3.0.0 3071 2023-01-15T06:48:06Z 2023-01-15T06:48:06Z House H HR 2003-09-10 108 hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Referred to 2003-10-03T15:29:32Z Referred to 2003-09-10T14:02:20Z 2003-10-03 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. Committee 2003-09-11 Sponsor introductory remarks on measure. (CR E1767) IntroReferral B00100 9 Library of Congress 2003-09-10 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2003-09-10 Introduced in House IntroReferral Intro-H 9 Library of Congress 2003-09-10 Introduced in House IntroReferral 1000 9 Library of Congress P000583 Rep. Paul, Ron [R-TX-14] RON PAUL R TX 14 N Housing and Community Development Bank deposits Bonds Commerce Corporate debt Corporate finance Credit unions Federal home loan banks Federally-assisted loans Federally-guaranteed loans Finance and Financial Sector Government Operations and Politics Government and business Government lending Investments Local taxation Mortgages Open market operations Presidential appointments Savings and loan associations Secondary mortgage market State taxation Tax exemption Tax-exempt organizations Taxation Housing and Community Development 00 2003-09-10 Introduced in House 2003-10-01T17:59:02Z Free Housing Market Enhancement Act - Prohibits providing Federal funds to the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or any Federal Home Loan bank (Such entities are referred to as government sponsored enterprises, or GSEs.)

Amends the Federal National Mortgage Association Charter Act ( Fannie Mae) and the Federal Home Loan Mortgage Corporation Act (Freddie Mac) to repeal: (1) the State tax exemption; (2) the requirement that the Treasury approve debt issues; (3) Treasury authority to purchase Fannie Mae/Freddie Mac obligations; (4) depositary authority; and (5) the designation of obligations as lawful investments.

Amends the Federal Home Loan Bank Act to repeal: (1) the State tax exemption; (2) Treasury authority to purchase bank obligations; (3) depositary authority; and (4) the designation of obligations as lawful investments.

Amends the Federal Reserve Act to prohibit Federal Reserve purchase of GSE debt.

Repeals the eligibility of GSE obligations for unlimited investment by national banks, federally chartered thrifts, and credit unions.

]]> Free Housing Market Enhancement Act Display Title Free Housing Market Enhancement Act Official Title as Introduced To prohibit the provision of Federal funds to the housing-related government-sponsored enterprises and to remove certain competitive advantages granted under law to such enterprises. Introduced in House IH Short Titles as Introduced Free Housing Market Enhancement Act Introduced in House 2003-09-10T04:00:00Z 2003-10-03 Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises. text/xml EN Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain. Congressional Research Service, Library of Congress This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.