3.0.0 1427 2023-01-11T19:54:35Z 2023-01-11T19:54:35Z House H HR 2007-03-09 110 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Standing Referred to 2007-05-24T18:53:06Z hsba00 Financial Services Committee House Standing Reported by 2007-05-10T02:21:06Z Markup by 2007-03-29T16:31:19Z Referred to 2007-03-09T14:04:50Z H. Rept. 110-142 Providing for consideration of the bill (H.R. 1427) to reform the regulation of certain housing-related Government-sponsored enterprises, and for other purposes. 110 404 HRES 2007-05-17 The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 1585. 12:55:06 Procedurally-related House 2007-05-24 ssbk00 Banking, Housing, and Urban Affairs Committee Senate Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. IntroReferral 2007-05-22 14:58:51 The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 1427. Floor H38900 2 House floor actions 2007-05-22 14:58:50 Motion to reconsider laid on the table Agreed to without objection. Floor H38310 2 House floor actions 2007-05-22 14:58:49 On passage Passed by recorded vote: 313 - 104 (Roll no. 396). Floor H37100 2 House floor actions 396 https://clerk.house.gov/evs/2007/roll396.xml House 110 2007-05-22T18:58:49Z 1 2007-05-22 14:58:49 Passed/agreed to in House: On passage Passed by recorded vote: 313 - 104 (Roll no. 396). Floor 8000 9 Library of Congress 396 https://clerk.house.gov/evs/2007/roll396.xml House 110 2007-05-22T18:58:49Z 1 2007-05-22 14:51:47 On motion to recommit with instructions Failed by recorded vote: 182 - 232 (Roll no. 395). Floor H36110 2 House floor actions hsba00 Financial Services Committee 395 https://clerk.house.gov/evs/2007/roll395.xml House 110 2007-05-22T18:51:47Z 1 2007-05-22 14:33:51 The previous question on the motion to recommit with instructions was ordered pursuant to the rule. (consideration: CR H5571) Floor H8A000 2 House floor actions 2007-05-22 14:21:56 DEBATE - The House proceeded with 10 minutes of debate on the Cantor motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with amendments offsetting the costs of providing assistance to individuals and families to increase home ownership for all Americans and inserting provisions on the use of fund amounts. Floor H8D000 2 House floor actions 2007-05-22 14:21:39 Mr. Cantor moved to recommit with instructions to Financial Services. (consideration: CR H5569-5571) Floor H36100 2 House floor actions hsba00 Financial Services Committee 2007-05-22 14:21:09 The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union. Floor H34400 2 House floor actions 2007-05-22 14:01:44 The previous question was ordered pursuant to the rule. (consideration: CR H5568) Floor H35000 2 House floor actions 2007-05-22 14:00:43 The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1427. Floor H32600 2 House floor actions 2007-05-22 13:00:24 The House resolved into Committee of the Whole House on the state of the Union for further consideration. Floor H32050 2 House floor actions 2007-05-22 13:00:07 Considered as unfinished business. (consideration: CR H5560-5572) Floor H30000 2 House floor actions 2007-05-22 12:59:46 UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question of adoption of amendments which had been debated earlier and on which further proceedings had been postponed. Floor H8D000 2 House floor actions 2007-05-18 00:34:47 Committee of the Whole House on the state of the Union rises leaving H.R. 1427 as unfinished business. Floor H32700 2 House floor actions 2007-05-18 00:34:09 On motion that the Committee rise Agreed to by voice vote. Floor H32341 2 House floor actions 2007-05-18 00:34:07 Mr. Frank (MA) moved that the Committee rise. Floor H32340 2 House floor actions 2007-05-18 00:33:57 POSTPONED PROCEEDINGS - At the conclusion of debate on the Neugebauer amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Neugebauer demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. Floor H8D000 2 House floor actions 2007-05-18 00:10:01 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Neugebauer amendment under the five-minute rule. Floor H8D000 2 House floor actions 2007-05-18 00:09:38 POSTPONED PROCEEDINGS - At the conclusion of debate on the Hensarling amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Hensarling demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. Floor H8D000 2 House floor actions 2007-05-17 23:56:48 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Hensarling amendment #30 under the five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 23:48:37 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Garrett (NJ) amendment under the five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 23:47:59 POSTPONED PROCEEDINGS - At the conclusion of debate on the Doolittle amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Doolittle demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. Floor H8D000 2 House floor actions 2007-05-17 23:36:52 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Doolittle amendment under the five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 23:36:16 POSTPONED PROCEEDINGS - At the conclusion of debate on the Price (GA) amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Price (GA) demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. Floor H8D000 2 House floor actions 2007-05-17 23:32:28 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Price (GA) amendment #9 under the five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 23:29:39 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Gary Miller (CA) amendment. Floor H8D000 2 House floor actions 2007-05-17 23:21:08 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Hensarling amendment under the five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 23:14:27 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Doolittle amendment #25 pending reservation of a point of order. Floor H8D000 2 House floor actions 2007-05-17 23:13:04 POSTPONED PROCEEDINGS - At the conclusion of debate on the Brady (TX) amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Brady (TX) demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. Floor H8D000 2 House floor actions 2007-05-17 22:52:58 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Brady (TX) amendment under the five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 22:51:41 POSTPONED PROCEEDINGS - At the conclusion of debate on the Sessions amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Sessions demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. Floor H8D000 2 House floor actions 2007-05-17 22:26:36 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Sessions amendment under the five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 22:25:08 POSTPONED PROCEEDINGS - At the conclusion of debate on the Price (GA) amendment #9, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Price (GA) demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. Floor H8D000 2 House floor actions 2007-05-17 22:01:50 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Price (GA) amendment #9 under the five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 22:00:59 POSTPONED PROCEEDINGS - At the conclusion of debate on the Feeney amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Feeney demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. Floor H8D000 2 House floor actions 2007-05-17 21:51:45 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Feeney amendment under the five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 20:52:10 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Al Green of Texas amendment under five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 20:51:27 POSTPONED PROCEEDINGS - At the conclusion of debate on the Garrett amendment no. 17, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Garrett demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day. Floor H8D000 2 House floor actions 2007-05-17 20:15:45 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Garrett of New Jersey amendment No. 17 under five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 20:08:44 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Blumenauer amendment under five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 20:07:25 POSTPONED PROCEEDINGS - At the conclusion of debate on the Roskam amendment the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Roskam demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day. Floor H8D000 2 House floor actions 2007-05-17 19:34:12 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Roskam amendment under five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 19:33:06 POSTPONED PROCEEDINGS - At the conclusion of debate on the Kanjorski amendment no. 15, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Feeney demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day. Floor H8D000 2 House floor actions 2007-05-17 19:27:59 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Kanjorski amendment no. 15 under five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 19:26:36 POSTPONED PROCEEDINGS - At the conclusion of debate on the McHenry amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. McHenry demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day. Floor H8D000 2 House floor actions 2007-05-17 19:20:43 COMMITTEE OF THE WHOLE - The Committee of the Whole resumed its sitting. Floor H8D000 2 House floor actions 2007-05-17 19:19:03 COMMITTEE OF THE WHOLE - The Committee of the Whole rose informally to receive a message from the Senate. Floor H8D000 2 House floor actions 2007-05-17 19:09:04 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the McHenry amendment under five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 19:02:39 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Frank of Massachussetts En Bloc Amendment under five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 18:31:33 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Neugebauer amendment under five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 18:27:46 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Hinojosa amendment under five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 18:25:54 POSTPONED PROCEEDINGS - At the conclusion of debate on the Hensarling amendment no. 29, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Hensarling demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day. Floor H8D000 2 House floor actions 2007-05-17 18:12:02 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Hensarling amendment No. 29 under five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 18:04:14 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Kanjorski amendment No. 22(1) under five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 18:01:47 POSTPONED PROCEEDINGS - At the conclusion of debate on the Bachus amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Bachus demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day. Floor H8D000 2 House floor actions 2007-05-17 17:19:00 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Bachus amendment under five-minute rule. Floor H8D000 2 House floor actions 2007-05-17 16:07:49 GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1427. Floor H8D000 2 House floor actions 2007-05-17 16:07:37 The Speaker designated the Honorable Mike Ross to act as Chairman of the Committee. Floor H32400 2 House floor actions 2007-05-17 16:07:36 House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 404 and Rule XVIII. Floor H32020 2 House floor actions 2007-05-17 16:06:21 Rule provides for consideration of H.R. 1427 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by title. Bill is open to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill, modified by the amendment printed in the report of the Committee on Rules accompanying this resolution. Floor H8D000 2 House floor actions 2007-05-17 16:06:16 Considered under the provisions of rule H. Res. 404. (consideration: CR H5374-5430, H5430-5447, H5447-5467; text of measure as reported in House: CR H5383-5417) Floor H30000 2 House floor actions 2007-05-17 16:06:14 ORDER OF PROCEDURE - Mr. Spratt asked unanimous consent that, during further consideration of H.R. 1427 pursuant to H. Res. 404, the Chair may reduce to two minutes the minimum time for electronic voting under clause 6 of rule 18 and clauses 8 and 9 of rule 20. Agreed to without objection. Floor H8D000 2 House floor actions 2007-05-17 12:54:58 Rule H. Res. 404 passed House. Floor H1L220 2 House floor actions 2007-05-16 Sponsor introductory remarks on measure. (CR E1071) IntroReferral B00100 9 Library of Congress 2007-05-15 21:33:48 Rules Committee Resolution H. Res. 404 Reported to House. Rule provides for consideration of H.R. 1427 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by title. Bill is open to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill, modified by the amendment printed in the report of the Committee on Rules accompanying this resolution. Floor H1L210 2 House floor actions 2007-05-09 Placed on the Union Calendar, Calendar No. 84. Calendars H12410 2 House floor actions U00084 2007-05-09 Reported (Amended) by the Committee on Financial Services. H. Rept. 110-142. Committee H12200 2 House floor actions hsba00 Financial Services Committee 2007-05-09 Reported (Amended) by the Committee on Financial Services. H. Rept. 110-142. Committee 5000 9 Library of Congress hsba00 Financial Services Committee 2007-03-29 hsba00 Financial Services Committee 1 House committee actions Ordered to be Reported (Amended) by Voice Vote. Committee 2007-03-29 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2007-03-28 hsba00 Financial Services Committee 1 House committee actions Committee Consideration and Mark-up Session Held. Committee 2007-03-09 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2007-03-09 Introduced in House IntroReferral Intro-H 9 Library of Congress 2007-03-09 Introduced in House IntroReferral 1000 9 Library of Congress F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 N W000207 Rep. Watt, Melvin L. [D-NC-12] MELVIN WATT D NC 12 2007-03-09 True B000072 Rep. Baker, Richard H. [R-LA-6] RICHARD BAKER R LA H. 6 2007-03-09 True M001139 Rep. Miller, Gary G. [R-CA-42] GARY MILLER R CA 42 2007-03-09 True M000087 Rep. Maloney, Carolyn B. [D-NY-14] CAROLYN MALONEY D NY B. 14 2007-03-20 False T000459 Rep. Terry, Lee [R-NE-2] LEE TERRY R NE 2 2007-04-25 False 2007-04-23T04:00:00Z H.R. 1427, Federal Housing Finance Reform Act of 2007 http://www.cbo.gov/publication/18582 <p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on March 29, 2007</p> 2007-04-23T04:00:00Z H.R. 1427, Federal Housing Finance Reform Act of 2007 https://www.cbo.gov/publication/18582 Cost estimate for the bill as ordered reported by the House Committee on Financial Services on March 29, 2007 Housing and Community Development Administrative fees Administrative procedure Advice and consent of the Senate Affordable housing Apartment houses Auditing Bank capital Bank examination Bank loans Bank mergers Bank reserves Bankruptcy Charitable contributions Civil actions and liability Commerce Community development banking Conflict of interests Congress Congressional investigations Congressional reporting requirements Contracts Corporate governance Corporate philanthropy Corporation directors Crime and Law Enforcement Damages Day care Department of Housing and Urban Development Depressed areas Economics and Public Finance Employee rights Energy Energy conservation Energy efficiency Environmental Protection Executive compensation Executive reorganization Families Federal Housing Finance Board Federal advisory bodies Federal aid to housing Federal employees Federal home loan banks Finance and Financial Sector Financial statements Fines (Penalties) Fraud Government Operations and Politics Government corporations Government paperwork Government publicity Government trust funds Health Home ownership Housing finance Housing subsidies Income tax Information disclosure (Securities law) Injunctions Interest rates Judicial review Labor and Employment Law Leases Liability (Law) Liens Limitation of actions Low-income housing Minorities Minorities in government Minority business enterprises Minority employment Money laundering Mortgage banks Mortgages Nonprofit organizations Nursing homes Ombudsman Presidential appointments Price indexes Rent Rental housing Rural housing Secondary mortgage market Securities regulation Single family housing Social Welfare Standards Stocks Sunset legislation Tax credits Taxation Transfer of employees Women Women in business Women in government Women's employment Housing and Community Development 00 2007-03-09 Introduced in House 2007-04-09T20:48:40Z Federal Housing Finance Reform Act of 2007 - Amends the Housing and Community Development Act of 1992 (Act) to establish the Federal Housing Finance Agency (FHFA), which shall have supervisory and regulatory authority over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) ("enterprises") and the Federal Home Loan Banks.

