CLEAN DC Act

Senate Bill

S. 2687

119th Congress

CLEAN DC Act

In Committee

Introduced:Sep 2, 2025

Primary Sponsor

Ted Cruz

Senator

Republican

TX

Cosponsors

2

Quick Stats

Policy Area

Finance and Financial Sector

Summary

This bill would require homebuyers with conventional mortgages purchased by government-backed mortgage companies Fannie Mae and Freddie Mac to have title insurance. It would also give Congress and a federal agency more oversight over new programs, activities, and products introduced by Fannie Mae and Freddie Mac.

Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

AI Summary

Plain-English explanation of this bill

This bill would require homebuyers with conventional mortgages purchased by government-backed mortgage companies Fannie Mae and Freddie Mac to have title insurance. It would also give Congress and a federal agency more oversight over new programs, activities, and products introduced by Fannie Mae and Freddie Mac.

Last updated: 12/30/2025

Official Summary

Congressional Research Service summary

Protecting America's Property Rights ActThis bill requires title insurance on conventional mortgages purchased by Fannie Mae and Freddie Mac. Specifically, these mortgages must be secured by real property and the priority of the mortgage lien must be insured by a title insurance company that is licensed and authorized to do business in the appropriate state, territory, or district.The bill also prohibits Fannie Mae and Freddie Mac from implementing any new program without the approval of the Federal Housing Finance Agency (FHFA), in addition to the approval of the Department of the Treasury as under current law. Approval from both is also required for any new activity, product, or type of risk.FHFA must appear before Congress on a semiannual basis regarding new programs, activities, products, or types of risk.

Key Points

Main provisions of the bill

Requires title insurance for conventional mortgages purchased by Fannie Mae and Freddie Mac
Gives the Federal Housing Finance Agency (FHFA) approval authority over any new programs, activities, products, or types of risk at Fannie Mae and Freddie Mac
Requires FHFA to appear before Congress twice a year to report on new programs, activities, products, and risks

How This Impacts Americans

Potential effects on citizens and communities

If this bill becomes law, it would impact homebuyers with conventional mortgages, as they would be required to have title insurance. It could also affect the operations and risk profile of Fannie Mae and Freddie Mac, as the government would have more oversight and approval power over their new initiatives.

Policy Areas

Primary Policy Area

Finance and Financial Sector

Scope & Jurisdiction

Jurisdiction Level

federal

Congressional Session

119th Congress

Citation Reference

2687, 119th Congress (2025). "CLEAN DC Act". Source: Voter's Right Platform. https://votersright.org/bills/118-s-2687