Bills · 118th Congress · Finance and Financial Sector

Middle Class Borrower Protection Act of 2023

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Roll calls on this bill

Votes on passage
HouseOn Passage · 6/23/23PassageThe vote on whether this chamber approves the measure — usually by a simple majority of those voting. It becomes law only once both chambers pass the same text and the president signs it, or Congress overrides a veto.House: The Legislative Process ↗
Passed
  • Democratic14 Yea · 189 Nay · 9 Not voting
  • Republican216 Yea · 0 Nay · 5 Not voting
  • Independent / Other0 Yea · 0 Nay · 0 Not voting
Official summary (CRS)

Middle Class Borrower Protection Act of 2023

This bill rolls back changes made by the Federal Housing Finance Agency (FHFA) to the fees charged by Fannie Mae and Freddie Mac for a conventional single-family mortgage (i.e., loan-level pricing adjustments) and restricts future fee adjustments. These changes, effective May 1, 2023, revised the fee charts that provide percentage adjustments based on a mortgagor's credit score and down payment.

(Sec. 2) This section reinstates the fee structure that was in place prior to May 1, 2023.

Full text on congress.gov ↗
Sponsor
Rep. Warren Davidson ( Republican · OH-8)
Cosponsors
13
Introduced
5/22/23
Policy area
Finance and Financial Sector
Status
5/22/23Referred to the House Committee on Financial Services.
5/22/23Introduced in House
5/24/23Ordered to be Reported in the Nature of a Substitute (Amended) by the Yeas and Nays: 26 - 22.
5/24/23Committee Consideration and Mark-up Session Held
6/7/23Placed on the Union Calendar, Calendar No. 79.
6/7/23Reported (Amended) by the Committee on Financial Services. H. Rept. 118-103.
6/20/23Rules Committee Resolution H. Res. 524 Reported to House. Rule provides for consideration of H.R. 3564, H.R. 3799 and H. Res. 461. The resolution provides for consideration of H.R. 3564 under a structured rule with one hour of general debate; H.R. 3799 under a structured rule with eighty minutes of general debate; and H.Res. 461, under a closed rule with one hour of general debate. The resolution provides for a motion to recommit on H.R. 3564 and H.R. 3799.
6/23/23Motion to reconsider laid on the table Agreed to without objection.
6/23/23On passage Passed by the Yeas and Nays: 230 - 189 (Roll no. 289).
6/23/23Passed/agreed to in House: On passage Passed by the Yeas and Nays: 230 - 189 (Roll no. 289).
6/23/23On motion to recommit Failed by the Yeas and Nays: 197 - 214 (Roll no. 288).
6/23/23The previous question on the motion to recommit was ordered pursuant to clause 2(b) of rule XIX.
6/23/23Mr. Cleaver moved to recommit to the Committee on Financial Services. (text: CR H3127)
6/23/23The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
6/23/23The previous question was ordered pursuant to the rule.
6/23/23The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3564.
6/23/23DEBATE - Pursuant to the provisions of H. Res. 524, the Committee of the Whole proceeded with 10 minutes of debate on the Pettersen amendment No. 4.
6/23/23DEBATE - Pursuant to the provisions of H. Res. 524, the Committee of the Whole proceeded with 10 minutes of debate on the Lee (NV) amendment No. 3.
6/23/23DEBATE - Pursuant to the provisions of H. Res. 524, the Committee of the Whole proceeded with 10 minutes of debate on the Lee (NV) amendment No. 2.
6/23/23DEBATE - Pursuant to the provisions of H. Res. 524, the Committee of the Whole proceeded with 10 minutes of debate on the Boebert amendment No. 1.
6/23/23GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 3564.
6/23/23House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 524 and Rule XVIII.
6/23/23The Speaker designated the Honorable Dan Newhouse to act as Chairman of the Committee.
6/23/23Rule provides for consideration of H.R. 3564, H.R. 3799 and H. Res. 461. The resolution provides for consideration of H.R. 3564 under a structured rule with one hour of general debate; H.R. 3799 under a structured rule with eighty minutes of general debate; and H.Res. 461, under a closed rule with one hour of general debate. The resolution provides for a motion to recommit on H.R. 3564 and H.R. 3799.
6/23/23Considered under the provisions of rule H. Res. 524. (consideration: CR H3115-3128; text: CR H3120)
7/10/23Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.