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H.R. 7754

U.S. House•In House Committee

Summary

H.R. 7754, the Take Your Rate Act of 2026, was introduced in the House on Mar 3, 2026 by Rep. Tom Barrett (R). It was referred to Financial Services, and last saw action on Mar 3, 2026: Referred to the House Committee on Financial Services.

Record

Text

H.R. 7754 has no co-sponsors and has not gone to a roll call.

hb7754/introduced-in-house.txt
119 HR 7754 IH: Take Your Rate Act of 2026
 U.S. House of Representatives
 2026-03-03
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  2d Session  H. R. 7754  IN THE HOUSE OF REPRESENTATIVES   March 3, 2026   Mr. Barrett  introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To require a study on the feasibility and potential impacts of portable Federally backed mortgage loans, and for other purposes.
1.
Short title
This Act may be cited as the   Take Your Rate Act of 2026  .
2.
Study on mortgage portability
(a)
In general
The Secretary of Housing and Urban Development and the Director of the Federal Housing Finance Agency shall jointly conduct a study on the feasibility and potential impacts of mortgage loan portability for Federally backed mortgage loans.
(b)
Required considerations
The study required under subsection (a) shall include an analysis of—
(1)
administrative and operational feasibility;
(2)
the effect on the housing market if Federally backed mortgage loans were portable;
(3)
any changes to rulemaking and regulations at the Department of Housing and Urban Development and the Federal Housing Finance Agency to allow such mortgages to become portable;
(4)
how many current borrowers would benefit from such portable mortgages;
(5)
the budgetary impact that such portable mortgages would have on the Federal Government;
(6)
the financial safety and soundness implications for federally backed mortgage programs and the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation if such mortgages were portable;
(7)
any statutory changes needed, if any;
(8)
recommendations on whether a limited demonstration program would be beneficial and how it should be administered;
(9)
any other information the Secretary of Housing and Urban Development and the Director of the Federal Housing Finance Agency finds important to include; and
(10)
if the Secretary and Director determines that it is not feasible, recommendations regarding similar solutions or alternative program designs that could be administered to provide relief on the housing market.
(c)
Consultation
The Secretary of Housing and Urban Development and the Director of the Federal Housing Finance Agency may consult with the following entities if it would be beneficial for the study and report:
(1)
The Federal National Mortgage Association.
(2)
The Federal Home Loan Mortgage Corporation.
(3)
The Federal Housing Administration.
(4)
The Department of Veterans Affairs.
(5)
The Department of Agriculture.
(6)
Mortgage lenders and servicers.
(7)
Any other Federal agencies, departments, or outside industries that it sees as beneficial.
(d)
Federally backed mortgage loan defined
In this Act, The term  Federally backed mortgage loan  means any loan (other than temporary financing such as a construction loan) that—
(1)
is secured by a first or subordinate lien on residential real property (including individual units of condominiums and cooperatives) designed principally for the occupancy of 1 to 4 families, including any such secured loan, the proceeds of which are used to prepay or pay off an existing loan secured by the same property; and
(2)
is made in whole or in part, or insured, guaranteed, supplemented, or assisted in any way, by any officer or agency of the Federal Government or under or in connection with a housing or urban development program administered by the Secretary of Housing and Urban Development or a housing or related program administered by any other such officer or agency, or is purchased or securitized by the Federal Home Loan Mortgage Corporation or the Federal National Mortgage Association.
3.
Report to Congress
Not later than 180 days after the date of enactment of this Act, the Secretary and the Director shall submit to the Committee on Financial Services of the House of Representatives and the Committee on Banking, Housing, and Urban Affairs of the Senate a joint report containing—
(1)
the findings of the study required under section 2;
(2)
policy recommendations, if any;
(3)
an assessment of risks and benefits to taxpayers and financial markets; and
(4)
any dissenting views from either agency.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2026-03-03
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

To require a study on the feasibility and potential impacts of portable Federally backed mortgage loans, and for other purposes.

Sponsors

Rep. Tom Barrett (R) sponsors H.R. 7754 alone.

Tom Barrett

Rep. · R–MI-7 · Sponsor

Committees

H.R. 7754 went before 1 committee: Financial Services.

Financial Services
Financial Services
Referred To · Mar 3, 2026 · 559 Bills

Actions

H.R. 7754 has taken 2 actions since Mar 3, 2026.

ChamberAction
Mar 3, 2026
House
Introduced in House
Mar 3, 2026
House
Referred to the House Committee on Financial Services.Financial Services Committee

Votes

H.R. 7754 has not gone to a roll call.

Titles

H.R. 7754 goes by 3 titles, 1 of them short titles.

  • Take Your Rate Act of 2026 — Display Title
  • Take Your Rate Act of 2026 — Short Title(s) as Introduced
  • To require a study on the feasibility and potential impacts of portable Federally backed mortgage loans, and for other purposes. — Official Title as Introduced

Classification

The Congressional Research Service files H.R. 7754 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 7754’s is Finance and Financial Sector.

hr7754/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 7754, as entered in the Congressional Record.

[Congressional Record Volume 172, Number 40 (Tuesday, March 3, 2026)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. BARRETT:H.R. 7754.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H2369]

Source: congress.gov · legiscan.com