Secure Americans from Financial Exploitation (SAFE) Act
HR 3041, the Secure Americans from Financial Exploitation (SAFE) Act, stops the Federal Housing Finance Agency (FHFA) and mortgage enterprises from implementing changes to single-family mortgage credit fees announced in January 2023. It directly affects mortgage lenders and borrowers by preventing the new fee pricing framework from taking effect. The bill’s key mechanism is a directive that the FHFA's 2023 announcement and related lender letters "shall have no force or effect." This cancels specific changes to how mortgage fees are calculated, without creating new rules.
Bill status
in committee
1 of 4 stages cleared
Introduction
May 2023
Committee Review
Floor Vote
President
Introduced May 2, 2023
Last action May 2, 2023
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
2
Key actions
0
Committee
1
May 2, 2023
Committee
Referred to the House Committee on Financial Services.
lower
May 2, 2023
Introduced
Introduced in House
lower
1 primary · 1 co-sponsor
Sponsors
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