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H.R. 3206

U.S. House•In House Committee

Summary

H.R. 3206, the Protecting America's Property Rights Act, was introduced in the House on May 6, 2025 by Rep. Andrew Garbarino (R) with 24 co-sponsors. It was referred to Financial Services, and last saw action on May 6, 2025: Referred to the House Committee on Financial Services.

Record

Text

H.R. 3206 has 24 co-sponsors.

hb3206/introduced-in-house.txt
119 HR 3206 IH: Protecting America's Property Rights Act
 U.S. House of Representatives
 2025-05-06
 text/xml
 EN
 Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.
 I  119th CONGRESS  1st Session  H. R. 3206  IN THE HOUSE OF REPRESENTATIVES   May 6, 2025   Mr. Garbarino  (for himself and  Mr. Vicente Gonzalez of Texas ) introduced the following bill; which was referred to the  Committee on Financial Services    A BILL
To provide additional requirements for the purchase and sale of conventional mortgages by the enterprises, and for other purposes.
1.
Short title
This Act may be cited as the   Protecting America's Property Rights Act  .
2.
Ensuring safe and sound lien and title protection products
(a)
Prudential management
Section 1108(a) of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C. 4513b(a) ) is amended by inserting at the end the following:
(12)
management of risk related to loss or damage suffered by reason of liens, encumbrances upon, or defects in the title to such property, or the invalidity or unenforceability of any liens or encumbrances thereon by utilizing third party products subject to regulation by—
(A)
a  State insurance authority  as defined in 15 section 6809(11) of title 15, United States Code; or
(B)
a  State regulator  as defined in section 5481(22) of title 12, United States Code.
 .
(b)
Capital Standards
In establishing minimum capital level pursuant to section 4612 of title 12, United States Code, the Director shall require the Enterprises to hold an additional 1.00 percent of the unpaid principal balance of any mortgage purchased by the Enterprises that does not meet the requirements of subsection (a).
(c)
Implementation and Compliance
The Director shall, not later than 180 days after the date of enactment of this section, issue such regulations and guidance as necessary to ensure compliance with subsection (a), including requiring the Enterprises to verify that any product meeting the definition in subsection (a) is appropriately regulated.
(d)
Definitions
For purposes of this section—
(1)
the term  Enterprises  shall have the same meaning as in section 4502(10) of title 12, United States Code; and
(2)
the term  Director  shall have the same meaning as in section 4052(9) of title 12, United States Code.

Tracker

The tracker indicates the progress of this legislation as it moves through the legislative process.

  1. Introduced2025-05-06
  2. Passed House
  3. Passed Senate
  4. Conference
  5. To President
  6. Became Law

CRS Summary

The summaries are the Congressional Research Service’s, one per stage. Read them in full.

Introduced in House May 6, 2025

hb3206/introduced-in-house.md

Shown Here:
Introduced in House (05/06/2025)

Protecting America's Property Rights Act

This bill directs the government-sponsored enterprises—Fannie Mae and Freddie Mac—to establish standards for the use of products such as title insurance. (The enterprises facilitate liquidity in the mortgage market by purchasing mortgages and issuing mortgage-backed securities.)

Specifically, the enterprises must establish regulations or guidelines for risk management related to loss or damage from liens upon, encumbrances on, or defects in the title to property, or the invalidity or unenforceability of any liens or encumbrances on property by using third party products subject to state regulation.

Further, the enterprises must hold an additional 1% of the unpaid principal of any mortgage that does not meet the above regulations or guidelines as part of each enterprise’s minimum capital levels.

Sponsors

Rep. Andrew Garbarino (R) sponsors H.R. 3206, and 24 members have co-sponsored it, 1 of them from the day it was introduced.

Committees

H.R. 3206 went before 1 committee: Financial Services.

Financial Services
Financial Services
Referred To · May 6, 2025 · 559 Bills

Actions

H.R. 3206 has taken 2 actions since May 6, 2025.

ChamberAction
May 6, 2025
House
Introduced in House
May 6, 2025
House
Referred to the House Committee on Financial Services.Financial Services Committee

Votes

H.R. 3206 has not gone to a roll call.

Titles

H.R. 3206 goes by 3 titles, 1 of them short titles.

  • Protecting America's Property Rights Act — Display Title
  • Protecting America's Property Rights Act — Short Title(s) as Introduced
  • To provide additional requirements for the purchase and sale of conventional mortgages by the enterprises, and for other purposes. — Official Title as Introduced

Lobbying

6 clients hired 7 firms and 29 registered lobbyists who named H.R. 3206 in 28 quarterly filings, 2025 to 2026. Reported under the Lobbying Disclosure Act; a filing’s income covers everything its registrant worked that quarter, so the amounts below are the filings’, not this bill’s.

Filed under Financial Institutions/Investments/Securities, Consumer Issues/Safety/Products, Housing, Taxation/Internal Revenue Code, Indian/Native American Affairs, Budget/Appropriations, Insurance, Real Estate/Land Use/Conservation.

Clients

Who paid to be heard, by how many filings named the bill.

ClientBusinessStateFirmsFilingsReported
AMERICAN LAND TITLE ASSOCIATION​Trade Association representing title insurance companies.District of Columbia29$110K
TEXAS LAND TITLE ASSOCIATIONAssociation in support of the title industry in TexasTexas15$100K
FIRST AMERICAN FINANCIAL CORPORATION—District of Columbia15—
FIDELITY NATIONAL FINANCIALTitle company, financial servicesFlorida14$200K
BROKER ACTION COALITIONA trade association created for independent mortgage brokers.Pennsylvania13$240K
DOMA HOLDINGS, INCreal estate technology companyCalifornia12$80K

Firms

Registrants who filed on the bill, by filings.

