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Protecting America's Property Rights Act

H.R. 5837 Rep. Andrew Garbarino (R-NY-2) In committee
Bill text PDF
  1. Introduced Sep 29
  2. Committee Sep 29
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Sep 29, 2023Next: House vote
1125d ago Sep 29, 2023: Referred to the House Committee on Financial Services.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
2companies, 2 filings
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Summary

Protecting America's Property Rights Act

Full summary3 paragraphs

This bill requires title insurance on conventional mortgages purchased by Fannie Mae and Freddie Mac. Specifically, these mortgages must be secured by real property and the priority of the mortgage lien must be insured by a title insurance company that is licensed and authorized to do business in the appropriate state, territory, or district.

The bill also prohibits Fannie Mae and Freddie Mac from implementing any new program without the approval of the Federal Housing Finance Agency (FHFA), in addition to the approval of the Department of the Treasury as under current law. Approval from both is also required for any new activity, product, or type of risk.

FHFA must appear before Congress on a semiannual basis regarding new programs, activities, products, or types of risk.

Library of Congress summary, Sep 29, 2023

Summary versions
  • Introduced in HouseSep 29, 2023

Official record from Congress.gov, the House Clerk and the Senate; lobbying from Lobbying Disclosure Act filings. Updated Oct 27, 2026.