S.Amdt. 1066Senate119th Congress (2025-2027)
S.Amdt. 1066
Sponsored by
Sen. Elizabeth Warren (D-MA)
Submitted February 20, 2025
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Senate amendment submitted
February 20, 2025
Text
Submitted
SA 1066. Ms. WARREN submitted an amendment intended to be proposed by her to the concurrent resolution S. Con. Res. 7, setting forth the congressional budget for the United States Government for fiscal year 2025 and setting forth the appropriate budgetary levels for fiscal years 2026 through 2034; which was ordered to lie on the table; as follows: At the appropriate place in title IV, add the following: SEC. 4___. POINT OF ORDER AGAINST RAISING HOUSING COSTS FOR AMERICAN FAMILIES AND CREATING A WINDFALL FOR WEALTHY INVESTORS. (a) Point of Order.--It shall not be in order in the Senate to consider any bill, joint resolution, motion, amendment, [[Page S1280]] amendment between the Houses, or conference report that ends the conservatorships of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation in a way that would increase mortgage rates or otherwise make housing less affordable for American families and would create a windfall for hedge funds and other wealthy investors. (b) Waiver and Appeal.--Subsection (a) may be waived or suspended in the Senate only by an affirmative vote of three- fifths of the Members, duly chosen and sworn. An affirmative vote of three-fifths of the Members of the Senate, duly chosen and sworn, shall be required to sustain an appeal of the ruling of the Chair on a point of order raised under subsection (a). ______