3.0.0 190 2022-02-03T05:26:26Z 2022-05-20T16:27:20Z Senate S S 2005-01-26 109 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Markup by 2005-07-28T20:27:29Z Referred to 2005-01-26T21:32:00Z 2005-07-28 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 2005-01-26 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2005-01-26 Sponsor introductory remarks on measure. (CR S599-600) IntroReferral B00100 9 Library of Congress 2005-01-26 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. 2005-01-26 True D000601 Sen. Dole, Elizabeth [R-NC] Elizabeth Dole R NC H. 2005-01-26 True M000303 Sen. McCain, John [R-AZ] JOHN MCCAIN R AZ SIDNEY 2006-05-25 False Housing and Community Development Administrative fees Administrative procedure Administrative remedies Affordable housing Auditing Bank capital Bank employees Bank examination Bank fraud Bank loans Brokers Congress Congressional reporting requirements Corporation directors Crime and Law Enforcement Debt Department of Housing and Urban Development Economics and Public Finance Executive reorganization Federal Housing Finance Board Federal advisory bodies Federal employees Federal home loan banks Finance and Financial Sector Fines (Penalties) Golden parachutes Government Operations and Politics Government paperwork Government securities Governmental investigations Housing finance Indemnity Injunctions Interest rates Jurisdiction Law Presidential appointments Secondary mortgage market Securities regulation Transfer of employees Trusts and trustees Housing and Community Development 00 2005-01-26 Introduced in Senate 2005-02-23T20:25:08Z Federal Housing Enterprise Regulatory Reform Act of 2005 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish: (1) in lieu of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD), an independent Federal Housing Enterprise Regulatory Agency which shall have authority over the Federal Home Loan Bank Finance Corporation, the Federal Home Loan Banks, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac); and (2) the Federal Housing Enterprise Board.

Sets forth operating, administrative, and regulatory provisions of the Agency, 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; (7) golden parachutes; and (8) reporting.

Amends the Federal Home Loan Bank Act to establish the Federal Home Loan Bank Finance Corporation. Transfers the functions of the Office of Finance of the Federal Home Loan Banks to such Corporation.

Excludes the Federal Home Loan Banks from certain securities reporting requirements.

Abolishes the Federal Housing Finance Board.

]]> Federal Housing Enterprise Regulatory Reform Act of 2005 Short Titles as Introduced Federal Housing Enterprise Regulatory Reform Act of 2005 Display Title Federal Housing Enterprise Regulatory Reform Act of 2005 Official Title as Introduced A bill to address the regulation of secondary mortgage market enterprises, and for other purposes. Introduced in Senate 2005-01-26T05:00:00Z 2005-07-28 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.