3.0.0 6990 2019-11-15T20:56:31Z 2019-11-15T20:56:31Z House H HR 2008-09-22 110 hsba00 Financial Services Committee House Standing Referred to 2008-09-22T14:32:05Z 2008-09-24 Sponsor introductory remarks on measure. (CR H9411) IntroReferral B00100 9 Library of Congress 2008-09-22 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-09-22 Sponsor introductory remarks on measure. (CR H8547-8550) IntroReferral B00100 9 Library of Congress 2008-09-22 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-09-22 Introduced in House IntroReferral 1000 9 Library of Congress K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 N Housing and Community Development Accounting and auditing Advisory bodies Bankruptcy Corporate finance and management Government corporations and government-sponsored enterprises Government studies and investigations Housing finance and home ownership Securities Wages and earnings Housing and Community Development 00 2008-09-22 Introduced in House 2008-12-11T16:13:40Z Independent Fannie Mae and Freddie Mac Investigative Commission Act - Establishes the Independent Fannie Mae and Freddie Mac Investigative Commission to investigate and issue a final report on the period following the savings and loan crisis of the 1980s to the present.

Requires the Commission to investigate: (1) the policies, practices, and board decisions of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) from the 1990s through the present that led to their financial instability and subsequent federal conservatorship; (2) Fannie Mae and Freddie Mac's involvement, if any, in the creation and proliferation of the securitized mortgage instrument, and how such instrument affected their solvency; (3) the role of their boards of directors in developing their accounting and financial risk policies; (4) the actions of each board member or members, executive officer or officers, or the board member or members and executive officer or officers responsible for making the financial decisions to grow the enterprises' portfolios of subprime mortgage loans; and (5) the board member or members, executive officer or officers, or the board member or members and executive officer or officers responsible for making the decisions that may have encouraged the proliferation of the subprime mortgage industry.

]]> Independent Fannie Mae and Freddie Mac Investigative Commission Act Short Titles as Introduced Independent Fannie Mae and Freddie Mac Investigative Commission Act Display Title Independent Fannie Mae and Freddie Mac Investigative Commission Act Official Title as Introduced To establish the independent Fannie Mae and Freddie Mac Investigative Commission to investigate the actions of officers and directors at Fannie Mae and Freddie Mac responsible for making the decisions that led to the enterprises' financial instability and the subsequent Federal conservatorship of such enterprises, and any financial gain that accrued to such officers and directors. Introduced in House 2008-09-22T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr6990ih/xml/BILLS-110hr6990ih.xml 2008-09-24 Sponsor introductory remarks on measure. (CR H9411) 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.