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  <version>3.0.0</version>
  <bill>
    <number>1223</number>
    <updateDate>2022-03-01T06:43:08Z</updateDate>
    <updateDateIncludingText>2022-03-01T06:43:08Z</updateDateIncludingText>
    <originChamber>House</originChamber>
    <originChamberCode>H</originChamberCode>
    <type>HR</type>
    <introducedDate>2011-03-29</introducedDate>
    <congress>112</congress>
    <constitutionalAuthorityStatementText><![CDATA[<pre>From the Congressional Record Online through the Government Publishing Office [<a href='http://www.gpo.gov'>www.gpo.gov</a>]By Mr. GARRETT:H.R. 1223.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clauses 3 (``To regulate Commercewith foreign Nations, and among the several States, and withthe Indian Tribes''), and 18 (``To make all Laws which shallbe necessary and proper for carrying into Execution theforegoing Powers, and all other Powers vested by thisConstitution in the Government of the United States, or inany Department or Officer thereof'').[Page H2038]</pre>]]></constitutionalAuthorityStatementText>
    <committees>
      <item>
        <systemCode>hsba00</systemCode>
        <name>Financial Services Committee</name>
        <chamber>House</chamber>
        <type>Standing</type>
        <subcommittees>
          <item>
            <systemCode>hsba16</systemCode>
            <name>Capital Markets Subcommittee</name>
            <activities>
              <item>
                <name>Reported by</name>
                <date>2011-04-06T13:35:09Z</date>
              </item>
              <item>
                <name>Markup by</name>
                <date>2011-04-06T13:34:14Z</date>
              </item>
              <item>
                <name>Referred to</name>
                <date>2011-04-04T21:06:02Z</date>
              </item>
              <item>
                <name>Hearings by</name>
                <date>2011-03-31T20:29:41Z</date>
              </item>
            </activities>
          </item>
        </subcommittees>
        <activities>
          <item>
            <name>Referred to</name>
            <date>2011-03-29T18:03:40Z</date>
          </item>
        </activities>
      </item>
    </committees>
    <actions>
      <item>
        <actionDate>2011-04-06</actionDate>
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          <item>
            <systemCode>hsba16</systemCode>
            <name>Capital Markets Subcommittee</name>
          </item>
        </committees>
        <sourceSystem>
          <code>1</code>
          <name>House committee actions</name>
        </sourceSystem>
        <text>Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 34 - 0 .</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2011-04-06</actionDate>
        <committees>
          <item>
            <systemCode>hsba16</systemCode>
            <name>Capital Markets Subcommittee</name>
          </item>
        </committees>
        <sourceSystem>
          <code>1</code>
          <name>House committee actions</name>
        </sourceSystem>
        <text>Subcommittee Consideration and Mark-up Session Held.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2011-04-05</actionDate>
        <committees>
          <item>
            <systemCode>hsba16</systemCode>
            <name>Capital Markets Subcommittee</name>
          </item>
        </committees>
        <sourceSystem>
          <code>1</code>
          <name>House committee actions</name>
        </sourceSystem>
        <text>Subcommittee Consideration and Mark-up Session Held.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2011-04-04</actionDate>
        <committees>
          <item>
            <systemCode>hsba16</systemCode>
            <name>Capital Markets Subcommittee</name>
          </item>
        </committees>
        <sourceSystem>
          <code>1</code>
          <name>House committee actions</name>
        </sourceSystem>
        <text>Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2011-03-31</actionDate>
        <committees>
          <item>
            <systemCode>hsba16</systemCode>
            <name>Capital Markets Subcommittee</name>
          </item>
        </committees>
        <sourceSystem>
          <code>1</code>
          <name>House committee actions</name>
        </sourceSystem>
        <text>Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.</text>
        <type>Committee</type>
      </item>
      <item>
        <actionDate>2011-03-29</actionDate>
        <text>Referred to the House Committee on Financial Services.</text>
        <type>IntroReferral</type>
        <actionCode>H11100</actionCode>
        <sourceSystem>
          <code>2</code>
          <name>House floor actions</name>
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            <systemCode>hsba00</systemCode>
            <name>Financial Services Committee</name>
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      <item>
        <actionDate>2011-03-29</actionDate>
        <text>Introduced in House</text>
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          <name>Library of Congress</name>
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      <item>
        <actionDate>2011-03-29</actionDate>
        <text>Introduced in House</text>
