[Congressional Record Volume 171, Number 112 (Saturday, June 28, 2025)]
[Senate]
[Page S3972]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]

  SA 2396. Ms. WARREN (for herself and Ms. Hirono) submitted an 
amendment intended to be proposed by her to the bill H.R. 1, to provide 
for reconciliation pursuant to title II of H. Con. Res. 14; which was 
ordered to lie on the table; as follows:

       At the appropriate place, insert the following:

     SEC. ___. PROHIBITION.

       (a) In General.--The Department of the Treasury shall not 
     sell in whole or in part its share of senior preferred stocks 
     in Fannie Mae or Freddie Mac until--
       (1) the Comptroller General--
       (A) completes a study on the impact that ending 
     conservatorship or the end of an explicit government 
     guarantee of Fannie Mae and Freddie Mac would have on the 
     cost of mortgage lending, homeownership, and multifamily 
     housing development; and
       (B) presents the findings of such study to Congress;
       (2) the President issues a public plan; and
       (3) the Director of the Federal Housing Finance Agency and 
     the 4 members of the Federal Housing Finance Oversight Board 
     established under section 1313A of the Federal Housing 
     Enterprises Financial Safety and Soundness Act of 1992 (12 
     U.S.C. 4513a) testify on the plan required in paragraph (2) 
     before the Committee on Banking, Housing, and Urban Affairs 
     of the Senate and the Committee on Financial Services of the 
     House of Representatives.
       (b) Rule of Construction.--Nothing in this section may be 
     construed to authorize the Department of the Treasury to sell 
     in whole or in part its share of senior preferred stocks in 
     Fannie Mae or Freddie Mac.
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