# 114-hr-6487: Taxpayer Protections and Market Access for Mortgage Finance Act of 2016

114-hr-6487, Taxpayer Protections and Market Access for Mortgage Finance Act of 2016, is a 114th Congress bill sponsored by ED ROYCE (R-CA); status Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit. (as of 2025-11-18).

- Canonical: https://policyrisk.com/legislation/114-hr-6487
- As of: 2025-11-18
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 114-hr-6487
- Congress: 114
- Title: Taxpayer Protections and Market Access for Mortgage Finance Act of 2016
- Status: Referred to the Subcommittee on Commodity Exchanges, Energy, and Credit.
- Introduced: 2016-12-08
- Sponsor: ED ROYCE (R-CA)
- Cosponsors: 1
- Policy area: Housing and Community Development
- Touches household money: no
- Last recorded action: 2025-11-18

## Summary

Taxpayer Protections and Market Access for Mortgage Finance Act of 2016 This bill amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to direct the Federal Housing Finance Agency (FHFA) to establish guidelines to require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to engage in significant and increasing credit risk transfer transactions. A "risk transfer transaction" provides for: (1) the sale, disposition, retention, or transfer within the private sector of credit risk on any single-family residential mortgage loan or a pool of such loans that back securities on which the enterprise guarantees the timely payment of principal and interest; or (2) the retention by the private sector of any such credit risk in connection with the sale of any such loan or security to an enterprise. The enterprises may set and publish guarantee fees commensurate with the reduced credit risk resulting from any new risk transfer transactions. The bill exempts certain swaps entered into for the purpose of transferring or sharing credit risk in connection with a risk transfer transaction from the Commodity Exchange Act. The FHFA must also require Fannie Mae and Freddie Mac to: (1) establish a five-year pilot program under which each enterprise must annually engage in at least one front-end (before or simultaneous with the acquisition of the loan or security by the enterprise) risk sharing transaction for which both bank and non-bank mortgage originators having under $10 billion in assets are eligible participants, and (2) jointly establish a pilot program to increase the amount of risk that is transferred by the enterprises using private mortgage insurance.

## Cosponsors (1)

- Rep. Moore, Gwen [D-WI-4] (D-WI), 2016-12-08T00:00:00.000Z

## Related bills

- 114-hr-5405: SOAR to Health and Wellness Act of 2016
- 114-hr-5332: Women, Peace, and Security Act of 2016
- 114-hr-4481: Education for All Act of 2016
- 114-hr-4238: To amend the Department of Energy Organization Act and the Local Public Works Capital Development and Investment Act of 1976 to modernize terms relating to min…
- 114-hr-3268: PAST Act
- 114-hr-2978: Thirteenth Amendment Commemorative Coin Act

## Sources
- [114-hr-6487 on Congress.gov](https://www.congress.gov/bill/114th-congress/house-bill/6487)

## Related
- [114-hr-5405: SOAR to Health and Wellness Act of 2016](https://policyrisk.com/legislation/114-hr-5405)
- [114-hr-5332: Women, Peace, and Security Act of 2016](https://policyrisk.com/legislation/114-hr-5332)
- [114-hr-4481: Education for All Act of 2016](https://policyrisk.com/legislation/114-hr-4481)
- [114-hr-4238: To amend the Department of Energy Organization Act and the Local Public Works C…](https://policyrisk.com/legislation/114-hr-4238)
- [114-hr-3268: PAST Act](https://policyrisk.com/legislation/114-hr-3268)
- [114-hr-2978: Thirteenth Amendment Commemorative Coin Act](https://policyrisk.com/legislation/114-hr-2978)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/114-hr-6487 (as of 2025-11-18).