3.0.0 7223 2023-01-11T13:15:51Z 2023-01-11T13:15:51Z House H HR 2008-09-29 110 hsru00 Rules Committee House Standing Referred to 2008-09-29T12:01:20Z hsed00 Education and the Workforce Committee House Standing Referred to 2008-09-29T12:01:15Z hsbu00 Budget Committee House Standing Referred to 2008-09-29T12:01:10Z hswm00 Ways and Means Committee House Standing Referred to 2008-09-29T12:01:05Z hsba00 Financial Services Committee House Standing Referred to 2008-09-29T12:01:00Z 2008-09-29 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Budget, Education and Labor, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsru00 Rules Committee 2008-09-29 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Budget, Education and Labor, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsed00 Education and the Workforce Committee 2008-09-29 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Budget, Education and Labor, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsbu00 Budget Committee 2008-09-29 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Budget, Education and Labor, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hswm00 Ways and Means Committee 2008-09-29 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Budget, Education and Labor, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100-A 9 Library of Congress 2008-09-29 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Budget, Education and Labor, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2008-09-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2008-09-29 Introduced in House IntroReferral 1000 9 Library of Congress H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 N P000588 Rep. Pearce, Stevan [R-NM-2] Stevan Pearce R NM 2 2008-09-29 True B001243 Rep. Blackburn, Marsha [R-TN-7] Marsha Blackburn R TN 7 2008-09-29 True G000552 Rep. Gohmert, Louie [R-TX-1] Louie Gohmert R TX 1 2008-09-29 True B000755 Rep. Brady, Kevin [R-TX-8] KEVIN BRADY R TX 8 2008-09-29 True D000429 Rep. Doolittle, John T. [R-CA-4] JOHN DOOLITTLE R CA T. 4 2008-09-29 True G000550 Rep. Gingrey, Phil [R-GA-11] Phil Gingrey R GA 11 2008-09-29 True J000289 Rep. Jordan, Jim [R-OH-4] Jim Jordan R OH 4 2008-09-29 True B001256 Rep. Bachmann, Michele [R-MN-6] Michele Bachmann R MN 6 2008-09-29 True W000796 Rep. Westmoreland, Lynn A. [R-GA-3] Lynn Westmoreland R GA A. 3 2008-09-29 True M001157 Rep. McCaul, Michael T. [R-TX-10] Michael McCaul R TX T. 10 2008-09-29 True S001164 Rep. Schmidt, Jean [R-OH-2] Jean Schmidt R OH 2 2008-09-29 True S000250 Rep. Sessions, Pete [R-TX-32] PETE SESSIONS R TX 32 2008-09-29 True C001062 Rep. Conaway, K. Michael [R-TX-11] K. Conaway R TX Michael 11 2008-09-29 True G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2008-09-29 True F000448 Rep. Franks, Trent [R-AZ-2] Trent Franks R AZ 2 2008-09-29 True B001149 Rep. Burton, Dan [R-IN-5] DAN BURTON R IN 5 2008-09-29 True F000444 Rep. Flake, Jeff [R-AZ-6] JEFF FLAKE R AZ 6 2008-09-29 True A000055 Rep. Aderholt, Robert B. [R-AL-4] ROBERT ADERHOLT R AL B. 4 2008-09-29 True P000591 Rep. Price, Tom [R-GA-6] Tom Price R GA 6 2008-09-29 True L000564 Rep. Lamborn, Doug [R-CO-5] Doug Lamborn R CO 5 2008-09-29 True B001250 Rep. Bishop, Rob [R-UT-1] Rob Bishop R UT 1 2008-09-29 True D000606 Rep. Davis, David [R-TN-1] David Davis R TN 1 2008-09-29 True B001262 Rep. Broun, Paul C. [R-GA-10] Paul Broun R GA C. 10 2008-09-29 True C001048 Rep. Culberson, John Abney [R-TX-7] JOHN CULBERSON R TX ABNEY 7 2008-09-29 True D000168 Rep. Deal, Nathan [R-GA-9] NATHAN DEAL R GA 9 2008-09-29 True M001134 Rep. Myrick, Sue Wilkins [R-NC-9] SUE MYRICK R NC WILKINS 9 2008-09-29 True K000364 Rep. Kuhl, John R. "Randy", Jr. [R-NY-29] John Kuhl R NY R. "Randy" 29 2008-09-29 True F000450 Rep. Foxx, Virginia [R-NC-5] Virginia Foxx R NC 5 2008-09-29 True M001147 Rep. McCotter, Thaddeus G. [R-MI-11] Thaddeus McCotter R MI G. 11 2008-09-29 True M001138 Rep. Manzullo, Donald A. [R-IL-16] DONALD MANZULLO R IL 16 2008-09-29 True M001158 Rep. Marchant, Kenny [R-TX-24] Kenny Marchant R TX 24 2008-09-29 True C001051 Rep. Carter, John R. [R-TX-31] John Carter R TX R. 31 2008-09-29 True B001239 Rep. Barrett, J. Gresham [R-SC-3] J. Barrett R SC Gresham 3 2008-09-29 True P000373 Rep. Pitts, Joseph R. [R-PA-16] JOSEPH PITTS R PA R. 16 2008-09-29 True T000238 Rep. Thornberry, Mac [R-TX-13] WILLIAM THORNBERRY R TX M. 13 2008-09-29 True W000795 Rep. Wilson, Joe [R-SC-2] Joe Wilson R SC 2 2008-09-29 True B000208 Rep. Bartlett, Roscoe G. [R-MD-6] ROSCOE BARTLETT R MD G. 6 2008-09-29 True R000004 Rep. Radanovich, George [R-CA-19] GEORGE RADANOVICH R CA P. 19 2008-09-29 True P000587 Rep. Pence, Mike [R-IN-6] MIKE PENCE R IN 6 2008-09-29 True F000447 Rep. Feeney, Tom [R-FL-24] Tom Feeney R FL 24 2008-09-29 True K000220 Rep. Kingston, Jack [R-GA-1] JACK KINGSTON R GA 1 2008-09-29 True S001155 Rep. Sullivan, John [R-OK-1] John Sullivan R OK 1 2008-09-29 True M001152 Rep. Musgrave, Marilyn N. [R-CO-4] Marilyn Musgrave R CO N. 4 2008-09-29 True M001156 Rep. McHenry, Patrick T. [R-NC-10] Patrick McHenry R NC 10 2008-09-29 True A000358 Rep. Akin, W. Todd [R-MO-2] W. AKIN R MO TODD 2 2008-09-29 True J000174 Rep. Johnson, Sam [R-TX-3] SAM JOHNSON R TX 3 2008-09-29 True L000321 Rep. Linder, John [R-GA-7] JOHN LINDER R GA 7 2008-09-29 True R000571 Rep. Rehberg, Dennis R. [R-MT-At Large] DENNIS REHBERG R MT R. 0 2008-09-29 True G000289 Rep. Goodlatte, Bob [R-VA-6] ROBERT GOODLATTE R VA W. 6 2008-09-29 True S001176 Rep. Scalise, Steve [R-LA-1] Steve Scalise R LA 1 2008-09-29 True B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2008-10-02 False W000804 Rep. Wittman, Robert J. [R-VA-1] Robert Wittman R VA J. 1 2008-10-02 False Finance and Financial Sector Accounting and auditing Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Bankruptcy Business investment and capital Business records Capital gains tax Congressional oversight Corporate finance and management Federally chartered organizations Financial crises and stabilization Financial services and investments Foreign and international corporations Government corporations and government-sponsored enterprises Government information and archives Government lending and loan guarantees Government studies and investigations Government trust funds Housing finance and home ownership Income tax deductions Income tax rates Interest, dividends, interest rates Monetary policy Securities Securities and Exchange Commission (SEC) State and local taxation Tax administration and collection, taxpayers Taxation of foreign income Wages and earnings Finance and Financial Sector 00 2008-09-29 Introduced in House 2009-01-12T22:07:08Z Free Market Protection Act of 2008 - Government-Sponsored Enterprises Free Market Reform Act of 2008 - Directs the Director of the Federal Housing Finance Agency (FHFA) to: (1) determine the financial viability of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs); (2) terminate the conservatorship of a GSE that is financially viable; or (3) appoint the FHFA as receiver for a GSE that is not financially viable.

