News List

  • 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
  • Garrett Announces Subcommittee Hearing To Evaluate Proposed Risk Retention Rule
    Apr 12, 2011 - The Capital Markets Subcommittee, chaired by Rep. Scott Garrett, will meet for a hearing to evaluate the proposed risk retention rule at 2 p.m. on Thursday, April 14 in room 2128 Rayburn. The Dodd-Frank Act directs six federal regulators to jointly issue regulations forcing firms that jointly packag... 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
  • Subcommittee Approves 8 Bills To Reform Fannie Mae And Freddie Mac
    Apr 6, 2011 - The Capital Markets and Government Sponsored Enterprises Subcommittee approved eight bills on Wednesday that provide for immediate reforms to protect taxpayers by fundamentally reforming Fannie Mae and Freddie Mac. The bills include reforms that suspend lavish compensation for executives at Fannie M... More
  • Bachus, Hensarling: Putting the Spike in Fannie and Fred
    Apr 6, 2011 - Letters to the Editor Putting the Spike in Fannie and Fred 6 April 2011 The Wall Street Journal Regarding your editorial "Blinking on Fannie and Fred" (March 31): The need to end the taxpayer-funded bailout of Fannie Mae and Freddie Mac is an urgent matter. That's why, on March 17, we introduced H.R... More
  • Democrats Attempt To Shut Down Reforms to Fannie Mae and Freddie Mac
    Apr 5, 2011 - Democrats on the Financial Services Committee, who blocked Republican efforts to reform Fannie Mae and Freddie Mac during debate over financial regulatory reform in 2009 and 2010, on Tuesday used delaying tactics and obstructionist parliamentary maneuvers in an attempt to stall progress on eight Rep... More
  • Subcommittee Will Vote On Chairman Bachus’ Bill To End The Lavish Salaries Of Fannie, Freddie Executives
    Apr 5, 2011 - WASHINGTON: Financial Services Committee Chairman Spencer Bachus released the following information regarding the pay of Fannie Mae and Freddie Mac executives. Later today, the Capital Markets and Government Sponsored Enterprises Subcommittee will vote on a bill introduced by Chairman Bachus to susp... More