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Protecting America's Property Rights Act

S. 2687 Sen. John Kennedy (R-LA) In committee
Bill text PDF
  1. Introduced Jul 27
  2. Committee Jul 27
  3. Passed Senate Next
  4. Passed House Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, Jul 27, 2023Next: Senate vote
1189d ago Jul 27, 2023: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
1company, 1 filing
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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, Jul 27, 2023

Summary versions
  • Introduced in SenateJul 27, 2023

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