpayers Act of 2014 - Prohibits the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs), during the term of any conservatorship or receivership, from making any contribution or transfer to, or allocate or set aside any amounts for, the Housing Trust Fund or the Capital Magnet Fund. Requires any amounts paid or repaid to the Secretary of the Treasury by a GSE in any form, during any conservatorship or receivership of the GSE, to be covered into the General Fund of the Treasury only for reducing the budget deficit of the federal government.

Pay Back the Taxpayers Act of 2014

Rep. Edward Royce [R-CA]	Rep. Michele Bachmann [R-MN]	Rep. Spencer Bachus [R-AL]	Rep. John Campbell [R-CA]
Sen. Shelley Capito [R-WV]	Sen. Tom Cotton [R-AR]	Rep. Sean Duffy [R-WI]	Rep. Stephen Fincher [R-TN]
Rep. Scott Garrett [R-NJ]	Rep. Michael Grimm [R-NY]	Rep. Jeb Hensarling [R-TX]	Rep. Bill Huizenga [R-MI]
Rep. Randy Hultgren [R-IL]	Rep. Robert Hurt [R-VA]	Rep. Frank Lucas [R-OK]	Rep. Patrick McHenry [R-NC]
Rep. Mick Mulvaney [R-SC]	Rep. Randy Neugebauer [R-TX]	Rep. Robert Pittenger [R-NC]	Rep. Ted Poe [R-TX]
Rep. Dennis Ross [R-FL]	Rep. Ann Wagner [R-MO]	Rep. Lynn Westmoreland [R-GA]

Date	Chamber	Action
2014-01-16	House	Referred to the House Committee on Financial Services.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/house-bill/3901/all-info
Text	https://www.congress.gov/113/bills/hr3901/BILLS-113hr3901ih.pdf