Chairman David Perdue (R-GA) and Ranking Member Bob Menendez (D-NJ) of the Senate Banking subcommittee on Housing, Transportation, and Community Development Subcommittee introduced S.1463, a bill to establish a scorekeeping rule to ensure that increases in guarantee fees of Fannie Mae and Freddie Mac shall not be used to offset provisions that increase the deficit. Senators Thom Tillis (R-NC), Jon Tester (D-MT) and Martha McSally (R-AZ) have also cosponsored the bill. Guarantee fees (g-fees) are assessed on all new mortgages securitized by Fannie Mae and Freddie Mac and used to fund the National Housing Trust Fund and the Capital Magnet Fund. In prior years, Congress and the Administration have attempted to use funding from these accounts to pay for other government programs. The bill will prevent increases in fees paid by individuals seeking a mortgage through the Fannie and Freddie when those fees are used to fund unrelated federal spending.