Establishes the Federal Housing Enterprise Finance Oversight Board to advise the Director.

Authorizes the Director to: (1) raise minimum capital levels to ensure that regulated entities operate in a safe and sound manner; (2) establish temporary minimum capital increases; and (3) establish additional capital and reserve requirements for a particular program.

Amends the Federal Financial Institutions Examination Council Act of 1978 to include the Director on the Federal Financial Institutions Examination Council (FFIEC).

Transfers from the Department of Housing and Urban Development (HUD) to FHFA, the authority to approve programs and to oversee the mission requirements of the enterprises.

Sets forth enterprise conforming loan limits for small family residences, and related requirements.

Requires the Director to establish an annual purchase goal for each enterprise for conventional, conforming, single-family, owner-occupied, and purchase money mortgages for: (1) low-income families; (2) families residing in low-income areas; and (3) very low-income families.

Requires the Director to establish a Multifamily Special Affordable Goal for mortgages that finance: (1) dwelling units for low-income families and very low-income families; and (2) dwelling units assisted by the low-income housing tax credit.

Requires each enterprise to: (1) undertake activities relating to mortgages on housing for very low-, low-, and moderate-income families involving a reasonable economic return that may be less than the return earned on other activities; and (2) increase the liquidity of mortgage investments and improve the distribution of investment capital available for mortgage financing for underserved markets.

Requires the Director to establish and manage an affordable housing fund.

Amends the Act to require the Director to establish capital classifications for regulated entities.

Prohibits a regulated entity from making a capital distribution that would result in its undercapitalization.

Prescribes supervisory action governing undercapitalized and significantly undercapitalized regulated entities.

Authorizes the Director to establish a conservatorship or receivership over a critically undercapitalized regulated entity .

Amends the Federal Home Loan Bank Act to replace the Federal Housing Finance Board with FHFA.

Abolishes: (1) the Office of Federal Housing Enterprise Oversight (OFHEO) of HUD; and (2) the Federal Housing Finance Board.

Directs the Secretary of HUD to transfer the enterprise-related functions and employees of HUD to FHFA.

]]> 17 2007-05-09 Reported to House with amendment(s) 2007-06-07T14:42:24Z Federal Housing Finance Reform Act of 2007 - Title I: Reform of Regulation of Enterprises and Federal Home Loan Banks - Subtitle A: Improvement of Safety and Soundness - (Sec. 101) Amends the Housing and Community Development Act of 1992 (Act) to establish, in place of the present Office of Federal Housing Enterprise Oversight, a Federal Housing Finance Agency (FHFA), headed by a Director (Director) possessing general supervisory and regulatory authority over the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the federal home loan banks ("the enterprises").

(Sec. 102) Requires the Director to establish standards for each regulated entity, especially standards relating to: (1) adequacy of internal controls and information systems; (2) independence and adequacy of internal audit systems; (3) management of credit and counterparty risk; (4) management of any asset and investment portfolio; (5) investments and acquisitions; and (6) overall risk management processes, particularly adequacy of oversight by senior management and the board of directors, and of processes and policies to identify and control material risks, including reputational risks.

(Sec. 103) Establishes the Federal Housing Enterprise Oversight Board to advise the Director.

(Sec. 104) Instructs the Director to require a regulated entity to: (1) submit a timely report upon its discovery that it has purchased or sold a fraudulent loan or financial instrument, or if it suspects a possible fraud relating to a purchase or sale of any loan or financial instrument; (2) establish and maintain procedures designed to discover such transactions; and (3) report annually the total value of charitable contributions made to nonprofit organizations.

(Sec. 106) Instructs the Director to establish and collect from the regulated entities annual assessments to provide for FHFA costs and expenses.

(Sec. 107) Authorizes the Director to appoint accountants, economists, specialists in financial markets or information technology, and examiners with respect to supervision and regulation of the regulated entities.

Amends the Federal Home Loan Bank Act to subject federal home loan banks to examinations by the Director.

(Sec. 108) Specifies factors the Director may consider when determining (as under present law) whether to prohibit the enterprises from providing compensation to any executive officer of an enterprise that is not reasonable and comparable with compensation for employment in other similar businesses involving similar duties and responsibilities.

Authorizes the Director to consider any relevant factors, including any wrongdoing on the officer's part.

Authorizes the Director to require a regulated entity to withhold any payment, transfer, or disbursement of compensation to an executive officer, or to place such compensation in an escrow account, during the review of the compensation's reasonableness and comparability.

(Sec. 109) Revises the Director's authority to provide for review of enterprises by a rating organization. Authorizes the Director to contract with any entity the Director considers appropriate to conduct such a review. Repeals the requirement that such entity be a nationally recognized statistical rating organization.

(Sec. 110) Requires each regulated entity to: (1) establish an Office of Minority and Women Inclusion, or designate an office to be responsible for carrying out all matters relating to diversity in management, employment, and business activities; and (2) develop standards and procedures to ensure inclusion and utilization of minorities and women, and minority- and women-owned businesses, in all the regulated entity's business activities.

(Sec. 112) Declares that the submission to FHFA by any person of any information for any purpose in the course of any of FHFA supervisory or regulatory process shall not be construed as waiving, destroying, or otherwise affecting any privilege such person may claim with respect to such information under federal or state law as to any person or entity other than FHFA.

(Sec. 113) Revises requirements governing risk-based capital requirements.

Instructs the Director to establish risk-based capital requirements (as under present law) to ensure that the enterprises, including the federal home loan banks, operate in a safe and sound manner, maintaining sufficient capital and reserves to support the risks that arise in their operations and management.

(Sec. 114) Authorizes the Director to: (1) raise the minimum and critical capital levels governing the federal home loan banks as well as the enterprises; (2) make temporary minimum capital increases for a regulated entity; and (3) establish additional capital and reserve requirements for a particular program or activity.

Allows the Director discretion to set the critical capital level for each federal home loan bank.

(Sec. 115) Instructs the Director to establish standards by which the portfolio holdings of the enterprises, or their rate of growth, will be deemed to be consistent with the mission and the safe and sound operations of the enterprises.

Authorizes the Director, while monitoring the portfolio of each enterprise, to require an enterprise to dispose of or acquire any asset, if consistent with the purposes of the Act.

(Sec. 116) Sets forth corporate governance requirements for the enterprises.

(Sec. 117) Requires each each regulated entity to register its capital stock with the Securities and Exchange Commission.

(Sec. 118) Amends the Federal Financial Institutions Examination Council Act of 1978 to include one representative of the FHFA on the Federal Financial Institutions Examination Council (FFIEC).

(Sec. 119) Instructs the Director to study and report to Congress on the pricing, transparency, and reporting of Fannie Mae, Freddie Mac, and the federal home loan banks with regard to guarantee fees and analogous practices, transparency and reporting requirements of other participants in the business of mortgage purchases and securitization (including advances pricing practices by the federal home loan banks).

Subtitle B: Improvement of Mission Supervision - (Sec. 132) Instructs the Director to require each enterprise to obtain the Director's approval for any enterprise product before initially offering it.

(Sec. 133) Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to revise conforming loan limits.

Requires loan limit adjustments for high-cost areas to: (1) the lesser of 150% of the foregoing limitation for a particular size residence; or (2) the amount equal to the median price in such area for such size residence. Applies such an adjustment only with respect to mortgages on which are based securities issued and sold by the corporation involved.

Requires the Director to establish a housing price index method of assessing the national average one-family house price for use in adjusting such conforming loan limitations.

Directs the Comptroller General to audit and report to Congress on the housing price index methodology established by the Director to determine whether it is accurate and appropriate.

Instructs the Director to study and report in the Federal Register on: (1) the effect that restricting the conforming loan limits for high-cost areas only to mortgages on which Fannie Mae- and Freddie Mac-issued securities are based would have on the cost to borrowers for, and availability of, mortgages on housing in such high-cost areas; and (2) the extent to which Fannie Mae and Freddie Mac will be able to issue and sell securities based on such mortgages.

(Sec. 134) Revises requirements for the annual housing report to specified congressional committees on the activities of each regulated entity. Requires a monthly survey of mortgage markets.

Requires the Director to establish standards by which mortgages purchased and/or securitized shall be characterized as subprime solely for the purpose of complying with such report.

(Sec. 135) Requires the regulated entities to study and report to Congress annually on the levels of affordable housing inventory, and their changes, throughout the United States.

(Sec. 136) Instructs the Director (currently the Secretary) to establish, with respect to the mortgage purchases by the enterprises, annual housing goals that measure single-family housing and multifamily special affordable housing for low-income families.

Authorizes an enterprise to petition the Director to reduce the level of any goal under specified conditions.

(Sec. 137) Makes it a duty of each enterprise to increase the liquidity of mortgage investments and improve the distribution of investment capital available for mortgage financing for underserved markets, including rural rental housing.

(Sec. 138) Requires the Director, with respect to enforcing compliance with housing goals, to assign more than 125% credit toward achievement of housing goals for mortgage purchase activities of the enterprises that comply with specified goal requirements and support: (1) housing that meets energy efficiency or environmental standards; or (2) housing that includes a licensed childcare center.

