S.190 - Federal Housing Enterprise Regulatory Reform Act of 2005
A bill to address the regulation of secondary mortgage market enterprises, and for other purposes. view all titles (2)
All Bill Titles
- Short: Federal Housing Enterprise Regulatory Reform Act of 2005 as introduced.
- Official: A bill to address the regulation of secondary mortgage market enterprises, and for other purposes. as introduced.
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Official Summary
1/26/2005--Introduced.Federal Housing Enterprise Regulatory Reform Act of 2005 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish: (1) in lieu of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban DevelopmOfficial Summary
1/26/2005--Introduced.
Federal Housing Enterprise Regulatory Reform Act of 2005 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish:
(1) in lieu of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD), an independent Federal Housing Enterprise Regulatory Agency which shall have authority over the Federal Home Loan Bank Finance Corporation, the Federal Home Loan Banks, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac); and
(2) the Federal Housing Enterprise Board.
Sets forth operating, administrative, and regulatory provisions of the Agency, including provisions respecting:
(1) assessment authority;
(2) authority to limit nonmission-related assets;
(3) minimum and critical capital levels;
(4) risk-based capital test;
(5) capital classifications and undercapitalized enterprises;
(6) enforcement actions and penalties;
(7) golden parachutes; and
(8) reporting. Amends the Federal Home Loan Bank Act to establish the Federal Home Loan Bank Finance Corporation. Transfers the functions of the Office of Finance of the Federal Home Loan Banks to such Corporation.
Excludes the Federal Home Loan Banks from certain securities reporting requirements.
Abolishes the Federal Housing Finance Board.
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Recent Blog Coverage
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American Commentaries: Congress: An Organized Criminal Cartel
In 2005, in support of the Senate Bill 190, John McCain stated, “I join as a cosponsor of the Federal Housing Enterprise Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. ... (For confirmation,
American Commentaries: Congress: An Organized Criminal Cartel
In 2005, in support of the Senate Bill 190, John McCain stated, “I join as a cosponsor of the Federal Housing Enterprise Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. ... (For confirmation,
American Commentaries: Congress: An Organized Criminal Cartel
In 2005, in support of the Senate Bill 190, John McCain stated, “I join as a cosponsor of the Federal Housing Enterprise Reform Act of 2005, S. 190, to underscore my support for quick passage of GSE regulatory reform legislation. ... (For confirmation,

U.S. Congress - S.190 Federal Housing Enterprise Regulatory Reform Act of 2005



