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Protecting America's Property Rights Act

H.R. 3206 Rep. Andrew Garbarino (R-NY-2) In committee
Bill text PDF
  1. Introduced May 6
  2. Committee May 6
  3. Passed House Next
  4. Passed Senate Not yet
  5. To President Not yet
  6. Law Not yet
Where it stands
In committee, May 6, 2025Next: House vote
540d ago May 6, 2025: Referred to the House Committee on Financial Services.
Final votes
No roll callsNo recorded vote on this bill yet
Lobbying
2companies, 11 filings
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Summary

Protecting America's Property Rights Act

Full summary3 paragraphs

This bill directs the government-sponsored enterprises, Fannie Mae and Freddie Mac, to establish standards for the use of products such as title insurance. (The enterprises facilitate liquidity in the mortgage market by purchasing mortgages and issuing mortgage-backed securities.)

Specifically, the enterprises must establish regulations or guidelines for risk management related to loss or damage from liens upon, encumbrances on, or defects in the title to property, or the invalidity or unenforceability of any liens or encumbrances on property by using third party products subject to state regulation.

Further, the enterprises must hold an additional 1% of the unpaid principal of any mortgage that does not meet the above regulations or guidelines as part of each enterprise’s minimum capital levels.

Library of Congress summary, May 6, 2025

Summary versions
  • Introduced in HouseMay 6, 2025

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