To require that any amounts received by the Federal Government as a result of the release of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation be used for State housing revolving loan funds for middle-class housing supply, and for other purposes.
Analysis under review: This bill has generated analysis that may be too generic or incomplete. Clause-level evidence remains available below.
Summary
What This Bill Does
The bill expands a loan guarantee, compliance mandate provision: 2. Amounts received from release of Federal National Mortgage Association and Federal Home Loan Mortgage Corporation Notwithstanding any other provision of law and reduces a appropriation, loan guarantee, reporting req provision: 3. Revolving loan fund for middle-class housing supply. It relies on loan guarantees, compliance mandates, appropriations, and reporting requirements. The main policy areas are Finance and Healthcare.
Who Benefits and How
The available clause analysis does not identify a specific beneficiary group.
Who Bears the Burden and How
No clear private burden is identified from the available clause analysis; implementing agencies may still take on administrative work.
Key Provisions
- Expands a loan guarantee, compliance mandate provision: 2. Amounts received from release of Federal National Mortgage Association and Federal Home Loan Mortgage Corporation Notwithstanding any other provision of law...
- Reduces a appropriation, loan guarantee, reporting req provision: 3. Revolving loan fund for middle-class housing supply.
Evidence Chain:
This summary is generated from the full bill text using AI analysis. Expand "Detailed Analysis" below for primary purpose and policy domains.
At a Glance
What This Bill Does
The bill expands a loan guarantee, compliance mandate provision: 2. Amounts received from release of Federal National Mortgage Association and Federal Home Loan Mortgage Corporation Notwithstanding any other provision of law and reduces a appropriation, loan guarantee, reporting req provision: 3. Revolving loan fund for middle-class housing supply.
Key Policy Areas
Finance, Healthcare
Primary Purpose
The bill expands a loan guarantee, compliance mandate provision: 2. Amounts received from release of Federal National Mortgage Association and Federal Home Loan Mortgage Corporation Notwithstanding any other provision of law and reduces a appropriation, loan guarantee, reporting req provision: 3. Revolving loan fund for middle-class housing supply.
Policy Domains
Sponsors
Legislative Progress
IntroducedMr. Suozzi (for himself and Ms. Malliotakis) introduced the following …
Impact analysis is available but no clear stakeholder effects identified. View clause-level analysis →
Bill Structure & Actor Mappings
Who is "The Secretary" in each section?
- "secretary_of_labor"
- → Secretary of Labor
- "secretary_of_housing_and_urban_development"
- → Secretary of Housing and Urban Development
Key Definitions
Terms defined in this bill
a project labor agreement that— binds all contractors and subcontractors on the construction project through the inclusion of appropriate specifications in all relevant solicitation provisions and contract documents
We use a combination of our own taxonomy and classification in addition to large language models to assess meaning and potential beneficiaries. High confidence means strong textual evidence. Always verify with the original bill text.
Learn more about our methodology