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Tax Clarification for Fannie Mae and Freddie Mac: Protecting Rural Housing Investments.

This law amends tax rules concerning government-sponsored housing agencies like Fannie Mae and Freddie Mac. The goal is to protect investments in housing finance, especially in rural areas, by clarifying that government ownership does not trigger adverse tax consequences. This aims to stabilize the mortgage market and support housing availability.
Key points
Clarifies tax rules for government holdings in major housing finance entities (Fannie Mae and Freddie Mac).
Supports the stability of financing for housing, particularly for rural communities.
The changes apply retroactively to tax years ending after July 30, 2008.
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Status: Expired
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Additional Information
Print number: 118_HR_9267
Sponsor: Rep. LaHood, Darin [R-IL-16]
Process start date: 2024-08-02
System Note: Lustra is free, publicly auditable civic infrastructure — full source code available on GitHub. You are reading sterilized legislative data, processed by our radical neutrality engine to strip political spin and retain factual mechanics. We process only official government data. Original documents remain the authoritative source—always verify them if you can.
Summarized by: gemini-2.5-flash-preview-09-2025
Source data: api.congress.gov
AI work logs for this document launch

OFFICIAL LEGAL TITLE

Preserving Rural Housing Investments Act

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 118_HR_9267.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2024-08-02.

What are the main provisions?

Key points include:

  • Clarifies tax rules for government holdings in major housing finance entities (Fannie Mae and Freddie Mac).
  • Supports the stability of financing for housing, particularly for rural communities.
  • The changes apply retroactively to tax years ending after July 30, 2008.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. LaHood, Darin [R-IL-16].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Ways and Means.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-26.

What is the impact of this bill?

We don't know—that is up to you to decide. Summarizing raw data with AI is fundamentally different from predicting socio-economic outcomes. As of 2026, we believe impact assessment strictly requires a human in the loop to verify and judge.

CATEGORIES

Taxes Real Estate Economy