Specifies steps the Director may take in enforcing compliance with housing goals, including cease-and-desist orders, civil money penalties, and prohibitions against an enterprise's offering of certain products or new activities, services, and undertakings.

(Sec. 139) Requires the Director to establish and manage an affordable housing fund to provide formula grants to: (1) increase homeownership for extremely low- and very low-income families; (2) increase investment in housing in low-income areas, and areas designated as qualified census tracts or an area of chronic economic distress; (3) increase and preserve the supply of rental and owner-occupied housing for extremely low- and very low-income families; (4) increase investment in public infrastructure development in connection with housing assisted under this Act; and (5) leverage investments from other sources in affordable housing and in public infrastructure development in connection with housing assisted under this Act.

Directs the Secretary of Housing and Urban Development (HUD) to issue regulations establishing affordable housing needs formulas that reflect this Act.

Directs the Comptroller General to study and report to Congress on the effects that the affordable housing fund will have on the availability and affordability of credit for homebuyers.

(Sec. 141) Transfers certain enforcement authorities with respect to noncomplying enterprises from the HUD Secretary to the Director. Revises grounds for issuance of charges in cease-and-desist proceedings. Grants the Director additional specified enforcement powers, including the power to impose civil money penalties.

Subtitle C: Prompt Corrective Action - (Sec. 151) Requires the Director to establish: (1) capital classifications for the federal home loan banks; and (2) establish criteria for each such capital classification based on the amount and types of capital held by a bank and the risk-based, minimum, and critical capital levels for the banks. Identifies such classifications as adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized.

Specifies grounds for discretionary reclassification by the Director (as undercapitalized, significantly undercapitalized, or critically undercapitalized) of other regulated entities (Fannie Mae and Freddie Mac).

Prohibits a regulated entity from making any capital distribution if, after making the distribution, it would be undercapitalized.

(Sec. 152) Sets forth supervisory actions applicable to undercapitalized and significantly undercapitalized regulated entities, including mandatory monitoring; restriction of asset growth; and prior approval of acquisitions, new products, and new activities.

(Sec. 154) Revises requirements for appointment of conservators for critically undercapitalized enterprises, extending them to all regulated entities.

Retains mandatory conservatorship authority in specified circumstances, but makes such authority discretionary in others. Allows the Director, at his or her discretion, to establish a conservatorship or receivership, as appropriate, for the purpose of reorganizing, rehabilitating, or winding up the affairs of a critically undercapitalized regulated entity, including one guilty of a criminal money laundering offense.

Details the powers of the Director acting as conservator or receiver.

Specifies procedures for the determination of claims against entities under a conservatorship or receivership.

Amends the Federal Home Loan Bank Act with respect to the succession of federal home loan banks to declare that each federal home loan bank shall have succession until it is voluntarily merged with another bank under such Act, or until it is merged, reorganized, rehabilitated, liquidated, or otherwise wound up by the Director.

Subtitle D: Enforcement Actions - (Sec. 161) Revises cease-and-desist proceeding requirements governing a regulated entity.

(Sec. 163) Authorizes the Director to petition the court for a prejudgment attachment.

(Sec. 164) Grants the Director authority to petition a U.S. district court directly for enforcement of orders, or request the Attorney General to do so. (Currently, the Director is limited to requesting the Attorney General to do so.)

(Sec. 165) Revises the current three tiers of civil money penalties, applying them to all regulated entities, and doubling them.

(Sec. 166) Grants the Director removal and prohibition authority with respect to a regulated entity-affiliated party, including authority to suspend.

(Sec. 167) Sets forth criminal penalties for any person who, subject to a removal or prohibition order, and without the Director's prior approval, knowingly participates in the affairs of a regulated entity.

(Sec. 168) Grants the Director subpoena power.

Subtitle E: General Provisions - (Sec. 181) Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to reduce the membership and revise requirements governing the Fannie Mae and Freddie Mac boards of directors, respectively. Eliminates the five members of each board appointed by the U.S. President.

(Sec. 182) Instructs the Director of FHFA to report to Congress regarding: (1) the safety and soundness of the portfolio operations of the enterprises; and (2) the effects on financial and housing finance markets of alternatives to the current secondary market system for housing finance.

Title II: Federal Home Loan Banks - (Sec. 202) Amends the Federal Home Loan Bank Act to revise requirements governing the board of directors, including directors' compensation. Reduces board membership from 14 to 13.

(Sec. 203) Replaces the Federal Housing Finance Board with the FHFA. Transfers from HUD to the FHFA oversight authority over federal home loan banks, including monitoring and enforcing compliance with affordable housing and community investment program requirements.

(Sec. 204) Permits joint activities of federal home loan banks only if the banks are otherwise authorized to perform such functions or services individually.

(Sec. 205) Requires the Director to prescribe regulations to ensure that each federal home loan bank has access to information it needs to determine the nature and extent of its joint and several liability.

(Sec. 206) Authorizes the merger of any two or more federal home loan banks with the approval of the Director and of the boards of directors of the banks involved.

(Sec. 207) Exempts federal home loan banks from specified disclosure requirements of the Securities Exchange Act of 1934, and bank members from compliance with such requirements regarding their ownership of, or transactions in, capital stock of the banks.

(Sec. 208) Increases from $500 million to $1 billion the total asset requirement for a community financial institution.

Allows such institutions to use advances for community development lending and community development loans as collateral for advances.

(Sec. 210) Instructs the Comptroller General to study and report to Congress and FHFA on: (1) how and the extent to which affordable housing programs of the federal home loan banks are used to assist long-term care facilities for low- and moderate-income individuals; and (2) the effectiveness and adequacy of such assistance in meeting the needs of affected communities.

Title III: Transfer of Functions, Personnel, and Property of Office of Federal Housing Enterprise Oversight, Federal Housing Finance Board, and Department of Housing and Urban Development - Subtitle A: Office of Federal Housing Enterprise Oversight - (Sec. 301) Abolishes the Office of Federal Housing Enterprise Oversight (OFHEO) of HUD, and transfers its functions, personnel, and property to FHFA.

Subtitle B: Federal Housing Finance Board - (Sec. 321) Abolishes the Federal Housing Finance Board, and transfers its functions, personnel, and property to FHFA.

Subtitle C: Department of Housing and Urban Development - (Sec. 341) Directs the HUD Secretary to determine which enterprise-related functions, duties, activities, property, and personnel of the Secretary shall be transferred by this Act to FHFA.

Sets forth transition procedures.

]]> 36 2007-05-22 Passed House amended 2007-06-18T21:25:25Z Federal Housing Finance Reform Act of 2007 - Title I: Reform of Regulation of Enterprises and Federal Home Loan Banks - Subtitle A: Improvement of Safety and Soundness - (Sec. 101) Amends the Housing and Community Development Act of 1992 (Act) to establish, in place of the present Office of Federal Housing Enterprise Oversight, a Federal Housing Finance Agency (FHFA), headed by a Director (Director) possessing general supervisory and regulatory authority over the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the federal home loan banks ("the regulated entities").

(Sec. 102) Requires the Director to establish standards for each regulated entity, especially standards relating to: (1) adequacy of internal controls and information systems; (2) independence and adequacy of internal audit systems; (3) management of credit and counterparty risk; (4) management of any asset and investment portfolio; (5) investments and acquisitions; and (6) overall risk management processes, particularly adequacy of oversight by senior management and the board of directors, and of processes and policies to identify and control material risks, including reputational risks.

(Sec. 103) Establishes the Federal Housing Enterprise Board to advise the Director.

(Sec. 104) Instructs the Director to require a regulated entity to: (1) submit a timely report upon its discovery that it has purchased or sold a fraudulent loan or financial instrument, or if it suspects a possible fraud relating to a purchase or sale of any loan or financial instrument; (2) establish and maintain procedures designed to discover such transactions; and (3) report annually the total value of charitable contributions made to nonprofit organizations.

(Sec. 106) Instructs the Director to establish and collect from the regulated entities annual assessments to provide for FHFA costs and expenses.

(Sec. 107) Authorizes the Director to appoint accountants, economists, specialists in financial markets or information technology, and examiners with respect to supervision and regulation of the regulated entities.

Amends the Federal Home Loan Bank Act to subject federal home loan banks to examinations by the Director.

(Sec. 108) Specifies factors the Director may consider when determining (as under present law) whether to prohibit the regulated entities from providing compensation to any executive officer of an entity that is not reasonable and comparable with compensation for employment in other similar businesses involving similar duties and responsibilities.

Authorizes the Director to consider any relevant factors, including any wrongdoing on the officer's part.

Authorizes the Director to require a regulated entity to withhold any payment, transfer, or disbursement of compensation to an executive officer, or to place such compensation in an escrow account, during the review of the compensation's reasonableness and comparability.

(Sec. 109) Revises the Director's authority to provide for review of regulated entities by a rating organization. Authorizes the Director to contract with any entity the Director considers appropriate to conduct such a review. Repeals the requirement that such entity be a nationally recognized statistical rating organization.

(Sec. 110) Requires each regulated entity to: (1) establish an Office of Minority and Women Inclusion, or designate an office to be responsible for carrying out all matters relating to diversity in management, employment, and business activities; and (2) develop standards and procedures to ensure inclusion and utilization of minorities and women, and minority- and women-owned businesses, in all the regulated entity's business activities.

(Sec. 112) Declares that the submission to FHFA by any person of any information for any purpose in the course of any of FHFA supervisory or regulatory process shall not be construed as waiving, destroying, or otherwise affecting any privilege such person may claim with respect to such information under federal or state law as to any person or entity other than FHFA.

(Sec. 113) Revises requirements governing risk-based capital requirements.

Instructs the Director to establish risk-based capital requirements (as under present law) to ensure that the regulated entities, including the federal home loan banks, operate in a safe and sound manner, maintaining sufficient capital and reserves to support the risks that arise in their operations and management.

(Sec. 114) Authorizes the Director to: (1) raise the minimum and critical capital levels governing the federal home loan banks as well as the other regulated entities; (2) make temporary minimum capital increases for a regulated entity; and (3) establish additional capital and reserve requirements for a particular program or activity.

Allows the Director discretion to set the critical capital level for each federal home loan bank.

(Sec. 115) Instructs the Director to establish standards by which the portfolio holdings of the regulated entities, or their rate of growth, will be deemed to be consistent with their mission and the safe and sound operations.

Authorizes the Director, while monitoring the portfolio of each regulated entity, to require an entity to dispose of or acquire any asset, if consistent with the purposes of the Act.

(Sec. 116) Sets forth corporate governance requirements for the regulated entities.

(Sec. 117) Requires each each regulated entity to register its capital stock with the Securities and Exchange Commission.

(Sec. 118) Amends the Federal Financial Institutions Examination Council Act of 1978 to include one representative of the FHFA on the Federal Financial Institutions Examination Council (FFIEC).

(Sec. 119) Instructs the Director to study and report to Congress on the pricing, transparency, and reporting of Fannie Mae, Freddie Mac, and the federal home loan banks with regard to guarantee fees and analogous practices, transparency and reporting requirements of other participants in the business of mortgage purchases and securitization (including advances pricing practices by the federal home loan banks).