RegistrantClientsFilingsReported
AMERICAN LAND TITLE ASSOCIATION16—
FIRST AMERICAN FINANCIAL CORPORATION15—
THE PENNSYLVANIA AVENUE GROUP15$100K
WILLIAMS AND JENSEN, PLLC14$200K
FORBES-TATE13$240K
RESOLUTION PUBLIC AFFAIRS, LLC13$110K
BROWNSTEIN HYATT FARBER SCHRECK, LLP12$80K

Lobbyists

Named on the filings that cite the bill. The 20 named most often, of 29.

LobbyistFirmsClientsFilings
CHRISTOPHER MORTON116
ELIZABETH BLOSSER116
EMILY TRYON116
KEVIN CAMERON116
STEVE GOTTHEIM116
CALEB REPPERT115
JAMES HYLAND115
MICHAEL O'NEAL115
CHRISTOPHER WILCOX114
DAVID FRANASIAK114
JOEL OSWALD114
JOSHUA FENDRICK114
MAHLET MAKONNEN114
MELINDA MAXFIELD114
ASHLI SCOTT PALMER113
EDWARD HILL113
ELIZABETH STANLEY113
HEATHER MCHUGH113
JEFFREY STRUNK113
KATIE ELLIOTT113

Filings

The documents themselves, on the Senate’s Lobbying Disclosure site, largest reported first.

ClientRegistrantPeriodReportedDocument
AMERICAN LAND TITLE ASSOCIATIONAMERICAN LAND TITLE ASSOCIATION2025 third_quarter$360K3rd Quarter - Report
AMERICAN LAND TITLE ASSOCIATIONAMERICAN LAND TITLE ASSOCIATION2025 fourth_quarter$270K4th Quarter - Report
AMERICAN LAND TITLE ASSOCIATIONAMERICAN LAND TITLE ASSOCIATION2026 second_quarter$260K2nd Quarter - Report
AMERICAN LAND TITLE ASSOCIATIONAMERICAN LAND TITLE ASSOCIATION2025 second_quarter$250K2nd Quarter - Report
AMERICAN LAND TITLE ASSOCIATIONAMERICAN LAND TITLE ASSOCIATION2026 first_quarter$230K1st Quarter - Report
AMERICAN LAND TITLE ASSOCIATIONAMERICAN LAND TITLE ASSOCIATION2025 third_quarter$230K3rd Quarter - Amendme…
FIRST AMERICAN FINANCIAL CORPORATIONFIRST AMERICAN FINANCIAL CORPORATION2026 first_quarter$110K1st Quarter - Report
FIRST AMERICAN FINANCIAL CORPORATIONFIRST AMERICAN FINANCIAL CORPORATION2026 second_quarter$100K2nd Quarter - Report
FIRST AMERICAN FINANCIAL CORPORATIONFIRST AMERICAN FINANCIAL CORPORATION2025 second_quarter$90K2nd Quarter - Report
BROKER ACTION COALITIONFORBES-TATE2026 second_quarter$80K2nd Quarter - Report
BROKER ACTION COALITIONFORBES-TATE2026 first_quarter$80K1st Quarter - Report
FIRST AMERICAN FINANCIAL CORPORATIONFIRST AMERICAN FINANCIAL CORPORATION2025 fourth_quarter$80K4th Quarter - Report
BROKER ACTION COALITIONFORBES-TATE2025 fourth_quarter$80K4th Quarter - Report
FIRST AMERICAN FINANCIAL CORPORATIONFIRST AMERICAN FINANCIAL CORPORATION2025 third_quarter$80K3rd Quarter - Report
FIDELITY NATIONAL FINANCIALWILLIAMS AND JENSEN, PLLC2026 second_quarter$50K2nd Quarter - Report
FIDELITY NATIONAL FINANCIALWILLIAMS AND JENSEN, PLLC2026 first_quarter$50K1st Quarter - Report
FIDELITY NATIONAL FINANCIALWILLIAMS AND JENSEN, PLLC2025 fourth_quarter$50K4th Quarter - Report
FIDELITY NATIONAL FINANCIALWILLIAMS AND JENSEN, PLLC2025 third_quarter$50K3rd Quarter - Report
AMERICAN LAND TITLE ASSOCIATIONRESOLUTION PUBLIC AFFAIRS, LLC2026 second_quarter$40K2nd Quarter - Report
DOMA HOLDINGS, INCBROWNSTEIN HYATT FARBER SCHRECK, LLP2026 second_quarter$40K2nd Quarter - Report

Classification

The Congressional Research Service files H.R. 3206 under Finance and Financial Sector, one of its 31 policy areas.

CRS Subjects

CRS assigns every bill one policy area from its 31; H.R. 3206’s is Finance and Financial Sector.

hr3206/policy-areas.txt
Finance and Financial SectorAgriculture and FoodAnimalsArmed Forces and National SecurityArts, Culture, ReligionCivil Rights and Liberties, Minority IssuesCommerceCongressCrime and Law EnforcementEconomics and Public FinanceEducationEmergency ManagementEnergyEnvironmental ProtectionFamiliesForeign Trade and International FinanceGovernment Operations and PoliticsHealthHousing and Community DevelopmentImmigrationInternational AffairsLabor and EmploymentLawNative AmericansPublic Lands and Natural ResourcesScience, Technology, CommunicationsSocial WelfareSports and RecreationTaxationTransportation and Public WorksWater Resources Development

Constitutional authority

The clause the sponsor cites as Congress’s power to enact H.R. 3206, as entered in the Congressional Record.

[Congressional Record Volume 171, Number 75 (Tuesday, May 6, 2025)][House]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GARBARINO:H.R. 3206.Congress has the power to enact this legislation pursuantto the following:Article 1, Section 8[Page H1880]

Source: congress.gov · legiscan.com