End federal control of Fannie Mae and Freddie Mac

Fitzgerald’s Sustainable Homeownership Act would create a route for mortgage-financing companies Fannie Mae and Freddie Mac to leave federal control. It would bring more private capital into the mortgage market, limit risky growth in the companies’ financial holdings, and protect equal access for small lenders. It would also tie growth in their mortgage loan limits more closely to household income. Fitzgerald says the changes are intended to make housing finance more sustainable and reduce the risk of future taxpayer-funded bailouts. The bill was introduced, not enacted.

Context: The proposal would also permit certain enterprise funds to support housing supply initiatives.

In their own words

The bill locks in conservative reforms that have been done administratively, brings more private capital into the mortgage market

The source

Fitzgerald: original package of housing legislation

Published: Original date not established; campaign context manually checked
Retrieved: 11/12/2026