FREDDIE MAC (Government-sponsored enterprise)

Bills and resolutions

Credit: revoke Fannie Mae and Freddie Mac charters, temporarily create a Mortgage Finance Agency to secure mortgages until the transition to privatization, and protect against another housing collapse (see S. 495), S982 [12FE]

Dept. of HUD: prohibit Fannie Mae and Freddie Mac contributions to the Housing Trust Fund and Capital Market Fund while in conservatorship or receivership (see H.R. 574), H639 [27JA]

Disasters: provide assistance for housing cooperatives damaged by a major disaster and provide relief to homeowners affected by major disasters with mortgages insured, owned, or guaranteed by certain organizations (see H.R. 1297), H1612 [4MR]

Government-sponsored enterprises: establish scorekeeping rule to ensure that increases in guarantee fees of Fannie Mae and Freddie Mac shall not be used to offset provisions that increase the deficit (see S. 752), S1585 [17MR]

——— exercise clean-up call options under securities issued by Fannie Mae or Freddie Mac and prohibit new mortgage-backed securities to contain provisions for such options (see H.R. 1224), H1566 [3MR]

——— provide for repayment of amounts borrowed by Fannie Mae and Freddie Mac from the U.S. (see H.R. 1036), H1113 [24FE]

——— require Fannie Mae and Freddie Mac to establish procedures for considering certain credit scores when determining whether to purchase a residential mortgage (see H.R. 4211), H9269 [10DE]

——— suspend current compensation packages for senior executives of Fannie Mae and Freddie Mac and establish compensation for such positions in accordance with senior Federal employee rates of pay (see H.R. 2243), H2820 [8MY]

——— suspend the current compensation packages for the chief executive officers of Fannie Mae and Freddie Mac (see S. 2036), S6651 [15SE]

Housing: ensure housing finance reform by prohibiting an increase in the guarantee fee to offset other spending and the sale of preferred shares of Government-sponsored enterprises (see S. 2038), S6699 [16SE]

Public debt: prioritize obligations on the debt held by the public in the event that the debt ceiling is reached and require the sale of Federal assets (see H.R. 3753), H6974 [9OC]

Letters

Equity in Government Compensation Act: Representative Chaffetz, Committtee on Oversight and Government Reform (House), H8222 [16NO]

——— Representative Hensarling, Committtee on Financial Services (House), H8222 [16NO]

——— Representative Hill, H8223 [16NO]

Prohibit sale of federally-owned preferred shares of Fannie Mae or Freddie Mac without congressional approval: Anne E. Wall, Dept. of the Treasury, S8857 [18DE]

Remarks in House

Federal Reserve System capital surplus account liquidation: several real estate organizations, H7729 [4NO]

FRS: liquidate and dissolve the capital surplus account, H7728–H7730 [4NO], E1604 [5NO]

Government-sponsored enterprises: suspend the current compensation packages for the chief executive officers of Fannie Mae and Freddie Mac (S. 2036), H8221–H8223 [16NO], E1633 [17NO]

Remarks in Senate

Credit: provide secondary mortgage reform by establishing the Federal Mortgage Insurance Corp., abolishing the Federal Housing Finance Agency, and phasing out housing Government-sponsored enterprises, S8760 [17DE]

Government-sponsored enterprises: prohibit sale of federally-owned preferred shares of Fannie Mae or Freddie Mac without congressional approval, S8760 [17DE], S8856, S8857 [18DE]

——— reform, S5443 [22JY]

——— suspend the current compensation packages for the chief executive officers of Fannie Mae and Freddie Mac (S. 2036), S6659 [15SE]

Reports filed

Equity in Government Compensation Act: Committee on Financial Services (House) (H.R. 2243) (H. Rept. 114–339), H8239 [16NO]

Texts of

S. 2036, Equity in Government Compensation Act, S6659 [15SE], H8221 [16NO]