PRIA Logo™
119-s-1603119th CongressWALLET

Preserving Rural Housing Investments Act

Sponsored By: Senator Moran, Jerry [R-KS]

Introduced

Summary

Excludes the United States and its agencies from being treated as 'tax-exempt entities' when applying specific tax-exempt controlled-entity rules to Fannie Mae and Freddie Mac. This bill would amend the tax code to make that clarification and would apply to taxable years ending after July 30, 2008.

Show full summary
  • Fannie Mae and Freddie Mac: Clarifies that the U.S. and its agencies do not count as 'tax-exempt entities' for the named controlled-entity rule.
  • Owners and tax professionals: Changes the legal classification used when those tax-exempt rules are applied to GSE stock for taxable years ending after July 30, 2008.

Personalized for You

How does this bill affect your finances?

Personalize government policy and PRIA will tell you what this bill means for your household, plus every other piece of legislation we track. PRIA reads each provision against your financial profile to show you exactly what matters to your wallet.

Free to download

Bill Overview

Analyzed Economic Effects

1 provisions identified: 0 benefits, 0 costs, 1 mixed.

New tax rule for Fannie and Freddie

This bill would exclude the U.S. government and its agencies from being treated as "tax-exempt" for a specific tax rule that applies to Fannie Mae and Freddie Mac. If enacted, that could change how ownership of their stock is taxed for some investors and for tax-exempt organizations. The change would apply to taxable years ending after July 30, 2008.

Sponsors & CoSponsors

Sponsor

Moran, Jerry [R-KS]

KS • R

Cosponsors

  • Sen. Young, Todd [R-IN]

    IN • R

    Sponsored 5/6/2025

  • Sen. Welch, Peter [D-VT]

    VT • D

    Sponsored 5/6/2025

  • Sen. Warner, Mark R. [D-VA]

    VA • D

    Sponsored 5/6/2025

Roll Call Votes

No roll call votes available for this bill.

View on Congress.gov
Back to Legislation