H.R. 3206
HousePueblo of San Ildefonso Land Claims Settlement Act
Sponsor: Rep. Leger Fernandez, Teresa [D-NM-3]
The House of Representatives has passed this bill. It now moves to the Senate.
In brief
This bill requires Fannie Mae and Freddie Mac to establish specific risk management standards for the use of title insurance and related products when facilitating home mortgages. These standards must prioritize third-party products that are subject to state-level regulations to protect against property liens or title defects. If the enterprises purchase a mortgage that fails to meet these new guidelines, they must hold an additional 1% of the unpaid principal as part of their minimum capital requirements. Introduced by Representative Andrew Garbarino (R-NY), the legislation is currently awaiting consideration in the House Committee on Financial Services.
Votes recorded
Tallies as reported by the House Clerk and the Senate. Individual member votes are available on the linked source page.
Timeline
Every recorded action, oldest first.
February 12, 2025 · House
Passed the House
The House passed H.R. 3206 to remove the limit on the number of judges for the U.S. Tax Court.
Passed 415-5
Next: Heads to the Senate for consideration.
SourceFebruary 14, 2025 · House
Passed the House
The House passed the Pueblo of San Ildefonso Land Claims Settlement Act. The bill was received in the Senate and referred to committee on February 18, 2025.
Passed without objection
Next: Referred to the Senate Committee on Indian Affairs.
Source