3.0.0 234 2022-11-15T16:34:11Z 2022-11-15T16:34:11Z House H HR 2013-01-14 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Ms. KAPTUR:H.R. 234.Congress has the power to enact this legislation pursuantto the following:Article. 1. Section 8. Clause 3Article I. Section. 8. Clause 18[Page H86]]]> hsba00 Financial Services Committee House Standing Referred to 2013-01-14T19:02:45Z 2013-01-14 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2013-01-14 Introduced in House IntroReferral Intro-H 9 Library of Congress 2013-01-14 Introduced in House IntroReferral 1000 9 Library of Congress K000009 Rep. Kaptur, Marcy [D-OH-9] MARCY KAPTUR D OH 9 N J000255 Rep. Jones, Walter B., Jr. [R-NC-3] WALTER JONES R NC B. 3 2013-02-25 False Housing and Community Development Accounting and auditing 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 2013-01-14 Introduced in House 2013-01-30T19:31:28Z Fannie Mae and Freddie Mac Investigative Commission Act - Establishes the Fannie Mae and Freddie Mac Investigative Commission to investigate and make recommendations to Congress regarding certain decisions of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (enterprises) that led to financial instability and federal conservatorship.

Requires the Commission to analyze specified topics, including: (1) the role of the enterprises in expanding homeownership and in helping housing market recovery; (2) enterprise involvement in the development of faulty risk standards, accounting practices, and the creation and proliferation of the securitized mortgage instrument, and how such instrument affected the solvency of such enterprises; (3) the role of the respective boards of directors in voting for the policies relating to risk assessments, subprime mortgages, and the international securitization of mortgages; and (4) compensation, stock options, and financial benefits that accrued to executive officers and members of the boards of directors.

Requires the enterprises and the Director of the Federal Housing Finance Agency to grant the Commission access to requested records and information.

]]> Fannie Mae and Freddie Mac Investigative Commission Act Display Title Fannie Mae and Freddie Mac Investigative Commission Act Short Titles as Introduced Fannie Mae and Freddie Mac Investigative Commission Act Official Title as Introduced To establish the Fannie Mae and Freddie Mac Investigative Commission to investigate the policies and practices engaged in by 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. Introduced in House 2013-01-14T05:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr234ih/xml/BILLS-113hr234ih.xml 2013-01-14 Referred to the House Committee on Financial Services. 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.