[Congressional Bills 114th Congress]
[From the U.S. Government Publishing Office]
[H.R. 5505 Introduced in House (IH)]

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114th CONGRESS
  2d Session
                                H. R. 5505

   To amend the Consumer Financial Protection Act of 2010 to require 
  annual studies on ending the conservatorship of Fannie Mae, Freddie 
                      Mac, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                             June 16, 2016

   Mr. Hill introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
   To amend the Consumer Financial Protection Act of 2010 to require 
  annual studies on ending the conservatorship of Fannie Mae, Freddie 
                      Mac, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``GSE Review and Reform Act of 2016''.

SEC. 2. ANNUAL STUDIES ON ENDING THE CONSERVATORSHIP OF FANNIE MAE, 
              FREDDIE MAC, AND REFORMING THE HOUSING FINANCE SYSTEM.

    Section 1074 of the Consumer Financial Protection Act of 2010 is 
amended--
            (1) in subsection (a)--
                    (A) in paragraph (1), by inserting after 
                ``Secretary of the Treasury shall'' the following: ``, 
                on an annual basis,''; and
                    (B) in paragraph (2), by striking ``The study'' and 
                inserting ``Each study'';
            (2) by amending subsection (b) to read as follows:
    ``(b) Report and Recommendations.--The Secretary of the Treasury 
shall submit a report on each study required under subsection (a), 
along with recommendations developed in such study, to the President, 
the Committee on Banking, Housing, and Urban Affairs of the Senate, and 
the Committee on Financial Services of the House of Representatives.''; 
and
            (3) by adding at the end the following:
    ``(c) Appearances Before Congress.--The Secretary of the Treasury 
shall appear before the Committee on Banking, Housing, and Urban 
Affairs of the Senate and the Committee on Financial Services of the 
House of Representatives at annual hearings regarding each report 
required under subsection (b).''.
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