Homeownership Eligibility Reform Act

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 9514 Introduced in House (IH)]

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119th CONGRESS
  2d Session
                                H. R. 9514

  To restrict the eligibility of mortgagors to citizens of the United 
   States with respect to mortgage insurance provided by the Federal 
Housing Administration and the purchase and securitization of mortgages 
                     by Fannie Mae and Freddie Mac.

_______________________________________________________________________

                    IN THE HOUSE OF REPRESENTATIVES

                             June 29, 2026

Mr. Gill of Texas (for himself, Mr. Bilirakis, Mr. Perry, Mr. Moore of 
 Alabama, Ms. Mace, Mr. Cloud, Mr. Moore of West Virginia, Mr. Fuller, 
 Mr. Gosar, Mr. Jackson of Texas, Mr. Fine, Mr. Clyde, and Mr. Crane) 
 introduced the following bill; which was referred to the Committee on 
                           Financial Services

_______________________________________________________________________

                                 A BILL

 
  To restrict the eligibility of mortgagors to citizens of the United 
   States with respect to mortgage insurance provided by the Federal 
Housing Administration and the purchase and securitization of mortgages 
                     by Fannie Mae and Freddie Mac.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Homeownership Eligibility Reform 
Act''.

SEC. 2. ELIGIBILITY OF MORTGAGORS FOR FHA MORTGAGE INSURANCE.

    Section 203(b)(8) of the National Housing Act (12 U.S.C. 
1709(b)(8)) is amended to read as follows:
            ``(8) Is executed by a mortgagor who is a citizen of the 
        United States.''.

SEC. 3. ELIGIBILITY OF MORTGAGORS WITH RESPECT TO PURCHASE AND 
              SECURITIZATION BY FANNIE MAE AND FREDDIE MAC.

    (a) Requirement for Fannie Mae.--Section 302 of the Federal 
National Mortgage Association Charter Act (12 U.S.C. 1717) is amended 
in subsection (b)(2), by inserting after the second sentence the 
following: ``No such purchase of a conventional mortgage secured by a 
property comprising one- to four-family dwelling unit shall be made if 
the mortgagor is not a citizen of the United States.''.
    (b) Requirement for Freddie Mac.--Section 305 of the Federal Home 
Loan Mortgage Corporation Act (12 U.S.C. 1454) is amended in subsection 
(a)(2) by inserting after the first sentence the following: ``No such 
purchase of a conventional mortgage secured by a property comprising 
one- to four-family dwelling unit shall be made if the mortgagor is not 
a citizen of the United States.''.
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