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![handle is hein.congrecreports/crptxafih0001 and id is 1 raw text is: AUTHENTICATED
U.GOVERNMENT
INFORMATION .
118TH CONGRESS REPORT
1st Session HOUSE OF REPRESENTATIVES 118-103
MIDDLE CLASS BORROWER PROTECTION ACT OF 2023
JUNE 7, 2023.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. MCHENRY, from the Committee on Financial Services,
submitted the following
R E P O R T
together with
MINORITY VIEWS
[To accompany H.R. 3564]
The Committee on Financial Services, to whom was referred the
bill (H.R. 3564) to cancel recent changes made by the Federal
Housing Finance Agency to the up-front loan level pricing adjust-
ments charged by Fannie Mae and Freddie Mac for guarantee of
single-family mortgages, and for other purposes, having considered
the same, reports favorably thereon with an amendment and rec-
ommends that the bill as amended do pass.
The amendment is as follows:
Strike all after the enacting clause and insert the following:
SECTION 1. SHORT TITLE.
This Act may be cited as the Middle Class Borrower Protection Act of 2023.
SEC. 2. REPEAL OF RECALIBRATED SINGLE-FAMILY PRICING FRAMEWORK.
Not later than the expiration of the 60-day period beginning on the date of the
enactment of this Act, the Director of the Federal Housing Finance Agency shall re-
vise the recalibrated single-family pricing framework charged by the enterprises for
guarantee of mortgages on single-family housing so that such fees are identical to
the fees of the standard single-family pricing framework in effect immediately before
May 1, 2023.
SEC. 3. RESTRICTIONS ON FHFA ADJUSTMENTS TO SINGLE-FAMILY PRICING FRAMEWORK.
(a) TEMPORARY PROHIBITION ON FURTHER ADJUSTMENTS TO SINGLE-FAMILY PRIC-
ING FRAMEWORK.-During the period beginning upon the date of the revision of the
recalibrated single-family pricing framework pursuant to section 2 and ending 90
days after the submission to the Congress of the report required under section 5,
the Director may not further revise the single-family pricing framework from such
framework in effect pursuant to the revision required by section 2.
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