Subtitle B: Improvement of Mission Supervision - (Sec. 132) Instructs the Director to require each regulated entity to obtain the Director's approval for any regulated entity product before initially offering it.

(Sec. 133) Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to revise conforming loan limits.

Requires loan limit adjustments for high-cost areas to: (1) the lesser of 150% of the foregoing limitation for a particular size residence; or (2) the amount equal to the median price in such area for such size residence. Applies such an adjustment only with respect to mortgages on which are based securities issued and sold by the corporation involved.

Requires the Director to establish a housing price index method of assessing the national average one-family house price for use in adjusting such conforming loan limitations.

Directs the Comptroller General to audit and report to Congress on the housing price index methodology established by the Director to determine whether it is accurate and appropriate.

Instructs the Director to study and report in the Federal Register on: (1) the effect that restricting the conforming loan limits for high-cost areas only to mortgages on which Fannie Mae- and Freddie Mac-issued securities are based would have on the cost to borrowers for, and availability of, mortgages on housing in such high-cost areas; and (2) the extent to which Fannie Mae and Freddie Mac will be able to issue and sell securities based on such mortgages.

(Sec. 134) Revises requirements for the annual housing report to specified congressional committees on the activities of each regulated entity. Requires a monthly survey of mortgage markets.

Requires the Director to establish standards by which mortgages purchased and/or securitized shall be characterized as subprime solely for the purpose of complying with such report.

(Sec. 135) Requires the regulated entities to study and report to Congress annually on the levels of affordable housing inventory, and their changes, throughout the United States.

(Sec. 136) Requires the Director to establish standards that prohibit the regulated entities from issuing a mortgage unless the mortgagor furnishes a Social Security account number at the time of settlement.

(Sec. 137) Instructs the Director (currently the Secretary) to establish, with respect to the mortgage purchases by the regulated entities, annual housing goals that measure single-family housing and multifamily special affordable housing for low-income families.

Authorizes a regulated entity to petition the Director to reduce the level of any goal under specified conditions.

(Sec. 138) Makes it a duty of each regulated entity to increase the liquidity of mortgage investments and improve the distribution of investment capital available for mortgage financing for underserved markets, including rural rental housing.

(Sec. 139) Requires the Director, with respect to enforcing compliance with housing goals, to assign more than 125% credit toward achievement of housing goals for mortgage purchase activities of the regulated entities that comply with specified goal requirements and support: (1) housing that meets energy efficiency or environmental standards; or (2) housing that includes a licensed childcare center.

Specifies steps the Director may take in enforcing compliance with housing goals, including cease-and-desist orders, civil money penalties, and prohibitions against an entity's offering of certain products or new activities, services, and undertakings.

(Sec. 140) Requires the Director to establish and manage an affordable housing fund to provide formula grants to: (1) increase homeownership for extremely low-and very low-income families; (2) increase investment in housing in low-income areas, and areas designated as qualified census tracts or an area of chronic economic distress; (3) increase and preserve the supply of rental and owner-occupied housing for extremely low- and very low-income families; (4) increase investment in public infrastructure development in connection with housing assisted under this Act; and (5) leverage investments from other sources in affordable housing and in public infrastructure development in connection with housing assisted under this Act.

Requires the Director to prohibit each regulated entity from redirecting costs of allocations to the originators of mortgages purchased or securitized by the entity.

Designates permissible activities funded under the Affordable Housing Fund Grant. Restricts such grants to homebuyers who, prior to purchase, have: (1) completed a homeownership counseling program approved by the Director; and (2) demonstrated that they are lawfully present in the United States.

Sets forth identification prerequisites for occupancy or assistance under the Affordable Housing Grant program. Requires all adult members of a household to provide personal identification in one of the following forms: (1) a Social Security card accompanied by a photo identification card issued by the federal or a state government; (2) a driver's license or identification card issued by a state; (3) a passport issued by the United States or a foreign government; and (4) a photo identification card issued by the Secretary of Homeland Security (acting through the Director of the United States Citizenship and Immigration Services).

Directs the Secretary of Housing and Urban Development (HUD) to issue regulations establishing affordable housing needs formulas that reflect this Act.

Sets forth requirements governing funding accountability and transparency.

Directs the Comptroller General to study and report to Congress on the effects that the affordable housing fund will have on the availability and affordability of credit for homebuyers.

(Sec. 142) Transfers certain enforcement authorities with respect to noncomplying regulated entities from the HUD Secretary to the Director. Revises grounds for issuance of charges in cease-and-desist proceedings. Grants the Director additional specified enforcement powers, including the power to impose civil money penalties.

Subtitle C: Prompt Corrective Action - (Sec. 151) Requires the Director to establish: (1) capital classifications for the federal home loan banks; and (2) establish criteria for each such capital classification based on the amount and types of capital held by a bank and the risk-based, minimum, and critical capital levels for the banks. Identifies such classifications as adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized.

Specifies grounds for discretionary reclassification by the Director (as undercapitalized, significantly undercapitalized, or critically undercapitalized) of other regulated entities (Fannie Mae and Freddie Mac).

Prohibits a regulated entity from making any capital distribution if, after making the distribution, it would be undercapitalized.

(Sec. 152) Sets forth supervisory actions applicable to undercapitalized and significantly undercapitalized regulated entities, including mandatory monitoring; restriction of asset growth; and prior approval of acquisitions, new products, and new activities.

(Sec. 154) Revises requirements for appointment of conservators for critically undercapitalized regulated entities, extending them to all regulated entities.

Retains mandatory conservatorship authority in specified circumstances, but makes such authority discretionary in others. Allows the Director, at his or her discretion, to establish a conservatorship or receivership, as appropriate, for the purpose of reorganizing, rehabilitating, or winding up the affairs of a critically undercapitalized regulated entity, including one guilty of a criminal money laundering offense.

Details the powers of the Director acting as conservator or receiver.

Specifies procedures for the determination of claims against entities under a conservatorship or receivership.

Amends the Federal Home Loan Bank Act with respect to the succession of federal home loan banks to declare that each federal home loan bank shall have succession until it is voluntarily merged with another bank under such Act, or until it is merged, reorganized, rehabilitated, liquidated, or otherwise wound up by the Director.

Subtitle D: Enforcement Actions - (Sec. 161) Revises cease-and-desist proceeding requirements governing a regulated entity.

(Sec. 163) Authorizes the Director to petition the court for a prejudgment attachment.

(Sec. 164) Grants the Director authority to petition a U.S. district court directly for enforcement of orders, or request the Attorney General to do so. (Currently, the Director is limited to requesting the Attorney General to do so.)

(Sec. 165) Revises the current three tiers of civil money penalties, applying them to all regulated entities, and doubling them.

(Sec. 166) Grants the Director removal and prohibition authority with respect to a regulated entity-affiliated party, including authority to suspend.

(Sec. 167) Sets forth criminal penalties for any person who, subject to a removal or prohibition order, and without the Director's prior approval, knowingly participates in the affairs of a regulated entity.

(Sec. 168) Grants the Director subpoena power.

Subtitle E: General Provisions - (Sec. 181) Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to reduce the membership and revise requirements governing the Fannie Mae and Freddie Mac boards of directors, respectively. Eliminates the five members of each board appointed by the U.S. President.

(Sec. 182) Instructs the Director of FHFA to report to Congress regarding: (1) the safety and soundness of the portfolio operations of the regulated entities; and (2) the effects on financial and housing finance markets of alternatives to the current secondary market system for housing finance.

Title II: Federal Home Loan Banks - (Sec. 202) Amends the Federal Home Loan Bank Act to revise requirements governing the board of directors, including directors' compensation. Reduces board membership from 14 to 13.

(Sec. 203) Replaces the Federal Housing Finance Board with the FHFA. Transfers from HUD to the FHFA oversight authority over federal home loan banks, including monitoring and enforcing compliance with affordable housing and community investment program requirements.

(Sec. 204) Permits joint activities of federal home loan banks only if the banks are otherwise authorized to perform such functions or services individually.

(Sec. 205) Requires the Director to prescribe regulations to ensure that each federal home loan bank has access to information it needs to determine the nature and extent of its joint and several liability.

(Sec. 206) Authorizes the merger of any two or more federal home loan banks with the approval of the Director and of the boards of directors of the banks involved.

(Sec. 207) Exempts federal home loan banks from specified disclosure requirements of the Securities Exchange Act of 1934, and bank members from compliance with such requirements regarding their ownership of, or transactions in, capital stock of the banks.

(Sec. 208) Increases from $500 million to $1 billion the total asset requirement for a community financial institution.

Allows such institutions to use advances for community development lending and community development loans as collateral for advances.

(Sec. 210) Instructs the Comptroller General to study and report to Congress and FHFA on: (1) how and the extent to which affordable housing programs of the federal home loan banks are used to assist long-term care facilities for low- and moderate-income individuals; and (2) the effectiveness and adequacy of such assistance in meeting the needs of affected communities.

Title III: Transfer of Functions, Personnel, and Property of Office of Federal Housing Enterprise Oversight, Federal Housing Finance Board, and Department of Housing and Urban Development - Subtitle A: Office of Federal Housing Enterprise Oversight - (Sec. 301) Abolishes the Office of Federal Housing Enterprise Oversight (OFHEO) of HUD, and transfers its functions, personnel, and property to FHFA..

Subtitle B: Federal Housing Finance Board - (Sec. 321) Abolishes the Federal Housing Finance Board, and transfers its functions, personnel, and property to FHFA.

Subtitle C: Department of Housing and Urban Development - (Sec. 341) Directs the HUD Secretary to determine which enterprise-related functions, duties, activities, property, and personnel of the Secretary shall be transferred by this Act to FHFA.

Sets forth transition procedures.

