CONGRESS FOR VOTERS

DemocratAmendment · S.Amdt. 1066· Senate(119-SAMDT-1066)

S.Amdt. 1066

Rep. Warren
Age: 77 years
Massachusetts
Introduced
2/20/2025
Sponsored by
Elizabeth Warren
Cosponsors
None
Changes bill
119-SCONRES-7 — An original concurrent resolution setting forth the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034.
  1. Introduced
  2. Pending Consideration

What this amendment would do

As your legislative analyst, let's break down what this amendment is all about in plain English. Ms. Warren submitted SA 1066 to the congressional budget resolution for fiscal year 2025, and it was ordered to lie on the table.

What It Aims to Change or Add

The amendment adds a new point of order in the Senate. Here is what that means for our elected officials:

  • Protects Housing Affordability: It makes it out of order in the Senate to consider any measure that ends the conservatorships of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation if it raises mortgage rates or makes housing less affordable for American families.
  • Blocks Investor Windfalls: It also stops these actions if they create a windfall for hedge funds and other wealthy investors.
  • Sets a High Voting Bar: To bypass this rule or appeal a ruling by the Chair, it requires a three-fifths affirmative vote of the Senators chosen and sworn.