I 112th CONGRESS 1st Session H. R. 463 IN THE HOUSE OF REPRESENTATIVES January 26, 2011 Mr. Chaffetz (for himself, Mr. Issa, Mr. Flake, Mr. Hensarling, Mr. Paul, Mr. Bachus, Mr. Platts, Mr. Poe of Texas, Mr. Rogers of Michigan, Mr. Smith of Nebraska, Mr. Mack, and Mr. Quigley) introduced the following bill; which was referred to the Committee on Financial Services A BILL To apply the Freedom of Information Act to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation during any period that such entities are in conservatorship or receivership.

1.

Short title

This Act may be cited as the Fannie Mae and Freddie Mac Transparency Act of 2011.

2.

Applicability of FOIA during conservatorship or receivership

(a)

Fannie Mae

Section 309 of the Federal National Mortgage Association Charter Act (12 U.S.C. 1723a) is amended by adding at the end the following new subsection: (p)

Applicability of FOIA

Notwithstanding section 551 of title 5, United States Code, during any period that the corporation is under conservatorship or receivership pursuant to section 1367 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4617), the corporation shall be considered to be an agency for purposes of section 552 of such title. . (b)

Freddie Mac

Section 307 of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1456) is amended by adding at the end the following new subsection: (h)

Applicability of FOIA

Notwithstanding section 551 of title 5, United States Code, during any period that the Corporation is under conservatorship or receivership pursuant to section 1367 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4617), the Corporation shall be considered to be an agency for purposes of section 552 of such title. .