Preserving Rural Housing Investments Act
In committee: it can still change before the session ends.
- Stage
- In committee
- Started in
- Senate
- Sponsors
- 4
- Latest action
- May 6, 2025
What it does
The Preserving Rural Housing Investments Act would amend the Internal Revenue Code to clarify that the United States and its agencies or instrumentalities are not considered tax-exempt entities for purposes of certain tax rules related to stock of government-sponsored enterprises like Fannie Mae and Freddie Mac. This change affects how tax-exempt controlled entity rules apply to investments in these corporations, particularly in the context of rural housing investments. The amendment would apply to taxable years ending after July 30, 2008.
No official summary is available here. This one was written by AI from the bill’s text.
Where it stands
Introduced (Done)
Committee (Current step)
Floor (Not started)
Law (Not started)
What moved
Who is involved
Sponsors
The lawmakers who put their names on it, lead sponsors first.
Where it goes next
While a bill can still move, the questions are about people and money.