Bill · H.R. 3206· House(119-HR-3206)

Protecting America's Property Rights Act

Age: 42 years

New York

Introduced: 5/6/2025
Last activity: 5/6/2025 — Referred to the House Committee on Financial Services.
Sponsored by: Andrew Garbarino
Cosponsors: - 13 - 11

Finance and Financial Sector

Introduced
In Committee

What this bill would do

This bill, titled the "Protecting America's Property Rights Act," aims to add requirements for how the Enterprises handle conventional mortgages. It focuses on managing risks related to property liens, encumbrances, or title defects. The bill requires the Enterprises to manage these risks by using third-party products regulated by a State insurance authority or a State regulator. Additionally, it mandates that the Enterprises hold extra capital if they do not meet these specific requirements. The Director is tasked with issuing necessary regulations and guidance within 180 days of the act's enactment.

Yes· 3 of 4

Does this give people more protection from unfair business practices?+5
The requirement for risk management regarding liens and title defects provides better protection for property owners.
Does this make the government pay for what it commits to?+3
By mandating higher capital standards for certain mortgages, the bill aims to strengthen the financial stability of the Enterprises.
Does this give the federal government more power?+3
The bill increases federal oversight by requiring the Director to issue new regulations and capital standards.