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        <actionCode>1000</actionCode>
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          <code>9</code>
          <name>Library of Congress</name>
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    </actions>
    <sponsors>
      <item>
        <bioguideId>G000548</bioguideId>
        <fullName>Rep. Garrett, Scott [R-NJ-5]</fullName>
        <firstName>Scott</firstName>
        <lastName>Garrett</lastName>
        <party>R</party>
        <state>NJ</state>
        <district>5</district>
        <isByRequest>N</isByRequest>
      </item>
    </sponsors>
    <cosponsors>
      <item>
        <bioguideId>B000013</bioguideId>
        <fullName>Rep. Bachus, Spencer [R-AL-6]</fullName>
        <firstName>SPENCER</firstName>
        <lastName>BACHUS</lastName>
        <party>R</party>
        <state>AL</state>
        <district>6</district>
        <sponsorshipDate>2011-03-29</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>H001036</bioguideId>
        <fullName>Rep. Hensarling, Jeb [R-TX-5]</fullName>
        <firstName>Jeb</firstName>
        <lastName>Hensarling</lastName>
        <party>R</party>
        <state>TX</state>
        <district>5</district>
        <sponsorshipDate>2011-03-29</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>P000588</bioguideId>
        <fullName>Rep. Pearce, Stevan [R-NM-2]</fullName>
        <firstName>Stevan</firstName>
        <lastName>Pearce</lastName>
        <party>R</party>
        <state>NM</state>
        <district>2</district>
        <sponsorshipDate>2011-03-29</sponsorshipDate>
        <isOriginalCosponsor>True</isOriginalCosponsor>
      </item>
    </cosponsors>
    <policyArea>
      <name>Finance and Financial Sector</name>
    </policyArea>
    <subjects>
      <legislativeSubjects>
        <item>
          <name>Banking and financial institutions regulation</name>
        </item>
        <item>
          <name>Department of Housing and Urban Development</name>
        </item>
        <item>
          <name>Department of the Treasury</name>
        </item>
        <item>
          <name>Federal Deposit Insurance Corporation (FDIC)</name>
        </item>
        <item>
          <name>Federal Housing Finance Agency</name>
        </item>
        <item>
          <name>Federal Reserve System</name>
        </item>
        <item>
          <name>Financial services and investments</name>
        </item>
        <item>
          <name>Government corporations and government-sponsored enterprises</name>
        </item>
        <item>
          <name>Housing finance and home ownership</name>
        </item>
        <item>
          <name>Securities</name>
        </item>
        <item>
          <name>Securities and Exchange Commission (SEC)</name>
        </item>
      </legislativeSubjects>
      <policyArea>
        <name>Finance and Financial Sector</name>
      </policyArea>
    </subjects>
    <summaries>
      <summary>
        <versionCode>00</versionCode>
        <actionDate>2011-03-29</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2011-05-16T15:42:47Z</updateDate>
        <text><![CDATA[ <p>GSE Credit Risk Equitable Treatment Act of 2011 - Amends the Securities Exchange Act of 1934 to require that credit risk retention regulations ensure that there is no difference in the treatment of asset-backed securities securitized by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporatioin (Freddie Mac) (government-sponsored enterprises or GSEs), solely because of securitization by the GSE, from the treament of other asset-backed securities securitized by any other entity.</p>]]></text>
      </summary>
    </summaries>
    <title>GSE Credit Risk Equitable Treatment Act of 2011</title>
    <titles>
      <item>
        <titleType>Short Titles as Introduced</titleType>
        <title>GSE Credit Risk Equitable Treatment Act of 2011</title>
      </item>
      <item>
        <titleType>Display Title</titleType>
        <title>GSE Credit Risk Equitable Treatment Act of 2011</title>
      </item>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Securities Exchange Act of 1934 to ensure mortgages held or securitized by Fannie Mae and Freddie Mac and asset-backed securities issued by such enterprises are treated similarly as other mortgages and asset-backed securities for purposes of the credit risk retention requirements under such Act.</title>
      </item>
    </titles>
    <textVersions>
      <item>
        <type>Introduced in House</type>
        <date>2011-03-29T04:00:00Z</date>
        <formats>
          <item>
            <url>https://www.govinfo.gov/content/pkg/BILLS-112hr1223ih/xml/BILLS-112hr1223ih.xml</url>
          </item>
        </formats>
      </item>
    </textVersions>
    <latestAction>
      <actionDate>2011-04-06</actionDate>
      <text>Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 34 - 0 .</text>
    </latestAction>
  </bill>
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    <dc:language>EN</dc:language>
    <dc:rights>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.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>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.</dc:description>
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