3.0.0 1222 2022-03-01T06:43:08Z 2022-03-01T06:43:08Z House H HR 2011-03-29 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. NEUGEBAUER:H.R. 1222.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clauses 18: ``The Congress shall havePower to make all Laws which shall be necessary and properfor carrying into Execution the foregoing Powers, and allother Powers vested by this Constitution in the Government ofthe United States, or in any Department or Officer thereof.''[Page H2038]]]> hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Reported by 2011-04-06T13:30:40Z Markup by 2011-04-06T13:30:17Z Referred to 2011-04-04T21:05:37Z Hearings by 2011-03-31T20:28:42Z Referred to 2011-03-29T18:03:20Z 2011-04-06 hsba16 Capital Markets Subcommittee 1 House committee actions Forwarded by Subcommittee to Full Committee by the Yeas and Nays: 25 - 9 . Committee 2011-04-06 hsba16 Capital Markets Subcommittee 1 House committee actions Subcommittee Consideration and Mark-up Session Held. Committee 2011-04-05 hsba16 Capital Markets Subcommittee 1 House committee actions Subcommittee Consideration and Mark-up Session Held. Committee 2011-04-04 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Committee 2011-03-31 hsba16 Capital Markets Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral. Committee 2011-03-29 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-03-29 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-03-29 Introduced in House IntroReferral 1000 9 Library of Congress N000182 Rep. Neugebauer, Randy [R-TX-19] Randy Neugebauer R TX 19 N B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2011-03-29 True G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2011-03-29 True P000588 Rep. Pearce, Stevan [R-NM-2] Stevan Pearce R NM 2 2011-03-29 True H001036 Rep. Hensarling, Jeb [R-TX-5] Jeb Hensarling R TX 5 2011-03-29 True C001047 Rep. Capito, Shelley Moore [R-WV-2] Shelley Capito R WV Moore 2 2011-04-05 False C001082 Rep. Canseco, Francisco "Quico" [R-TX-23] Francisco Canseco R TX Quico 23 2011-06-02 False Housing and Community Development Government corporations and government-sponsored enterprises Housing finance and home ownership User charges and fees Housing and Community Development 00 2011-03-29 Introduced in House 2011-05-16T15:02:30Z GSE Subsidy Elimination Act of 2011 - Amends the Housing and Community Development Act of 1992 to require the Director of the Federal Housing Finance Agency to require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs) to charge a guarantee fee in connection with any guarantee of the timely payment of principal and interest on securities, notes, and other obligations based on or backed by mortgages on residential real properties designed principally for occupancy of from one to four families. Requires the fee to be set at an amount that appropriately reflects risk of loss as well as the cost of capital allocated to similar assets held by other fully private regulated financial institutions.

Directs the Director to require each GSE to increase its guarantee fee gradually over two years in a manner sufficient to comply with this Act.

]]> GSE Subsidy Elimination Act of 2011 Short Titles as Introduced GSE Subsidy Elimination Act of 2011 Display Title GSE Subsidy Elimination Act of 2011 Official Title as Introduced To increase the guarantee fees charged by Fannie Mae and Freddie Mac with respect to mortgage-backed securities guaranteed by such enterprises. Introduced in House 2011-03-29T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr1222ih/xml/BILLS-112hr1222ih.xml 2011-04-06 Forwarded by Subcommittee to Full Committee by the Yeas and Nays: 25 - 9 . 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.