Congress has extended the current Transportation Bill until Friday, December 4. The extension was passed to give the members of the House-Senate Conference Committee additional time to reconcile the differences between the House bill, which includes the NAR-supported amendment removing the Fannie Mae/Freddie Mac G-Fee as a funding mechanism, and the Senate Bill which relies on an extension of the G-Fee to help finance the Transportation Bill. Of the House members included in the Conference talks are Representatives Jeb Hensarling (R-TX) and Randy Neugebauer (R-TX), who successfully offered an amendment to remove the use of Fannie Mae and Freddie Mac guarantee fees (g-fees) from the House’s transportation package. Ideally their expertise and leadership will carry forward during the negotiations with the Senate to remove g-fees as a funding stream for transportation.
HAR’s participation rate is at 11.4%. We need your help to reach the national goal of 20%! Take action now to prevent Congress from placing an unnecessary long-term burden on American homeowners!