I 112th CONGRESS 1st Session H. R. 2439 IN THE HOUSE OF REPRESENTATIVES July 7, 2011 Mr. Stivers (for himself, Mr. Bachus, and Mr. Garrett) introduced the following bill; which was referred to the Committee on Financial Services A BILL To amend the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to authorize the Federal Housing Finance Agency, as receiver of Fannie Mae or Freddie Mac, to revoke the charters of such enterprises or any limited-life regulated entity established under such receivership.

1.

Short title

This Act may be cited as the Removing GSEs Charters During Receivership Act of 2011.

2.

Authority of receiver to revoke enterprise charter on wind-up or termination of limited-life regulated entity

Section 1367 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4617) is amended by striking subsection (k) and inserting the following new subsection: (k)

Authority of receiver To revoke enterprise charter

The Agency as receiver of an enterprise— (1)may revoke the charter of the enterprise; and (2)shall, not later than the winding up or termination, in accordance with subsection (i)(6), of the limited-life regulated entity established with respect to such enterprise, revoke the charter of such enterprise. .