]]> Federal Housing Finance Reform Act of 2007 Official Title as Introduced To reform the regulation of certain housing-related Government-sponsored enterprises, and for other purposes. Introduced in House IH Display Title Federal Housing Finance Reform Act of 2007 Short Titles as Introduced Federal Housing Finance Reform Act of 2007 Short Titles as Reported to House Federal Housing Finance Reform Act of 2007 H House 226 110 HAMDT Amendment sought to place a cap of $520 million on the amount of funds that would be available in the Affordable Housing Fund. An amendment numbered 1 printed in the Congressional Record to set a cap on the amount of funds available in the Affordable Housing Fund. 2022-02-03T05:38:40Z 2007-05-22 On agreeing to the Neugebauer amendment (A024) Failed by recorded vote: 164 - 256 (Roll no. 393). (consideration: CR H5567-5568) 14:00:27 H5567-5568 https://www.congress.gov/congressional-record/volume-153/house-section/page/H5567-5568 Roll no. 393 https://clerk.house.gov/evs/2007/roll393.xml N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 2007-05-18T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 8 2007-05-22 14:00:27 On agreeing to the Neugebauer amendment (A024) Failed by recorded vote: 164 - 256 (Roll no. 393). (consideration: CR H5567-5568) Floor H32111 2 House floor actions 393 House 110 2007-05-22T18:00:27Z 1 https://clerk.house.gov/evs/2007/roll393.xml 2007-05-18 00:10:00 Amendment (A024) offered by Mr. Neugebauer. (consideration: CR H5465-5467; text: CR H5465) Floor H3A100 2 House floor actions 2007-05-18 00:10:00 House amendment offered/reported by : Amendment (A024) offered by Mr. Neugebauer.(consideration: CR H5465-5467; text: CR H5465) NotUsed 71500 9 Library of Congress 2007-05-22 14:00:27 House amendment not agreed to: On agreeing to the Neugebauer amendment (A024) Failed by recorded vote: 164 - 256 (Roll no. 393).(consideration: CR H5567-5568) Floor 73000 9 Library of Congress 393 House 110 2007-05-22T18:00:27Z 1 https://clerk.house.gov/evs/2007/roll393.xml 2007-05-22 14:00:27 Roll call votes on amendments in House Floor 75000 9 Library of Congress 393 House 110 2007-05-22T18:00:27Z 1 https://clerk.house.gov/evs/2007/roll393.xml 2007-05-22 14:00:27 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 393 House 110 2007-05-22T18:00:27Z 1 https://clerk.house.gov/evs/2007/roll393.xml 2007-05-18 House amendment offered Floor 71000 9 Library of Congress 225 110 HAMDT Amendment sought to strike the Affordable Housing Trust Fund budgetary placeholder language in the bill. An amendment numbered 30 printed in the Congressional Record to strike the Affordable Housing Trust Fund budgetary placeholder language in the bill. 2022-02-03T05:38:40Z 2007-05-22 On agreeing to the Hensarling amendment (A023) Failed by recorded vote: 155 - 263 (Roll no. 392). (consideration: CR H5566-5567) 13:56:14 H5566-5567 https://www.congress.gov/congressional-record/volume-153/house-section/page/H5566-5567 Roll no. 392 https://clerk.house.gov/evs/2007/roll392.xml H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 8 2007-05-22 13:56:14 On agreeing to the Hensarling amendment (A023) Failed by recorded vote: 155 - 263 (Roll no. 392). (consideration: CR H5566-5567) Floor H32111 2 House floor actions 392 House 110 2007-05-22T17:56:14Z 1 https://clerk.house.gov/evs/2007/roll392.xml 2007-05-17 23:56:44 Amendment (A023) offered by Mr. Hensarling. (consideration: CR H5463-5465; text: CR H5463) Floor H3A100 2 House floor actions 2007-05-17 23:56:44 House amendment offered/reported by : Amendment (A023) offered by Mr. Hensarling.(consideration: CR H5463-5465; text: CR H5463) NotUsed 71500 9 Library of Congress 2007-05-22 13:56:14 House amendment not agreed to: On agreeing to the Hensarling amendment (A023) Failed by recorded vote: 155 - 263 (Roll no. 392).(consideration: CR H5566-5567) Floor 73000 9 Library of Congress 392 House 110 2007-05-22T17:56:14Z 1 https://clerk.house.gov/evs/2007/roll392.xml 2007-05-22 13:56:14 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 392 House 110 2007-05-22T17:56:14Z 1 https://clerk.house.gov/evs/2007/roll392.xml 2007-05-22 13:56:14 Roll call votes on amendments in House Floor 75000 9 Library of Congress 392 House 110 2007-05-22T17:56:14Z 1 https://clerk.house.gov/evs/2007/roll392.xml 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 224 110 HAMDT Amendment, as modified, prohibits government sponsored enterprises from treating the costs of making allocations to the affordable housing fund as a regular business expense. An amendment designated as the second amendment numbered 22 printed in the Congressional Record to prohibit GSE's from treating the costs of making allocations to the affordable housing funds as either regular business expenses or redirecting the costs through increased fees, decreased premiums, or any other manner. 2022-02-03T05:38:40Z 2007-05-17 On agreeing to the Garrett (NJ) amendment (A022) as modified Agreed to by voice vote. (text as modified: CR H5463) 23:55:44 H5463 https://www.congress.gov/congressional-record/volume-153/house-section/page/H5463 G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 8 2007-05-17 23:55:44 On agreeing to the Garrett (NJ) amendment (A022) as modified Agreed to by voice vote. (text as modified: CR H5463) Floor H32111 2 House floor actions 2007-05-17 23:54:28 Garrett (NJ) amendment (A022) modified by unanimous consent. (consideration: CR H5463) Floor H32160 2 House floor actions 2007-05-17 23:48:30 Amendment (A022) offered by Mr. Garrett (NJ). (consideration: CR H5462-5463; text: CR H5462) Floor H3A100 2 House floor actions 2007-05-17 23:48:30 House amendment offered/reported by : Amendment (A022) offered by Mr. Garrett (NJ).(consideration: CR H5462-5463; text: CR H5462) NotUsed 71500 9 Library of Congress 2007-05-17 23:55:44 Amendment agreed to Committee of the Whole NotUsed 76000 9 Library of Congress 2007-05-17 23:55:44 House amendment agreed to: On agreeing to the Garrett (NJ) amendment (A022) as modified Agreed to by voice vote.(text as modified: CR H5463) Floor 72000 9 Library of Congress 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 223 110 HAMDT Amendment prevents government-sponsored enterprises from purchasing any mortgage from a lender where the person who received the mortgage did not use a valid Social Security number. An amendment numbered 19 printed in the Congressional Record to prohibit all three mortgage lending government-sponsored enterprises (GSE's) from obtaining primary residential mortgages being granted to any person who does not have a valid Social Security number. 2022-02-03T05:38:40Z 2007-05-22 On agreeing to the Doolittle amendment (A021) Agreed to by recorded vote: 217 - 205 (Roll no. 391). (consideration: CR H5565-5566) 13:51:48 H5565-5566 https://www.congress.gov/congressional-record/volume-153/house-section/page/H5565-5566 Roll no. 391 https://clerk.house.gov/evs/2007/roll391.xml D000429 Rep. Doolittle, John T. [R-CA-4] JOHN DOOLITTLE R CA T. 4 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 8 2007-05-22 13:51:48 On agreeing to the Doolittle amendment (A021) Agreed to by recorded vote: 217 - 205 (Roll no. 391). (consideration: CR H5565-5566) Floor H32111 2 House floor actions 391 House 110 2007-05-22T17:51:48Z 1 https://clerk.house.gov/evs/2007/roll391.xml 2007-05-17 23:36:32 Amendment (A021) offered by Mr. Doolittle. (consideration: CR H5461-5462; text: CR H5461) Floor H3A100 2 House floor actions 2007-05-17 23:36:32 House amendment offered/reported by : Amendment (A021) offered by Mr. Doolittle.(consideration: CR H5461-5462; text: CR H5461) NotUsed 71500 9 Library of Congress 2007-05-22 13:51:48 House amendment agreed to: On agreeing to the Doolittle amendment (A021) Agreed to by recorded vote: 217 - 205 (Roll no. 391).(consideration: CR H5565-5566) Floor 72000 9 Library of Congress 391 House 110 2007-05-22T17:51:48Z 1 https://clerk.house.gov/evs/2007/roll391.xml 2007-05-22 13:51:48 Roll call votes on amendments in House Floor 75000 9 Library of Congress 391 House 110 2007-05-22T17:51:48Z 1 https://clerk.house.gov/evs/2007/roll391.xml 2007-05-22 13:51:48 Amendment agreed to Committee of the Whole NotUsed 76000 9 Library of Congress 391 House 110 2007-05-22T17:51:48Z 1 https://clerk.house.gov/evs/2007/roll391.xml 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 222 110 HAMDT Amendment sought to require the Director of the Federal Housing Finance Agency when taking action under the bill to include the factors of safety and soundness and increased costs to the borrowers. An amendment numbered 9 printed in the Congressional Record to require that the director of a GSE study and certify to Congress that its contributions to the affordable housing fund wouldn't contribute to its financial instability or impair its safety and soundness. 2022-02-03T05:38:40Z 2007-05-22 On agreeing to the Price (GA) amendment (A020) Failed by recorded vote: 180 - 243 (Roll no. 390). (consideration: CR H5565) 13:47:10 H5565 https://www.congress.gov/congressional-record/volume-153/house-section/page/H5565 Roll no. 390 https://clerk.house.gov/evs/2007/roll390.xml P000591 Rep. Price, Tom [R-GA-6] Tom Price R GA 6 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 8 2007-05-22 13:47:10 On agreeing to the Price (GA) amendment (A020) Failed by recorded vote: 180 - 243 (Roll no. 390). (consideration: CR H5565) Floor H32111 2 House floor actions 390 House 110 2007-05-22T17:47:10Z 1 https://clerk.house.gov/evs/2007/roll390.xml 2007-05-17 23:32:03 Amendment (A020) offered by Mr. Price (GA). (consideration: CR H5460-5461; text: CR H5460) Floor H3A100 2 House floor actions 2007-05-17 23:32:03 House amendment offered/reported by : Amendment (A020) offered by Mr. Price (GA).(consideration: CR H5460-5461; text: CR H5460) NotUsed 71500 9 Library of Congress 2007-05-22 13:47:10 House amendment not agreed to: On agreeing to the Price (GA) amendment (A020) Failed by recorded vote: 180 - 243 (Roll no. 390).(consideration: CR H5565) Floor 73000 9 Library of Congress 390 House 110 2007-05-22T17:47:10Z 1 https://clerk.house.gov/evs/2007/roll390.xml 2007-05-22 13:47:10 Roll call votes on amendments in House Floor 75000 9 Library of Congress 390 House 110 2007-05-22T17:47:10Z 1 https://clerk.house.gov/evs/2007/roll390.xml 2007-05-22 13:47:10 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 390 House 110 2007-05-22T17:47:10Z 1 https://clerk.house.gov/evs/2007/roll390.xml 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 221 110 HAMDT An amendment numbered 33 printed in the Congressional Record. 2022-02-03T05:38:40Z 2007-05-17 By unanimous consent, the Miller, Gary amendment was withdrawn. 23:31:53 M001139 Rep. Miller, Gary G. [R-CA-42] GARY MILLER R CA 42 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 5 2007-05-17 23:31:53 By unanimous consent, the Miller, Gary amendment was withdrawn. Floor H32140 2 House floor actions 2007-05-17 23:29:38 Amendment (A019) offered by Mr. Miller, Gary. (consideration: CR H5460; text: CR H5460) Floor H3A100 2 House floor actions 2007-05-17 23:29:38 House amendment offered/reported by : Amendment (A019) offered by Mr. Miller, Gary.