Amends the Housing and Community Development Act of 1992 to limit the mortgage assets held by a GSE upon its emergence from conservatorship, including an increase in its minimum capital requirements.

Amends the Economic Stimulus Act of 2008 to repeal the temporary increase in conforming loan limits applicable to the GSEs.

Prohibits the GSEs from purchasing mortgages that exceed the median area home price.

Requires the GSEs to pay state and local taxes.

Directs the Comptroller General to study and report to Congress on recoupment of costs for the federal guarantee regarding the GSEs.

Requires the wind down of operations and dissolution of a GSE whose charter has not been renewed.

Price Stability Act of 2008 - Amends the Federal Reserve Act to direct the Board of Governors of the Federal Reserve System and the Federal Open Market Committee to: (1) establish an explicit numerical definition of "price stability"; and (2) maintain a monetary policy that promotes long-term price stability.

Repeals the Full Employment and Balanced Growth Act of 1978 (Humphrey-Hawkins Act).

Amends the Employment Act of 1946 and the Congressional Budget Act of 1974 to reflect the changes made by this Act.

Amends the Internal Revenue Code to: (1) prescribe a temporary zero percent capital gains rate for individuals and corporations; (2) substitute an indexed basis for the adjusted basis of certain assets in order to determine gain or loss upon disposition; (3) provide a five-year carryback of certain losses for taxable years ending during 2007, 20008, and 2009; and (4) modify the deduction for dividends received from controlled foreign corporations.

Directs the Securities and Exchange Commission to suspend the application of fair value reporting standards to troubled assets held by financial institutions.

Directs the General Accountability Office to analyze and report to certain congressional committees on the effect of fair value accounting standards upon financial institutions.

Makes the Secretary of the Treasury responsible to determine the terms of a program to insure payment of up to 100% of principal and interest on each mortgage-backed security held by a financial institution on or before September 24, 2008.

Establishes a Mortgage-Backed Securities Fund.

Treats gain or loss from the sale or exchange of preferred GSE stock by specified financial institutions as ordinary income or loss.

Requires an officer of an institution to pay to the Department of the Treasury any funds received as incentive-based or equity-based compensation during a specified period before the year in which the institution is subject to government intervention.

]]> Free Market Protection Act of 2008 Display Title Free Market Protection Act of 2008 Official Title as Introduced To suspend the capital gains tax, schedule the government-sponsored enterprises for privatization, repeal the Humphrey-Hawkins Full Employment Act, and suspend mark-to-market accounting requirements, and for other purposes. Introduced in House IH Short Titles as Introduced Free Market Protection Act of 2008 Short Titles as Introduced for portions of this bill Price Stability Act of 2008 Short Titles as Introduced for portions of this bill Government-Sponsored Enterprises Free Market Reform Act of 2008 Introduced in House 2008-09-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-110hr7223ih/xml/BILLS-110hr7223ih.xml 2008-09-29 Referred to the Committee on Financial Services, and in addition to the Committees on Ways and Means, the Budget, Education and Labor, and Rules, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned. 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.