Legislation

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  • H.R. 31, the Fannie Mae and Freddie Mac Accountability And Transparency For Taxpayers Act
    Apr 13, 2011 - The legislation, introduced by Insurance, Housing and Community Opportunity Subcommittee Chairman Judy Biggert, enhances the authority of FHFA’s Inspector General and expands reporting requirements to Congress. On April 6, 2011, the Capital Markets Subcommittee approved H.R. 31 on a voice vote. More
  • H.R. 1226, the GSE Mission Improvement Act
    Apr 13, 2011 - For years, the Federal government used the GSEs to make homeownership available to people who posed a greater credit risk and would not have otherwise been able to obtain mortgage credit. GSE-manufactured demand boosted home prices to artificially high levels and fostered enthusiasm for the wave of ... More
  • H.R. 1227, the GSE Risk and Activities Limitation Act
    Apr 13, 2011 - The legislation, introduced by Rep. David Schweikert, prohibits the GSEs from offering, undertaking, transacting, conducting or engaging in any new business activities while in conservatorship or receivership. This restriction will reduce Fannie Mae’s and Freddie Mac’s market dominance and limit the... More
  • H.R. 1070, the Small Company Capital Formation Act
    Apr 13, 2011 - The Small Company Capital Formation Act encourages small companies to access the capital markets — allowing them to invest and hire employees. The legislation increases the offering threshold for companies exempted from SEC registration under SEC Regulation A from $5 million — the threshold set in t... More
  • H.R. 1225, the GSE Debt Issuance Approval Act
    Apr 11, 2011 - The legislation, introduced by Rep. Steve Pearce, requires the Treasury Department to approve any new debt issuance by the GSEs. If Treasury approves a debt issuance, it must explain and justify its decision to Congress and the FHFA within seven days. The legislation limits the amount of GSE risk ta... More
  • H.R. 830
    Feb 28, 2011 - H.R. 830, The FHA Refinance Program Termination Act: H.R. 830, introduced by Rep. Robert Dold (R-IL) on February 28th, terminates the FHA Refinance Program and protects taxpayers from having $8 billion of their money from being spent on this ineffective program. Background: In March 2010, the Admini... More