Bill Would Prevent Congress from Using G-Fees as Budget Tool

May 15, 2019

American Banker, May 14, 2019--Neil Haggerty (subscription)
The bill by Sens. David Perdue, R-Ga., and Bob Menendez, D-N.J., both members of the Banking Committee, would establish a "scorekeeping rule" to ensure that any increases in guarantee fees, or g-fees, cannot be used to offset provisions that increase the deficit, as has been done in the past. Lenders typically pay g-fees to the government-sponsored enterprises to back loans. (MBA mention)

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