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Tax Clarity for Rural Housing Investments: Supporting Fannie and Freddie.

This bill makes a technical change to tax law to protect investments in housing, particularly in rural areas. It clarifies that the U.S. government is not considered a tax-exempt entity when holding stock in Fannie Mae and Freddie Mac. This prevents certain investors involved in housing finance from facing adverse tax consequences, helping to stabilize the availability of mortgages and housing funding.
Key points
Stabilizing Housing Finance: The change removes tax uncertainty for investors supporting Fannie Mae and Freddie Mac, which are vital to the mortgage market.
Support for Rural Housing: Maintaining the financial stability of these agencies indirectly supports the availability and affordability of housing, especially in rural communities.
Retroactive Application: The new tax rules apply retroactively to taxable years ending after July 30, 2008.
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Expired
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Additional Information
Print number: 118_S_4933
Sponsor: Sen. Moran, Jerry [R-KS]
Process start date: 2024-08-01
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Summarized by: gemini-flash-latest
Source data: api.congress.gov
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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_S_4933.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2024-08-01.

What are the main provisions?

Key points include:

  • Stabilizing Housing Finance: The change removes tax uncertainty for investors supporting Fannie Mae and Freddie Mac, which are vital to the mortgage market.
  • Support for Rural Housing: Maintaining the financial stability of these agencies indirectly supports the availability and affordability of housing, especially in rural communities.
  • Retroactive Application: The new tax rules apply retroactively to taxable 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 Sen. Moran, Jerry [R-KS].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

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

CATEGORIES

Taxes Real Estate