3.0.0 2441 2023-01-11T13:22:48Z 2023-01-11T13:22:48Z House H HR 2011-07-07 112 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. ROYCE:H.R. 2441.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8, Clauses 1 (``The Congress shall havePower to lay and collect Taxes, Duties, Imposts and Excises,to pay the Debts and provide for the common Defense andgeneral Welfare of the United States; but all Duties, Impostsand Excises shall be uniform throughout the United States''),3 (``To regulate Commerce with foreign Nations, and among theseveral States, and with the Indian Tribes''), and 18 (``Tomake all Laws which shall be necessary and power for carryinginto Execution the foregoing Powers, and all other Powersvested by this Constitution in the Government of the UnitedStates, or in any Department or Officer thereof'').[Page H4749]]]> hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Reported by 2011-07-12T13:08:50Z Markup by 2011-07-12T13:08:16Z Referred to 2011-07-11T13:18:16Z Hearings by 2011-05-25T20:34:35Z hsba04 Housing and Insurance Subcommittee Referred to 2011-07-11T13:18:23Z Referred to 2011-07-07T14:01:10Z 2011-07-12 hsba16 Capital Markets Subcommittee 1 House committee actions Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 18 - 14 . Committee 2011-07-12 hsba16 Capital Markets Subcommittee 1 House committee actions Subcommittee Consideration and Mark-up Session Held. Committee 2011-07-11 hsba04 Housing and Insurance Subcommittee 1 House committee actions Referred to the Subcommittee on Insurance, Housing and Community Opportunity. Committee 2011-07-11 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Committee 2011-07-07 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-07-07 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-07-07 Introduced in House IntroReferral 1000 9 Library of Congress 2011-05-25 hsba16 Capital Markets Subcommittee 1 House committee actions Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral. Committee R000487 Rep. Royce, Edward R. [R-CA-40] ED ROYCE R CA 40 N B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2011-07-07 True G000548 Rep. Garrett, Scott [R-NJ-5] Scott Garrett R NJ 5 2011-07-07 True Housing and Community Development Budget deficits and national debt Government corporations and government-sponsored enterprises Government trust funds Housing and Community Development 00 2011-07-07 Introduced in House 2011-07-13T19:35:15Z Housing Trust Fund Elimination Act of 2011 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to abolish the HOPE Reserve Fund, Housing Trust Fund, and Capital Magnet Fund and make available any amounts in such funds to the Secretary of the Treasury for use in reducing the federal budget deficit.

Repeals requirements that the Federal Loan Mortgage Corporation (Freddie Mac) and the Federal National Mortgage Association (Fannie Mae) make allocations for the Housing Trust Fund and the Capital Magnet Fund.

]]> Housing Trust Fund Elimination Act of 2011 Display Title Housing Trust Fund Elimination Act of 2011 Official Title as Introduced To terminate the Housing Trust Fund and the requirement that Fannie Mae and Freddie Mac make annual allocations for such Fund. Introduced in House IH Short Titles as Introduced Housing Trust Fund Elimination Act of 2011 Introduced in House 2011-07-07T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2441ih/xml/BILLS-112hr2441ih.xml 2011-07-12 Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 18 - 14 . 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.