H.R. 1222, the GSE Subsidy Elimination ActPosted by on April 13, 2011
The legislation, introduced by Oversight and Investigations Subcommittee Chairman Randy Neugebauer, requires that FHFA gradually increase guarantee fees at Fannie Mae and Freddie Mac over the next two years. Under the legislation, the FHFA will consider the market conditions in raising the GSEs’ guarantee fees to ensure that its actions do not disrupt a housing recovery.
On April 6, 2011, the Capital Markets Subcommittee approved H.R. 1222 on a vote of 25-9.