[Congressional Record Volume 161, Number 50 (Wednesday, March 25, 2015)]
[Senate]
[Page S1931]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 805. Mr. CORKER (for himself, Mr. Warner, Mr. Vitter, Ms. Warren, 
Mr. Tester, and Ms. Heitkamp) submitted an amendment intended to be 
proposed by him to the concurrent resolution S. Con. Res. 11, setting 
forth the congressional budget for the United States Government for 
fiscal year 2016 and setting forth the appropriate budgetary levels for 
fiscal years 2017 through 2025; which was ordered to lie on the table; 
as follows:

       At the appropriate place, insert the following:

     SEC. ___. DEFICIT-NEUTRAL RESERVE FUND TO PREVENT THE SALE OF 
                   SENIOR PREFERRED STOCK OF FANNIE MAE AND 
                   FREDDIE MAC BY THE SECRETARY OF THE TREASURY 
                   WITHOUT THE CONSENT OF CONGRESS.

       (a) In General.--The Chairman of the Committee on the 
     Budget of the Senate may revise the allocations of a 
     committee or committees, aggregates, and other appropriate 
     levels in this resolution for one or more bills, joint 
     resolutions, amendments, amendments between the Houses, 
     motions, or conference reports relating to Congress 
     determining the resolution of each enterprise, which may 
     include preventing the Secretary of the Treasury from 
     selling, transferring, or otherwise disposing of any 
     outstanding shares acquired pursuant to the Senior Preferred 
     Stock Purchase Agreement without the consent of Congress, by 
     the amounts provided in such legislation for those purposes, 
     provided that such legislation would not increase the deficit 
     over the period of the total of fiscal years 2016 through 
     2025.
       (b) Definitions.--As used in this section--
       (1) the term ``enterprise'' has the same meaning as in 
     section 1303 of the Federal Housing Enterprises Financial 
     Safety and Soundness Act of 1992; and
       (2) the term ``Senior Preferred Stock Purchase Agreement'' 
     means--
       (A) the Amended and Restated Senior Preferred Stock 
     Purchase Agreement, dated September 26, 2008, as such 
     Agreement has been amended on May 6, 2009, December 24, 2009, 
     and August 17, 2012, respectively, and as such Agreement may 
     be further amended and restated, entered into between the 
     Department of the Treasury and each enterprise, as 
     applicable; and
       (B) any provision of any certificate in connection with 
     such Agreement creating or designating the terms, powers, 
     preferences, privileges, limitations, or any other conditions 
     of the Variable Liquidation Preference Senior Preferred Stock 
     of an enterprise issued or sold pursuant to such Agreement.
                                 ______