After passing a landmark housing bill on June 23, Congress is apparently not done with its focus on homeownership.

Three new pieces of legislation were introduced on June 25 by U.S. Rep. Scott Fitzgerald, R-Wis., with one aiming to end the conservatorship of Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs) that have been overseen by the Federal Housing Finance Agency (FHFA) since 2008.

Fitzgerald’s proposal for releasing the GSEs from conservatorship is called the Sustainable Homeownership Act. Its broad goal is “to move the housing finance system away from indefinite government control and toward a more transparent, better-capitalized, private-capital-backed structure,” according to a press release.

“Fannie Mae and Freddie Mac have remained in conservatorship since the 2008 financial crisis, and Congress should establish clear guardrails for a more sustainable housing finance system,” Fitzgerald said in a statement. “The bill locks in conservative reforms that have been done administratively, brings more private capital into the mortgage market, and protects taxpayers from future bailouts.”

The congressman, whose Wisconsin district represents a large urban block between Milwaukee and Madison, was among the 358 lawmakers in the House to vote in favor of the 21st Century ROAD to Housing Act, a historic bipartisan package that seeks to improve affordability and increase housing supply in the U.S. That bill is now in limbo after President Donald Trump stated he would not sign it unless Congress addresses other unrelated legislative priorities of the White House.

Besides the bill addressing Fannie and Freddie conservatorship, Fitzgerald also introduced the Working Families Home Construction Act, which would allow the GSEs to purchase residential construction loans at a low interest rate, subject to certain home price specifications.

“By providing low-cost financing, my bill will incentivize developers to build the type of middle-class housing currently missing from the market,” stated Fitzgerald, who serves on the House Committee on Financial Services.

The third bill, the Home Affordability Through Mortgage Simplification Act, “streamlines mortgage disclosure rules so lenders are not punished for minor, technical errors that do not harm borrowers, while preserving consumer restitution rights,” according to the press release. It cites the Truth in Lending Act and Real Estate Settlement Procedures Act Integrated Disclosures (TRID) framework, which it says has become “overly technical and can delay closings over small, non-material issues.”

The GSEs were placed in federal conservatorship in 2008 as a safeguard when the housing market substantially deteriorated during the subprime mortgage crisis. Trump had said in July 2025 he was “giving very serious consideration to bringing Fannie Mae and Freddie Mac public,” though experts have recently expressed doubts that the administration will proactively move to relist the companies this year.

An FHFA spokesperson declined to comment on Fitzgerald’s proposal. Fannie Mae and Freddie Mac did not immediately respond to requests for comment.