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People & committees
Rep. Kean, Thomas H. [R-NJ-7] · R–NJ
Legislative record
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Referred to the House Committee on Financial Services.
Introduced in House
Introduced in House
Primary sources
Text links open the official source. We also preserved the text version used in the PlainBill explanation below.
No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.
Source last updated: Aug 11, 2026. Consult Congress.gov for the current record.
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Analyze H.R.10028 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.
Examine H.R.10028 through a progressive lens, focusing on fairness, access, economic inequality, and effects on vulnerable communities. Explain potential benefits, costs, and unintended consequences. Consider the strongest counterarguments and distinguish stated goals from demonstrated outcomes.
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PlainBill explanation
Based on the full Introduced in House · 2026-08-03 text. This explanation has not received human editorial review. This overview describes the proposal’s major provisions; it does not establish what its real-world effects would be.
The proposal would require Fannie Mae and Freddie Mac to buy and securitize qualifying portable mortgages—meaning package the loans into investment securities. These mortgages would let borrowers carry their existing interest rate, loan terms and remaining balance to a new property within 90 days after selling the original property. This portability would depend on the lender allowing the transfer.
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.
Section 1 gives the proposal the short title Making Ownership Viable for Everyone Act, or MOVE Act.
This Act may be cited as the Making Ownership Viable for Everyone Act or the MOVE Act.
Fannie Mae and Freddie Mac would have to begin purchasing and securitizing these mortgages within 180 days after section 2 becomes law. The deadline is tied to enactment, not introduction of the bill.
shall, not later than 180 days after the date of the enactment of this section, begin purchasing and securitizing conventional mortgages
Eligible loans would have to satisfy the definition of “conventional mortgage” in each company's governing law and that law's requirements for purchase and securitization. The proposal does not reproduce those existing definitions or requirements.
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.
The supplied official-actions snapshot, updated August 11, 2026, records introduction in the House and referral to the House Committee on Financial Services on August 3, 2026.
Source snapshot updated 2026-08-11T15:42:30Z. 2026-08-03: Referred to the House Committee on Financial Services. 2026-08-03: Introduced in House
A closer look
Reviewed version: Introduced in House · 2026-08-03. These findings describe provisions and who may benefit; they are not judgments of waste, corruption, or motive.
This review covers the supplied bill text. “None identified” does not rule out provisions in later versions or accompanying reports and disclosures.
Provisions outside the bill’s main subject, or policy changes attached to appropriations.
None identified in the reviewed text
No unrelated provision or policy attached to appropriations was identified in the complete supplied introduced text. This conclusion does not cover other versions or accompanying materials.
Spending directed to particular recipients or places outside ordinary competitive or formula-based allocation.
None identified in the reviewed text
No congressionally directed spending for particular recipients or places was identified in the complete supplied introduced text. This conclusion does not establish the absence of earmarks in other versions or accompanying disclosures and reports.
Narrow exceptions, exemptions, or preferential treatment that warrant a closer look.
None identified in the reviewed text
No materially narrow carve-out, special exemption or preferential exception was identified in the complete supplied introduced text. Ordinary coverage of the proposal's intended beneficiaries does not itself constitute a targeted benefit. This conclusion is limited to this version.
Full text preserved for this analysis. Legislative record snapshot: Aug 11, 2026. How PlainBill uses AI