# 119-s-1603: Preserving Rural Housing Investments Act

119-s-1603, Preserving Rural Housing Investments Act, is a 119th Congress bill sponsored by Sen. Moran, Jerry [R-KS] (R-KS); status introduced; PRIA reads it as touching household money (as of 2025-12-21).

- Canonical: https://policyrisk.com/legislation/119-s-1603
- As of: 2025-12-21
- Plain-text twin of the page above; the HTML and this file carry the same facts.

## Facts
- Bill: 119-s-1603
- Congress: 119
- Title: Preserving Rural Housing Investments Act
- Status: introduced
- Introduced: 2025-05-06
- Sponsor: Sen. Moran, Jerry [R-KS] (R-KS)
- Cosponsors: 3
- Policy area: Taxation
- Touches household money: yes
- Last recorded action: 2025-12-21

## 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. - 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.

## Cosponsors (3)

- Sen. Young, Todd [R-IN] (R-IN), 2025-05-06T00:00:00.000Z
- Sen. Welch, Peter [D-VT] (D-VT), 2025-05-06T00:00:00.000Z
- Sen. Warner, Mark R. [D-VA] (D-VA), 2025-05-06T00:00:00.000Z

## Provisions PRIA read

- New tax rule for Fannie and Freddie: mixed, low. 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 wou…

## Related bills

- 119-s-4744: Take Care of America’s Veterans Act
- 119-s-1748: Kids Online Safety Act
- 119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026
- 119-s-1241: Sanctioning Russia Act of 2025
- 119-s-2503: ROTOR Act
- 119-s-1261: CONNECT for Health Act of 2025

## Sources
- [119-s-1603 on Congress.gov](https://www.congress.gov/bill/119th-congress/senate-bill/1603)

## Related
- [119-s-4744: Take Care of America’s Veterans Act](https://policyrisk.com/legislation/119-s-4744)
- [119-s-1748: Kids Online Safety Act](https://policyrisk.com/legislation/119-s-1748)
- [119-s-3923: Weather Research and Forecasting Innovation Reauthorization Act of 2026](https://policyrisk.com/legislation/119-s-3923)
- [119-s-1241: Sanctioning Russia Act of 2025](https://policyrisk.com/legislation/119-s-1241)
- [119-s-2503: ROTOR Act](https://policyrisk.com/legislation/119-s-2503)
- [119-s-1261: CONNECT for Health Act of 2025](https://policyrisk.com/legislation/119-s-1261)
- [All bills in Congress](https://policyrisk.com/legislation)

Source: PRIA, https://policyrisk.com/legislation/119-s-1603 (as of 2025-12-21).