HR 53 Re-checks Congress.gov for new actions and updates the bill's status, and fills in any sponsors, committees, or related bills that are missing. It does not re-pull sponsors/cosponsors/committees/related — those rarely change — and it skips all work if nothing has changed upstream, so it's cheap to click.
Responsible Borrower Protection Act of 2025
To cancel certain proposed changes to credit fees charged by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, and for other purposes.
Summary
This bill cancels the single-family housing mortgage credit fee pricing changes announced by the Federal Housing Finance Agency on January 19, 2023. The changes, detailed in Fannie Mae Lender Letter LL-2023-01 and Freddie Mac Bulletin 2023-1, would be voided and have no effect. However, the bill does not prohibit Fannie Mae and Freddie Mac from continuing to apply risk-based pricing for credit fees on mortgages. This preserves the enterprises' ability to charge different fees based on borrower risk.
AI-generated plain-language summary of the bill text — neutral, and may be imperfect. See the full text below for the exact wording.
Sponsor (1)
- Rep. Biggs, Andy [R-AZ-5] (R-AZ)
7 cosponsors
- Rep. Bost, Mike [R-IL-12] (R-IL)
- Rep. Burlison, Eric [R-MO-7] (R-MO)
- Rep. Cline, Ben [R-VA-6] (R-VA)
- Rep. Cloud, Michael [R-TX-27] (R-TX)
- Rep. Donalds, Byron [R-FL-19] (R-FL)
- Rep. Ogles, Andrew [R-TN-5] (R-TN)
- Rep. Weber, Randy K. Sr. [R-TX-14] (R-TX)
Money behind the sponsor
Top reported contributors to Andy Biggs’s campaign committee (2024 cycle) — who funds the bill’s sponsor, not a claim about this bill. Data from FEC.
- SAULSBURY INDUSTRIES $9,900
- 21ST CENTURY HEALTHCARE $7,500
- ULINE $6,600
- TW LEWIS COMPANY $6,600
- LEE BENSON $6,600
Organizations whose employees gave the most — itemized individual contributions grouped by the donor’s reported employer (FEC Schedule A). Full finance for Andy Biggs → · Outside spending →
Actions (2)
- Jan 3, 2025 Referred to the House Committee on Financial Services. · house
- Jan 3, 2025 Introduced in House
More bills on these subjects (8)
Other bills that carry the most legislative subjects in common with this one (topical discovery — distinct from the procedural related bills above).
Similar bills (6)
Bills with similar text or summary — includes reintroductions across Congresses. Ranked by semantic similarity of the bill text (computed locally); a neutral discovery aid, not a claim the bills are duplicates.
Text versions (1)
Bills are re-published as they move (Introduced → Reported → Engrossed → Enrolled …). Each stage below is a separate text; pick two to see what changed. Data from Congress.gov.
Full text
IN THE HOUSE OF REPRESENTATIVES
January 3, 2025
Mr. Biggs of Arizona (for himself, Mr. Ogles, Mr. Burlison, Mr. Weber of Texas, Mr. Cline, Mr. Bost, and Mr. Cloud) introduced the following bill; which was referred to the Committee on Financial Services
A BILL
To cancel certain proposed changes to credit fees charged by the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation, and for other purposes.
Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,
SECTION 1. SHORT TITLE.
This Act may be cited as the “Responsible Borrower Protection Act of 2025”.
SEC. 2. CANCELLATION OF CHANGES.
The Federal Housing Finance Agency and the enterprises (as such term is defined in section 1303 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4502)) may not implement the changes to the single-family housing mortgage credit fee pricing framework of the enterprises announced by the Federal Housing Finance Agency on January 19, 2023 (“FHFA Announces Updates to the Enterprises’ Single-Family Pricing Framework”), and set forth in Federal National Mortgage Association Lender Letter LL-2023-01 and Federal Home Loan Mortgage Corporation Bulletin 2023-1, and such changes, Lender Letter, and Bulletin shall have no force or effect.
SEC. 3. CONTINUATION OF RISK-BASED PRICING.
This Act may not be construed to prohibit the enterprises from applying risk-based pricing for credit fees for single-family housing mortgages. <all>
Comments