H. Con. Res. 71 (115th Congress)

Concurrent Resolution on the Budget for Fiscal Year 2018

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TITLE III—BUDGET ENFORCEMENT IN THE HOUSE OF REPRESENTATIVES

 Subtitle A—Budget Enforcement

sec. 312. prohibition on use of guarantee fees as an offset.

In the House of Representatives, any provision of a bill or joint resolution, or amendment thereto or conference report thereon, that increases, or extends the increase of, any guarantee fees of the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) shall not be counted for purposes of enforcing the Congressional Budget Act of 1974, this concurrent resolution, or clause 10 of rule XXI of the Rules of the House of Representatives.

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House Budget Committee Report on Budget Resolution

(H. Rept. 115-240, Report on H. Con. Res. 71 (115th Congress))

Section 312. Prohibition on Use of Guarantee Fees as an Offset.

Section 312 changes the scoring of certain fees imposed by government-sponsored enterprises from counting as budgetary savings for purposes of budget enforcement. The rule applies to both the Federal National Mortgage and the Federal Home Loan Mortgage Corporation. Under the rule, a committee may not offset spending or revenue legislation in the same or separate legislation with fee increases or extensions of such increases.

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[BCD  § 010.43]