3.0.0 1508 2023-01-15T06:17:47Z 2023-01-15T06:17:47Z Senate S S 2003-07-31 108 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Markup by 2004-04-01T22:51:26Z Referred to 2003-07-31T16:43:13Z Federal Housing Enterprise Oversight Modernization Act of 2003 108 1656 S 2003-09-25 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S11991-11999) Related bill CRS 2004-04-01 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably. Committee 2003-07-31 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR 8/1/2003 S10623-10631) IntroReferral 2003-07-31 Sponsor introductory remarks on measure. (CR S10623) IntroReferral B00100 9 Library of Congress 2003-07-31 Introduced in Senate IntroReferral 10000 9 Library of Congress H001028 Sen. Hagel, Chuck [R-NE] CHUCK HAGEL R NE N S001078 Sen. Sununu, John E. [R-NH] John Sununu R NH E. 2003-07-31 True D000601 Sen. Dole, Elizabeth [R-NC] Elizabeth Dole R NC H. 2003-07-31 True M000303 Sen. McCain, John [R-AZ] JOHN MCCAIN R AZ SIDNEY 2003-09-10 False L000447 Sen. Lott, Trent [R-MS] CHESTER LOTT R MS TRENT 2004-01-22 False 2004-06-09T04:00:00Z S. 1508, Federal Housing Enterprise Regulatory Reform Act of 2004 http://www.cbo.gov/publication/15732 <p>Cost estimate for the bill as ordered reported by the Senate committee on Banking, Housing, and Urban Affairs on April 1, 2004</p> 2004-06-09T04:00:00Z S. 1508, Federal Housing Enterprise Regulatory Reform Act of 2004 https://www.cbo.gov/publication/15732 Cost estimate for the bill as ordered reported by the Senate committee on Banking, Housing, and Urban Affairs on April 1, 2004 Finance and Financial Sector Housing and Community Development Secondary mortgage market Finance and Financial Sector 00 2003-07-31 Introduced in Senate 2003-11-25T20:10:35Z Federal Enterprise Regulatory Reform Act of 2003 - Amends the Housing and Community Development Act of 1992 to establish in the Department of the Treasury the Office of Federal Enterprise Supervision. Transfers to the Director of such Office supervisory and regulatory authority over specified government sponsored enterprises (Fannie Mae and Freddie Mac) from the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD) and from the Secretary of Housing and Urban Development. Prohibits merger or consolidation of such Office or its functions.

Requires: (1) the Director to ensure that the enterprises operate in a financially safe manner and remain adequately capitalized; and (2) that each enterprise have prior approval of the Director before implementing a new program.

Sets forth operating, administrative, and regulatory provisions of the Director, including provisions respecting: (1) assessment authority; (2) authority to limit nonmission-related assets; (3) minimum and critical capital levels; (4) risk-based capital test; (5) capital classifications and undercapitalized enterprises; (6) enforcement actions and penalties; and (7) reporting.

Sets forth certain retained authorities of the Secretary.

Abolishes the Office of Federal Housing Enterprise Oversight. Sets forth related transfer of personnel and facility and property provisions.

]]> Federal Enterprise Regulatory Reform Act of 2003 Display Title Federal Enterprise Regulatory Reform Act of 2003 Official Title as Introduced A bill to address regulation of secondary mortgage market enterprises, and for other purposes. Introduced in Senate IS Short Titles as Introduced Federal Enterprise Regulatory Reform Act of 2003 Introduced in Senate 2003-07-31T04:00:00Z 2004-04-01 Committee on Banking, Housing, and Urban Affairs. Ordered to be reported with an amendment in the nature of a substitute favorably. 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.