# 119-hr-9460: Sustainable Homeownership Act

119-hr-9460, Sustainable Homeownership Act, is a 119th Congress bill sponsored by Rep. Fitzgerald, Scott [R-WI-5] (R-WI); status introduced; PRIA reads it as touching household money (as of 2026-07-11).

- Canonical: https://policyrisk.com/legislation/119-hr-9460
- As of: 2026-07-11
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-hr-9460
- Congress: 119
- Title: Sustainable Homeownership Act
- Status: introduced
- Introduced: 2026-06-25
- Sponsor: Rep. Fitzgerald, Scott [R-WI-5] (R-WI)
- Cosponsors: 0
- Policy area: Housing and Community Development
- Touches household money: yes
- Last recorded action: 2026-07-11

## Summary

**Limits risky mortgage exposure and forces private risk‑sharing for Fannie Mae and Freddie Mac.** It would cap certain asset holdings, require private insurer guarantees on high‑loan‑to‑value loans, and dedicate some enterprise proceeds to deficit reduction or housing supply. - Families and borrowers: Restricts enterprise purchases of mortgages with unpaid balances above 80% of value and limits refinances over 97% of value except when the new loan cuts payments, shortens the term, or converts variable to fixed for at least 60 months. - Enterprises (Fannie Mae and Freddie Mac): Requires private insurer guarantees on the portion of loans above 80% with tiered minimums, bans pricing differences by seller size, and limits "covered assets" to the greater of 8% of total assets or a Treasury and FHFA set amount. - Treasury and regulators: Lets the Treasury convert senior preferred stock to common and exercise warrants. The FHFA must set capital standards in 90 days and warrants‑derived stock must be sold within 2 years.

## Provisions PRIA read

- Equal mortgage purchase terms for sellers: benefit, medium. If enacted, each enterprise would have to offer to buy eligible single‑family mortgages on substantially similar cash terms from any approved seller. Sellers must be approved and loans must meet underwriting rules. The enterprises would also be barred from charging different prices or contract term…
- Longer public review for new products: benefit, low. If enacted, the public comment period for new enterprise products or activities would increase from 30 days to 60 days, and the FHFA Director could add another 30 days. The Director would have to publish non‑proprietary decision details within 30 days and issue or revise rules within 90 days of ena…
- Higher mortgage insurance for high‑LTV loans: mixed, high. If enacted, the bill would require private insurance or guarantees on any mortgage amount above 80% of a home's value. The law would set banded minimums by LTV: about 12% for 80–85%, 25% for 85–90%, 30% for 90–95%, and 35% for 95–97% of the excess (with lower minima for some fixed‑rate loans and st…
- New capital, risk transfer, and exit rules: mixed, high. If enacted, the FHFA Director and the Treasury would implement a package of capital, fees, and conservatorship exit rules for the enterprises. The Director would set capital standards needed for exit within 90 days and could require stock sales or other actions if capital is insufficient. The Secre…
- Limit on GSE on‑balance mortgage holdings: mixed, medium. If enacted, each enterprise's covered assets would be capped at the larger of 8% of its total assets or a dollar amount set quarterly by the Treasury Secretary and the FHFA Director as needed for securitization and liquidity. "Covered assets" would include mortgages and mortgage‑related securities…
- Enterprise proceeds for deficit or housing: mixed, medium. If enacted, funds or proceeds from enterprise asset sales or dedicated enterprise receipts would be required to go either to deficit reduction or to support housing supply initiatives. Housing supply initiatives would include affordable and middle‑income housing as defined by the Treasury Secretary…

## Related bills

- 119-hr-4312: SCORE Act
- 119-hr-2570: Maximum Pressure Act
- 119-hr-6955: Main Street Capital Access Act
- 119-hr-6766: Essential Caregivers Act of 2025
- 119-hr-21: Born-Alive Abortion Survivors Protection Act
- 119-hr-10582: Motion Picture, Television, and Entertainment Revitalization Act

## Sources
- [119-hr-9460 on Congress.gov](https://www.congress.gov/bill/119th-congress/house-bill/9460)

## Related
- [119-hr-4312: SCORE Act](https://policyrisk.com/legislation/119-hr-4312)
- [119-hr-2570: Maximum Pressure Act](https://policyrisk.com/legislation/119-hr-2570)
- [119-hr-6955: Main Street Capital Access Act](https://policyrisk.com/legislation/119-hr-6955)
- [119-hr-6766: Essential Caregivers Act of 2025](https://policyrisk.com/legislation/119-hr-6766)
- [119-hr-21: Born-Alive Abortion Survivors Protection Act](https://policyrisk.com/legislation/119-hr-21)
- [119-hr-10582: Motion Picture, Television, and Entertainment Revitalization Act](https://policyrisk.com/legislation/119-hr-10582)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-hr-9460 (as of 2026-07-11).