Fannie Mae-No Politics (FNMA)

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Downward pressure coming: Congressman Hensarling will move on the bill Tuesday. Hensarling is a pol who knows the game.

To: Members of the Committee on Financial Services

From: Financial Services Committee Majority Staff

Date: July 18, 2013

Subject: July 23 Full Committee Markup

The Committee on Financial Services will mark up the following bill at 10:15 a.m. on

Tuesday, July 23, 2013, and subsequent days if necessary, in Room 2128 of the Rayburn

House Office Building:

? H.R. ____, the Protecting American Taxpayers and Homeowners (PATH) Act of 2013

H.R. ____, the Protecting American Taxpayers and Homeowners (PATH) Act of 2013

A bill to be introduced on July 19, the Protecting American Taxpayers and

Homeowners (PATH) Act of 2013 is designed to be a comprehensive proposal to create a

sustainable housing finance system by ending the federal government’s domination of the

housing finance market and giving consumers more choices in determining which mortgage

product best suits their needs. A Discussion Draft of the PATH Act was released by the

Committee on July 11, and a legislative hearing on the PATH Act Discussion Draft was

held on July 18.

A complete updated section by section summary of the PATH Act Discussion Draft is

attached separately.