(consideration: CR H5460; text: CR H5460) NotUsed 71500 9 Library of Congress 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 220 110 HAMDT An amendment numbered 32 printed in the Congressional Record to strike the High Cost Area increases in Section 133 to the Conforming Loan Limit. 2022-02-03T05:38:40Z 2007-05-17 By unanimous consent, the Hensarling amendment was withdrawn. 23:26:13 H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 5 2007-05-17 23:26:13 By unanimous consent, the Hensarling amendment was withdrawn. Floor H32140 2 House floor actions 2007-05-17 23:20:47 Amendment (A018) offered by Mr. Hensarling. (consideration: CR H5459-5460; text: CR H5459) Floor H3A100 2 House floor actions 2007-05-17 23:20:47 House amendment offered/reported by : Amendment (A018) offered by Mr. Hensarling.(consideration: CR H5459-5460; text: CR H5459) NotUsed 71500 9 Library of Congress 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 219 110 HAMDT An amendment numbered 25 printed in the Congressional Record to make economically disadvantaged counties that receive payments under the Secure Rural Roads and Community Self-Determination Act eligible to receive Affordable Housing fund grants. An amendment numbered 25 printed in the Congressional Record to make economically disadvantaged counties that receive payments under the Secure Rural Roads and Community Self-Determination Act eligible to receive Affordable Housing fund grants. 2022-02-03T05:38:40Z 2007-05-17 Mr. Frank (MA) raised a point of order against the Doolittle amendment (A017). Mr. Frank stated that the provisions of the Doolittle amendment exceed the scope of the bill and as such, the amendment is not germane. The Chair sustained the point of order. 23:19:11 D000429 Rep. Doolittle, John T. [R-CA-4] JOHN DOOLITTLE R CA T. 4 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 5 2007-05-17 23:19:11 Mr. Frank (MA) raised a point of order against the Doolittle amendment (A017). Mr. Frank stated that the provisions of the Doolittle amendment exceed the scope of the bill and as such, the amendment is not germane. The Chair sustained the point of order. Floor H32130 2 House floor actions 2007-05-17 23:14:20 Amendment (A017) offered by Mr. Doolittle. (consideration: CR H5458-5459; text: CR H5458) Floor H3A100 2 House floor actions 2007-05-17 23:14:20 House amendment offered/reported by : Amendment (A017) offered by Mr. Doolittle.(consideration: CR H5458-5459; text: CR H5458) NotUsed 71500 9 Library of Congress 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 218 110 HAMDT Amendment sought to modify the allocation of funds from the affordable housing fund in order to provide 10 percent of such funds in the first year to Texas. An amendment numbered 34 printed in the Congressional Record to redistribute the affordable housing grants for use in disaster areas from a ratio of 75% for Louisiana and 25% for Mississippi to create 10% for Texas by taking 5% each from the allotment for Louisiana and Mississippi. 2022-02-03T05:38:40Z 2007-05-22 On agreeing to the Brady (TX) amendment (A016) Failed by recorded vote: 163 - 260 (Roll no. 389). (consideration: CR H5564-5565) 13:42:27 H5564-5565 https://www.congress.gov/congressional-record/volume-153/house-section/page/H5564-5565 Roll no. 389 https://clerk.house.gov/evs/2007/roll389.xml B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 8 2007-05-22 13:42:27 On agreeing to the Brady (TX) amendment (A016) Failed by recorded vote: 163 - 260 (Roll no. 389). (consideration: CR H5564-5565) Floor H32111 2 House floor actions 389 House 110 2007-05-22T17:42:27Z 1 https://clerk.house.gov/evs/2007/roll389.xml 2007-05-17 22:52:48 Amendment (A016) offered by Mr. Brady (TX). (consideration: CR H5455-5458; text: CR H5455) Floor H3A100 2 House floor actions 2007-05-17 22:52:48 House amendment offered/reported by : Amendment (A016) offered by Mr. Brady (TX).(consideration: CR H5455-5458; text: CR H5455) NotUsed 71500 9 Library of Congress 2007-05-22 13:42:27 House amendment not agreed to: On agreeing to the Brady (TX) amendment (A016) Failed by recorded vote: 163 - 260 (Roll no. 389).(consideration: CR H5564-5565) Floor 73000 9 Library of Congress 389 House 110 2007-05-22T17:42:27Z 1 https://clerk.house.gov/evs/2007/roll389.xml 2007-05-22 13:42:27 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 389 House 110 2007-05-22T17:42:27Z 1 https://clerk.house.gov/evs/2007/roll389.xml 2007-05-22 13:42:27 Roll call votes on amendments in House Floor 75000 9 Library of Congress 389 House 110 2007-05-22T17:42:27Z 1 https://clerk.house.gov/evs/2007/roll389.xml 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 217 110 HAMDT Amendment sought to require the Director of the Federal Housing Finance Agency to provide information to mortgage originators about any added mortgage costs to consumers associated with the affordable housing fund. An amendment numbered 10 printed in the Congressional Record to requrie the Director of the new GSE Regulator to provide information to mortgage originators about any added mortgage costs to consumers associated with the new Housing Fund; in turn, originators would have to furnish this written information to homebuyers at or before closing to qualify their mortgages for purchase, service, holding, lending on the security of or selling by the GSE's. The amendment provides that all of the costs associated with the new regulatory requirement created would be paid for with funds from the new Housing Fund. 2022-02-03T05:38:40Z 2007-05-22 On agreeing to the Sessions amendment (A015) Failed by recorded vote: 183 - 240 (Roll no. 388). (consideration: CR H5563-5564) 13:38:11 H5563-5564 https://www.congress.gov/congressional-record/volume-153/house-section/page/H5563-5564 Roll no. 388 https://clerk.house.gov/evs/2007/roll388.xml S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 8 2007-05-22 13:38:11 On agreeing to the Sessions amendment (A015) Failed by recorded vote: 183 - 240 (Roll no. 388). (consideration: CR H5563-5564) Floor H32111 2 House floor actions 388 House 110 2007-05-22T17:38:11Z 1 https://clerk.house.gov/evs/2007/roll388.xml 2007-05-17 22:26:34 Amendment (A015) offered by Mr. Sessions. (consideration: CR H5451-5455; text: CR H5451-5452) Floor H3A100 2 House floor actions 2007-05-17 22:26:34 House amendment offered/reported by : Amendment (A015) offered by Mr. Sessions.(consideration: CR H5451-5455; text: CR H5451-5452) NotUsed 71500 9 Library of Congress 2007-05-22 13:38:11 House amendment not agreed to: On agreeing to the Sessions amendment (A015) Failed by recorded vote: 183 - 240 (Roll no. 388).(consideration: CR H5563-5564) Floor 73000 9 Library of Congress 388 House 110 2007-05-22T17:38:11Z 1 https://clerk.house.gov/evs/2007/roll388.xml 2007-05-22 13:38:11 Roll call votes on amendments in House Floor 75000 9 Library of Congress 388 House 110 2007-05-22T17:38:11Z 1 https://clerk.house.gov/evs/2007/roll388.xml 2007-05-22 13:38:11 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 388 House 110 2007-05-22T17:38:11Z 1 https://clerk.house.gov/evs/2007/roll388.xml 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 216 110 HAMDT Amendment adds language to prevent illegal immigrants from owning or renting housing built by funds from the affordable housing fund by requiring adult occupants of that housing to establish their legal residency through the use of secure forms of identification. An amendment numbered 8 printed in the Congressional Record to prevent illegal immigrants from owning or renting housing built by funds from the affordable housing fund by requiring adult occupants of that housing to establish their legal residency through the use of secure forms of identification. 2022-02-03T05:38:40Z 2007-05-22 On agreeing to the Price (GA) amendment (A014) Agreed to by recorded vote: 235 - 188 (Roll no. 387). (consideration: CR H5562-5563) 13:32:54 H5562-5563 https://www.congress.gov/congressional-record/volume-153/house-section/page/H5562-5563 Roll no. 387 https://clerk.house.gov/evs/2007/roll387.xml P000591 Rep. Price, Tom [R-GA-6] Tom Price R GA 6 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 8 2007-05-22 13:32:54 On agreeing to the Price (GA) amendment (A014) Agreed to by recorded vote: 235 - 188 (Roll no. 387). (consideration: CR H5562-5563) Floor H32111 2 House floor actions 387 House 110 2007-05-22T17:32:54Z 1 https://clerk.house.gov/evs/2007/roll387.xml 2007-05-17 22:01:23 Amendment (A014) offered by Mr. Price (GA). (consideration: CR H5448-5451; text: CR H5449) Floor H3A100 2 House floor actions 2007-05-17 22:01:23 House amendment offered/reported by : Amendment (A014) offered by Mr. Price (GA).(consideration: CR H5448-5451; text: CR H5449) NotUsed 71500 9 Library of Congress 2007-05-22 13:32:54 House amendment agreed to: On agreeing to the Price (GA) amendment (A014) Agreed to by recorded vote: 235 - 188 (Roll no. 387).(consideration: CR H5562-5563) Floor 72000 9 Library of Congress 387 House 110 2007-05-22T17:32:54Z 1 https://clerk.house.gov/evs/2007/roll387.xml 2007-05-22 13:32:54 Roll call votes on amendments in House Floor 75000 9 Library of Congress 387 House 110 2007-05-22T17:32:54Z 1 https://clerk.house.gov/evs/2007/roll387.xml 2007-05-22 13:32:54 Amendment agreed to Committee of the Whole NotUsed 76000 9 Library of Congress 387 House 110 2007-05-22T17:32:54Z 1 https://clerk.house.gov/evs/2007/roll387.xml 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 215 110 HAMDT Amendment sought to specify that funds collected for the affordable housing fund be used to provide housing assistance to the victims of Hurricanes Katrina or Rita and to provide housing assistance for disabled homeless veterans. An amendment numbered 16 printed in the Congressional Record to strike low-income housing grants from the affordable housing fund and to insert housing assistance provisions for the areas affected by Hurricanes Katrina and Rita; strike language outlining affordable housing grant formulas for Indian tribal members and directs funds to be allocated "based on the formula used for the Continuum of Care competition of the Department of Housing and Urban Development"; and insert language requiring that affordable housing grants after 2007 be reserved only for rental housing voucher assistance in accordance with the Housing act of 1937. 2022-02-03T05:38:40Z 2007-05-22 On agreeing to the Feeney amendment (A013) Failed by recorded vote: 174 - 246 (Roll no. 386). (consideration: CR H5561-5562) 13:24:50 H5561-5562 https://www.congress.gov/congressional-record/volume-153/house-section/page/H5561-5562 Roll no. 386 https://clerk.house.gov/evs/2007/roll386.xml F000447 Rep. Feeney, Tom [R-FL-24] Tom Feeney R FL 24 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 8 2007-05-22 13:24:50 On agreeing to the Feeney amendment (A013) Failed by recorded vote: 174 - 246 (Roll no. 386). (consideration: CR H5561-5562) Floor H32111 2 House floor actions 386 House 110 2007-05-22T17:24:50Z 1 https://clerk.house.gov/evs/2007/roll386.xml 2007-05-17 21:50:40 Amendment (A013) offered by Mr. Feeney. (consideration: CR H5447-5448; text: CR H5447) Floor H3A100 2 House floor actions 2007-05-17 21:50:40 House amendment offered/reported by : Amendment (A013) offered by Mr. Feeney.