Texas Congressman Jeb Hensarling introduced "PATH ACT" legislation to reform America’s housing system

The Protecting American Taxpayers and Homeowners Act, also known as the PATH Act has three key objectives...

• end the largest bailout in history – the nearly $200 billion taxpayer-funded bailout of Fannie Mae and Freddie Mac – and phases out the troubled Government-Sponsored Enterprises within five years;

• increase competition by ending the federal government’s domination of the housing finance market that has left taxpayers liable for $5.1 trillion in mortgage guarantees; and

• free America's housing markets from the control of Washington elites, giving consumers more choices in determining which mortgage product best suits their needs.

By introducing the PATH Act, I hope to create a housing finance system that’s designed for homeowners so every American who works hard and plays by the rules can have opportunities and choices to buy homes they can afford to keep.
Jeb Hensarling
Member of Congress
www.hensarling.house.gov
(202) 225-3484 – DC
(903) 675-8288 – Athens
(214) 349-9996 – Dallas