MOVE Act

[Congressional Bills 119th Congress] [From the U.S. Government Publishing Office] [H.R. 10028 Introduced in House (IH)]

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119th CONGRESS 2d Session H. R. 10028

To require the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to begin purchasing and securitizing portable mortgages, and for other purposes.

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IN THE HOUSE OF REPRESENTATIVES

August 3, 2026

Mr. Kean introduced the following bill; which was referred to the Committee on Financial Services

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A BILL

To require the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to begin purchasing and securitizing portable mortgages, and for other purposes.

Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

This Act may be cited as the ``Making Ownership Viable for Everyone Act'' or the ``MOVE Act''.

SEC. 2. PURCHASE AND SECURITIZATION OF PORTABLE MORTGAGES.

(a) In General.--The Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation shall, not later than 180 days after the date of the enactment of this section, begin purchasing and securitizing conventional mortgages under which the mortgagor is permitted by mortgagee to transfer the interest rate, terms and balance of such mortgage to a new property within 90 days of selling the property originally securing such mortgage. (b) Conventional Mortgage Defined.--The term ``conventional mortgage''-- (1) with respect to the Federal National Mortgage Association, has the meaning given the term in section 202(b)(2) of the Federal National Mortgage Association Charter Act and meets the requirements required for purchase and securitization under such Act; and (2) with respect to the Federal Home Loan Mortgage Corporation has the meaning given the term in section 302(i) of the Federal Home Loan Mortgage Corporation Act and meets the requirements required for purchase and securitization under such Act. <all>