Middle Class Borrower Protection Act of 2023
Policy Area: Finance and Financial Sector
Sponsor: Rep. Davidson, Warren [R-OH-8] (R-OH)
Latest Action (2023-07-10): Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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. (Sec. 3) Further adjustments to the fee structure by FHFA are prohibited until 90 days after the publication of a report by the Government Accountability Office (GAO) required by section 5 of the bill. After this period, FHFA must follow Administrative Procedure Act requirements when proposing adjustments to the fee structure. This section also requires that, to the greatest extent feasible, revisions to the fee schedule must be based on risk. (Sec. 4) FHFA, Fannie Mae, and Freddie Mac are prohibited from imposing any loan-level pricing adjustment fee that is based on the ratio of the debt of the mortgagor to the income of the mortgagor. (Sec. 5) The GAO must report on the changes to the fees made by the FHFA. (Sec. 7) This section extends through FY2033 the authority of Fannie Mae and Freddie Mac to charge a guarantee fee.
Subjects: Administrative law and regulatory procedures, Congressional oversight, Credit and credit markets, Federal Housing Finance Agency, Government Accountability Office (GAO), Government corporations and government-sponsored enterprises, Government information and archives, Government studies and investigations
Filter by Yea, Nay, or Absent
How members voted on HR3564. 726 total positions across all roll calls for this bill.
| Member | Date | Question | Vote | Result |
|---|---|---|---|---|
| Robert B. Aderholt (R-Alabama) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Jake Auchincloss (D-Massachusetts) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Mark E. Amodei (R-Nevada) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Alma S. Adams (D-North Carolina) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Pete Aguilar (D-California) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Rick W. Allen (R-Georgia) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Jodey C. Arrington (R-Texas) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Mark Alford (R-Missouri) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Sanford D. Bishop (D-Georgia) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Cliff Bentz (R-Oregon) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Stephanie I. Bice (R-Oklahoma) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Lauren Boebert (R-Colorado) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Gus M. Bilirakis (R-Florida) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Vern Buchanan (R-Florida) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Suzanne Bonamici (D-Oregon) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Joyce Beatty (D-Ohio) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Andy Barr (R-Kentucky) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Julia Brownley (D-California) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Ami Bera (D-California) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Brian Babin (R-Texas) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Donald S. Beyer (D-Virginia) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Mike Bost (R-Illinois) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Brendan F. Boyle (D-Pennsylvania) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Don Bacon (R-Nebraska) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Jim Banks (R-Indiana) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Nanette Diaz Barragán (D-California) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Jack Bergman (R-Michigan) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Andy Biggs (R-Arizona) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Lisa Blunt Rochester (D-Delaware) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Troy Balderson (R-Ohio) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| James R. Baird (R-Indiana) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Tim Burchett (R-Tennessee) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Shontel M. Brown (D-Ohio) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Aaron Bean (R-Florida) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Nikki Budzinski (D-Illinois) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Eric Burlison (R-Missouri) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Josh Brecheen (R-Oklahoma) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Becca Balint (D-Vermont) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Ken Calvert (R-California) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| James E. Clyburn (D-South Carolina) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Kat Cammack (R-Florida) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| John R. Carter (R-Texas) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Tom Cole (R-Oklahoma) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Ed Case (D-Hawaii) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Jim Costa (D-California) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Emanuel Cleaver (D-Missouri) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Henry Cuellar (D-Texas) | 2023-06-23 | Yea-and-Nay | Yea | Passed |
| Kathy Castor (D-Florida) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Yvette D. Clarke (D-New York) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
| Steve Cohen (D-Tennessee) | 2023-06-23 | Yea-and-Nay | Nay | Passed |
Showing 50 of 726 positions. JavaScript-enabled view supports filter by Yea/Nay/Absent and pagination.