(consideration: CR H5447-5448; text: CR H5447) NotUsed 71500 9 Library of Congress 2007-05-22 13:24:50 House amendment not agreed to: On agreeing to the Feeney amendment (A013) Failed by recorded vote: 174 - 246 (Roll no. 386).(consideration: CR H5561-5562) Floor 73000 9 Library of Congress 386 House 110 2007-05-22T17:24:50Z 1 https://clerk.house.gov/evs/2007/roll386.xml 2007-05-22 13:24:50 Roll call votes on amendments in House Floor 75000 9 Library of Congress 386 House 110 2007-05-22T17:24:50Z 1 https://clerk.house.gov/evs/2007/roll386.xml 2007-05-22 13:24:50 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 386 House 110 2007-05-22T17:24:50Z 1 https://clerk.house.gov/evs/2007/roll386.xml 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 214 110 HAMDT Page 130, strike lines 6 through 11 and insert the following: ***. An amendment numbered 5 printed in the Congressional Record to redistribute affordable housing grants for use in disaster areas that were allotted to Louisiana and Mississippi to include both Alabama and Texas in addition to Louisiana and Mississippi. 2022-02-03T05:38:40Z 2007-05-17 By unanimous consent, the Green, Al amendment was withdrawn. 20:57:32 G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 5 2007-05-17 20:57:32 By unanimous consent, the Green, Al amendment was withdrawn. Floor H32140 2 House floor actions 2007-05-17 20:52:04 Amendment (A012) offered by Mr. Green, Al. (consideration: CR H5442; text: CR H5442) Floor H3A100 2 House floor actions 2007-05-17 20:52:04 House amendment offered/reported by : Amendment (A012) offered by Mr. Green, Al.(consideration: CR H5442; text: CR H5442) NotUsed 71500 9 Library of Congress 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 213 110 HAMDT Amendment sought to require government sponsored enterprises to only hold mortgages and mortgage-backed securities that exclusively support affordable housing. An amendment numbered 17 printed in the Congressional Record to insert new language requiring GSEs to limit their retained portfolios to mortgages and mortgage backed securities that exclusivley support affordable housing, and particularly mortgages extended to households having incomes below the median income for the area in which the property subject to the mortgage is located. 2022-02-03T05:38:40Z 2007-05-17 On agreeing to the Garrett (NJ) amendment (A011) Failed by recorded vote: 92 - 322 (Roll no. 383). 21:45:58 Roll no. 383 https://clerk.house.gov/evs/2007/roll383.xml G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 8 2007-05-17 21:45:58 On agreeing to the Garrett (NJ) amendment (A011) Failed by recorded vote: 92 - 322 (Roll no. 383). Floor H32111 2 House floor actions 383 House 110 2007-05-18T01:45:58Z 1 https://clerk.house.gov/evs/2007/roll383.xml 2007-05-17 20:15:09 Amendment (A011) offered by Mr. Garrett (NJ). (consideration: CR H5437-5442, H5446-5447; text: CR H5437-5438) Floor H3A100 2 House floor actions 2007-05-17 20:15:09 House amendment offered/reported by : Amendment (A011) offered by Mr. Garrett (NJ).(consideration: CR H5437-5442, H5446-5447; text: CR H5437-5438) NotUsed 71500 9 Library of Congress 2007-05-17 21:45:58 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 383 House 110 2007-05-18T01:45:58Z 1 https://clerk.house.gov/evs/2007/roll383.xml 2007-05-17 21:45:58 Roll call votes on amendments in House Floor 75000 9 Library of Congress 383 House 110 2007-05-18T01:45:58Z 1 https://clerk.house.gov/evs/2007/roll383.xml 2007-05-17 21:45:58 House amendment not agreed to: On agreeing to the Garrett (NJ) amendment (A011) Failed by recorded vote: 92 - 322 (Roll no. 383). Floor 73000 9 Library of Congress 383 House 110 2007-05-18T01:45:58Z 1 https://clerk.house.gov/evs/2007/roll383.xml 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 212 110 HAMDT Page 93, after line 9, insert the following new section: ***. An amendment numbered 26 printed in the Congressional Record to add a new section providing for consideration of location and energy efficiency in enterprise underwriting guidelines. 2022-02-03T05:38:40Z 2007-05-17 By unanimous consent, the Blumenauer amendment was withdrawn. 20:14:26 B000574 Rep. Blumenauer, Earl [D-OR-3] EARL BLUMENAUER D OR 3 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 5 2007-05-17 20:14:26 By unanimous consent, the Blumenauer amendment was withdrawn. Floor H32140 2 House floor actions 2007-05-17 20:08:05 Amendment (A010) offered by Mr. Blumenauer. (consideration: CR H5436-5437; text: CR H5436-5437) Floor H3A100 2 House floor actions 2007-05-17 20:08:05 House amendment offered/reported by : Amendment (A010) offered by Mr. Blumenauer.(consideration: CR H5436-5437; text: CR H5436-5437) NotUsed 71500 9 Library of Congress 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 211 110 HAMDT Amendment sought to limit contributions to the affordable housing fund when the government has an actual on-budget deficit and an actual off-budget surplus. An amendment numbered 27 printed in the Congressional Record to add a new paragraph limiting contributions to affordable housing fund when the government has an on-budget and an off-budget surplus. 2022-02-03T05:38:40Z 2007-05-17 On agreeing to the Roskam amendment (A009) Failed by recorded vote: 173 - 245 (Roll no. 382). 21:42:03 Roll no. 382 https://clerk.house.gov/evs/2007/roll382.xml R000580 Rep. Roskam, Peter J. [R-IL-6] Peter Roskam R IL J. 6 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 8 2007-05-17 21:42:03 On agreeing to the Roskam amendment (A009) Failed by recorded vote: 173 - 245 (Roll no. 382). Floor H32111 2 House floor actions 382 House 110 2007-05-18T01:42:03Z 1 https://clerk.house.gov/evs/2007/roll382.xml 2007-05-17 19:33:51 Amendment (A009) offered by Mr. Roskam. (consideration: CR H5432-5436, H5445-5446; text: CR H5432) Floor H3A100 2 House floor actions 2007-05-17 19:33:51 House amendment offered/reported by : Amendment (A009) offered by Mr. Roskam.(consideration: CR H5432-5436, H5445-5446; text: CR H5432) NotUsed 71500 9 Library of Congress 2007-05-17 21:42:03 House amendment not agreed to: On agreeing to the Roskam amendment (A009) Failed by recorded vote: 173 - 245 (Roll no. 382). Floor 73000 9 Library of Congress 382 House 110 2007-05-18T01:42:03Z 1 https://clerk.house.gov/evs/2007/roll382.xml 2007-05-17 21:42:03 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 382 House 110 2007-05-18T01:42:03Z 1 https://clerk.house.gov/evs/2007/roll382.xml 2007-05-17 21:42:03 Roll call votes on amendments in House Floor 75000 9 Library of Congress 382 House 110 2007-05-18T01:42:03Z 1 https://clerk.house.gov/evs/2007/roll382.xml 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 210 110 HAMDT Amendment sought to the restore authority for Presidential appointments to the boards of government sponsored enterprises. An amendment numbered 15 printed in the Congressional Record to clarify the director's authority to determine the appropriate size of the board of directors of the Federal National Mortgage Association between 7 and 15 members. 2022-02-03T05:38:40Z 2007-05-17 On agreeing to the Kanjorski amendment (A008) Failed by recorded vote: 154 - 263 (Roll no. 381). 21:38:15 Roll no. 381 https://clerk.house.gov/evs/2007/roll381.xml K000008 Rep. Kanjorski, Paul E. [D-PA-11] PAUL KANJORSKI D PA E. 11 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 8 2007-05-17 21:38:15 On agreeing to the Kanjorski amendment (A008) Failed by recorded vote: 154 - 263 (Roll no. 381). Floor H32111 2 House floor actions 381 House 110 2007-05-18T01:38:15Z 1 https://clerk.house.gov/evs/2007/roll381.xml 2007-05-17 19:27:06 Amendment (A008) offered by Mr. Kanjorski. (consideration: CR H5431-5432, H5445; text: CR H5431-5432) Floor H3A100 2 House floor actions 2007-05-17 19:27:06 House amendment offered/reported by : Amendment (A008) offered by Mr. Kanjorski.(consideration: CR H5431-5432, H5445; text: CR H5431-5432) NotUsed 71500 9 Library of Congress 2007-05-17 21:38:15 House amendment not agreed to: On agreeing to the Kanjorski amendment (A008) Failed by recorded vote: 154 - 263 (Roll no. 381). Floor 73000 9 Library of Congress 381 House 110 2007-05-18T01:38:15Z 1 https://clerk.house.gov/evs/2007/roll381.xml 2007-05-17 21:38:15 Roll call votes on amendments in House Floor 75000 9 Library of Congress 381 House 110 2007-05-18T01:38:15Z 1 https://clerk.house.gov/evs/2007/roll381.xml 2007-05-17 21:38:15 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 381 House 110 2007-05-18T01:38:15Z 1 https://clerk.house.gov/evs/2007/roll381.xml 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 209 110 HAMDT Amendment sought to provide that, if, as a result of a GAO report, the Director of the Federal Housing Finance Agency determines that the Affordable Housing Fund is increasing mortgage costs for consumers, he may suspend the assessment of Freddie Mac and Fannie Mae. An amendment numbered 14 printed in the Congresssional Record to add a new subsection on determination and suspension of allocations. 2022-02-03T05:38:40Z 2007-05-17 On agreeing to the McHenry amendment (A007) Failed by recorded vote: 176 - 240 (Roll no. 380). 21:34:10 Roll no. 380 https://clerk.house.gov/evs/2007/roll380.xml M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 8 2007-05-17 21:34:10 On agreeing to the McHenry amendment (A007) Failed by recorded vote: 176 - 240 (Roll no. 380). Floor H32111 2 House floor actions 380 House 110 2007-05-18T01:34:10Z 1 https://clerk.house.gov/evs/2007/roll380.xml 2007-05-17 19:08:46 Amendment (A007) offered by Mr. McHenry. (consideration: CR H5429-5430, H5430-5431, H5444-5445; text: CR H5429) Floor H3A100 2 House floor actions 2007-05-17 19:08:46 House amendment offered/reported by : Amendment (A007) offered by Mr. McHenry.(consideration: CR H5429-5430, H5430-5431, H5444-5445; text: CR H5429) NotUsed 71500 9 Library of Congress 2007-05-17 21:34:10 House amendment not agreed to: On agreeing to the McHenry amendment (A007) Failed by recorded vote: 176 - 240 (Roll no. 380). Floor 73000 9 Library of Congress 380 House 110 2007-05-18T01:34:10Z 1 https://clerk.house.gov/evs/2007/roll380.xml 2007-05-17 21:34:10 Roll call votes on amendments in House Floor 75000 9 Library of Congress 380 House 110 2007-05-18T01:34:10Z 1 https://clerk.house.gov/evs/2007/roll380.xml 2007-05-17 21:34:10 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 380 House 110 2007-05-18T01:34:10Z 1 https://clerk.house.gov/evs/2007/roll380.xml 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 208 110 HAMDT Amendments en bloc consist of the text of the amendments, as modified, printed on pages H5427-5428 in the Congressional Record for May 17, 2007. An amendment comprised of the following amendments offered en bloc: Amendments nos. 2, as modified, 3, 6, 7, 11, 20, and 31 printed in the Congressional Record. 2022-02-03T05:38:40Z 2007-05-17 On agreeing to the Frank (MA) amendments (A006) as modified Agreed to by voice vote. (text as modified: CR H5428) 19:08:30 H5428 https://www.congress.gov/congressional-record/volume-153/house-section/page/H5428 F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 8 2007-05-17 19:08:30 On agreeing to the Frank (MA) amendments (A006) as modified Agreed to by voice vote. (text as modified: CR H5428) Floor H32111 2 House floor actions 2007-05-17 19:02:23 Frank (MA) amendment (A006) modified by unanimous consent. Amendment no. 2 modified (consideration: CR H5428) Floor H32160 2 House floor actions 2007-05-17 18:57:10 Amendments (A006) offered by Mr. Frank (MA). (consideration: CR H5427-5429; text: CR H5427-5428) Floor H3A100 2 House floor actions 2007-05-17 18:57:10 House amendment offered/reported by : Amendments (A006) offered by Mr. Frank (MA).(consideration: CR H5427-5429; text: CR H5427-5428) NotUsed 71500 9 Library of Congress 2007-05-17 19:08:30 Amendment agreed to Committee of the Whole NotUsed 76000 9 Library of Congress 2007-05-17 19:08:30 House amendment agreed to: On agreeing to the Frank (MA) amendments (A006) as modified Agreed to by voice vote.(text as modified: CR H5428) Floor 72000 9 Library of Congress 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 207 110 HAMDT Amendment clarifies the authority of regulators over government sponsored enterprises. An amendment numbered 4 printed in the Congressional Record to clarify that potential risks should be posed to the enterprises with respect to the nature of portfolio holdings. 2022-02-03T05:38:40Z 2007-05-22 On agreeing to the Neugebauer amendment (A005) Agreed to by recorded vote: 383 - 36 (Roll no. 394). (consideration: CR H5568-5569) 14:20:53 H5568-5569 https://www.congress.gov/congressional-record/volume-153/house-section/page/H5568-5569 Roll no. 394 https://clerk.house.gov/evs/2007/roll394.xml N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 12 2007-05-22 14:20:53 On agreeing to the Neugebauer amendment (A005) Agreed to by recorded vote: 383 - 36 (Roll no. 394). (consideration: CR H5568-5569) Floor H34510 2 House floor actions 394 House 110 2007-05-22T18:20:53Z 1 https://clerk.house.gov/evs/2007/roll394.xml 2007-05-22 14:02:07 Mr. Westmoreland demanded a separate vote on the Neugebauer amendment (A005). Floor H34300 2 House floor actions 2007-05-17 18:56:56 On agreeing to the Neugebauer amendment (A005) Agreed to by voice vote. Floor H32111 2 House floor actions 2007-05-17 18:29:59 Amendment (A005) offered by Mr. Neugebauer. (consideration: CR H5424-5427; text: CR H5424) Floor H3A100 2 House floor actions 2007-05-17 18:29:59 House amendment offered/reported by : Amendment (A005) offered by Mr. Neugebauer.(consideration: CR H5424-5427; text: CR H5424) NotUsed 71500 9 Library of Congress 2007-05-22 14:20:53 Amendment agreed to by House: On agreeing to the Neugebauer amendment (A005) Agreed to by recorded vote: 383 - 36 (Roll no. 394).(consideration: CR H5568-5569) NotUsed 79000 9 Library of Congress 394 House 110 2007-05-22T18:20:53Z 1 https://clerk.house.gov/evs/2007/roll394.xml 2007-05-22 14:20:53 House amendment agreed to: On agreeing to the Neugebauer amendment (A005) Agreed to by recorded vote: 383 - 36 (Roll no. 394).(consideration: CR H5568-5569) Floor 72000 9 Library of Congress 394 House 110 2007-05-22T18:20:53Z 1 https://clerk.house.gov/evs/2007/roll394.xml 2007-05-22 14:20:53 Roll call votes on amendments in House Floor 75000 9 Library of Congress 394 House 110 2007-05-22T18:20:53Z 1 https://clerk.house.gov/evs/2007/roll394.xml 2007-05-17 18:56:56 House amendment agreed to: On agreeing to the Neugebauer amendment (A005) Agreed to by voice vote. Floor 72000 9 Library of Congress 2007-05-17 18:56:56 Amendment agreed to Committee of the Whole NotUsed 76000 9 Library of Congress 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 206 110 HAMDT Amendment permits States to seek a waiver of the in-person pre-purchase housing counseling requirement if the person obtaining that mortgage lives in a remote area of the country. An amendment numbered 21 printed in the Congressional Record to permit the director, at the request of a State, to waive the requirement that homebuyers attend in-person financial management counseling before receiving affordable housing grants, and allows the homebuyers to receive the counseling through alternate forms such as online, or over the phone. 2022-02-03T05:38:40Z 2007-05-17 On agreeing to the Hinojosa amendment (A004) Agreed to by voice vote. 18:28:13 H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 7 2007-05-17 18:28:13 On agreeing to the Hinojosa amendment (A004) Agreed to by voice vote. Floor H32111 2 House floor actions 2007-05-17 18:26:32 Amendment (A004) offered by Mr. Hinojosa. (consideration: CR H5424; text: CR H5424) Floor H3A100 2 House floor actions 2007-05-17 18:26:32 House amendment offered/reported by : Amendment (A004) offered by Mr. Hinojosa.(consideration: CR H5424; text: CR H5424) NotUsed 71500 9 Library of Congress 2007-05-17 18:28:13 Amendment agreed to Committee of the Whole NotUsed 76000 9 Library of Congress 2007-05-17 18:28:13 House amendment agreed to: On agreeing to the Hinojosa amendment (A004) Agreed to by voice vote. Floor 72000 9 Library of Congress 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 205 110 HAMDT Amendment sought to modify the provisions in the bill which allow for the suspension of contributions to the affordable housing fund. An amendment numbered 29 printed in the Congressional Record to provide that the director shall temporarily suspend allocations if it is determined that allocations are contributing to an increase in the cost or mortgages to homebuyers. 2022-02-03T05:38:40Z 2007-05-17 On agreeing to the Hensarling amendment (A003) Failed by recorded vote: 164 - 253 (Roll no. 379). 21:29:38 Roll no. 379 https://clerk.house.gov/evs/2007/roll379.xml H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 8 2007-05-17 21:29:38 On agreeing to the Hensarling amendment (A003) Failed by recorded vote: 164 - 253 (Roll no. 379). Floor H32111 2 House floor actions 379 House 110 2007-05-18T01:29:38Z 1 https://clerk.house.gov/evs/2007/roll379.xml 2007-05-17 18:09:58 Amendment (A003) offered by Mr. Hensarling. (consideration: CR H5422-5424, H5443-5444; text: CR H5422) Floor H3A100 2 House floor actions 2007-05-17 18:09:58 House amendment offered/reported by : Amendment (A003) offered by Mr. Hensarling.(consideration: CR H5422-5424, H5443-5444; text: CR H5422) NotUsed 71500 9 Library of Congress 2007-05-17 21:29:38 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 379 House 110 2007-05-18T01:29:38Z 1 https://clerk.house.gov/evs/2007/roll379.xml 2007-05-17 21:29:38 Roll call votes on amendments in House Floor 75000 9 Library of Congress 379 House 110 2007-05-18T01:29:38Z 1 https://clerk.house.gov/evs/2007/roll379.xml 2007-05-17 21:29:38 House amendment not agreed to: On agreeing to the Hensarling amendment (A003) Failed by recorded vote: 164 - 253 (Roll no. 379). Floor 73000 9 Library of Congress 379 House 110 2007-05-18T01:29:38Z 1 https://clerk.house.gov/evs/2007/roll379.xml 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 204 110 HAMDT Amendment clarifies the process used by the advisory committee to recommend candidates to serve as independent directors on the boards of each of the Federal Home Loan Banks. An amendment numbered 22(1) printed in the Congressional Record to clarify recommendations on criteria for the Federal Housing Enterprise Board when appointing individuals as directors. 2022-02-03T05:38:40Z 2007-05-17 On agreeing to the Kanjorski amendment (A002) Agreed to by voice vote. 18:07:30 K000008 Rep. Kanjorski, Paul E. [D-PA-11] PAUL KANJORSKI D PA E. 11 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 7 2007-05-17 18:07:30 On agreeing to the Kanjorski amendment (A002) Agreed to by voice vote. Floor H32111 2 House floor actions 2007-05-17 18:02:45 Amendment (A002) offered by Mr. Kanjorski. (consideration: CR H5421-5422; text: CR H5421) Floor H3A100 2 House floor actions 2007-05-17 18:02:45 House amendment offered/reported by : Amendment (A002) offered by Mr. Kanjorski.(consideration: CR H5421-5422; text: CR H5421) NotUsed 71500 9 Library of Congress 2007-05-17 18:07:30 Amendment agreed to Committee of the Whole NotUsed 76000 9 Library of Congress 2007-05-17 18:07:30 House amendment agreed to: On agreeing to the Kanjorski amendment (A002) Agreed to by voice vote. Floor 72000 9 Library of Congress 2007-05-17 House amendment offered Floor 71000 9 Library of Congress 203 110 HAMDT Amendment sought to strike section 139 which establishes an affordable housing fund. An amendment numbered 12 printed in the Congressional Record to strike section 139 pertaining to affordable housing fund. 2022-02-03T05:38:40Z 2007-05-17 On agreeing to the Bachus amendment (A001) Failed by recorded vote: 148 - 269 (Roll no. 378). 21:25:01 Roll no. 378 https://clerk.house.gov/evs/2007/roll378.xml B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2007-05-17T04:00:00Z House of Representatives 110 HR House H 1427 Federal Housing Finance Reform Act of 2007 2023-01-11T19:54:35Z 8 2007-05-17 21:25:01 On agreeing to the Bachus amendment (A001) Failed by recorded vote: 148 - 269 (Roll no. 378). Floor H32111 2 House floor actions 378 House 110 2007-05-18T01:25:01Z 1 https://clerk.house.gov/evs/2007/roll378.xml 2007-05-17 17:18:28 Amendment (A001) offered by Mr. Bachus. (consideration: CR H5417-5421, H5443; text: CR H5417) Floor H3A100 2 House floor actions 2007-05-17 17:18:28 House amendment offered/reported by : Amendment (A001) offered by Mr. Bachus.(consideration: CR H5417-5421, H5443; text: CR H5417) NotUsed 71500 9 Library of Congress 2007-05-17 21:25:01 Amendment failed in Committee of the Whole NotUsed 77000 9 Library of Congress 378 House 110 2007-05-18T01:25:01Z 1 https://clerk.house.gov/evs/2007/roll378.xml 2007-05-17 21:25:01 Roll call votes on amendments in House Floor 75000 9 Library of Congress 378 House 110 2007-05-18T01:25:01Z 1 https://clerk.house.gov/evs/2007/roll378.xml 2007-05-17 21:25:01 House amendment not agreed to: On agreeing to the Bachus amendment (A001) Failed by recorded vote: 148 - 269 (Roll no. 378). Floor 73000 9 Library of Congress 378 House 110 2007-05-18T01:25:01Z 1 https://clerk.house.gov/evs/2007/roll378.xml 2007-05-17 House amendment offered Floor 71000 9 Library of Congress Referred in Senate 2007-05-24T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1427rfs/xml/BILLS-110hr1427rfs.xml Engrossed in House 2007-05-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1427eh/xml/BILLS-110hr1427eh.xml Reported in House 2007-05-09T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1427rh/xml/BILLS-110hr1427rh.xml Introduced in House 2007-03-09T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr1427ih/xml/BILLS-110hr1427ih.xml 2007-05-24 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. 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.