H.R.1223 - GSE Credit Risk Equitable Treatment Act of 2011

To amend the Securities Exchange Act of 1934 to ensure mortgages held or securitized by Fannie Mae and Freddie Mac and asset-backed securities issued by such enterprises are treated similarly as other mortgages and asset-backed securities for purposes of the credit risk retention requirements under such Act. view all titles (2)

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  • Official: To amend the Securities Exchange Act of 1934 to ensure mortgages held or securitized by Fannie Mae and Freddie Mac and asset-backed securities issued by such enterprises are treated similarly as other mortgages and asset-backed securities for purposes of the credit risk retention requirements under such Act. as introduced.
  • Short: GSE Credit Risk Equitable Treatment Act of 2011 as introduced.

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Introduced
 
House
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Senate
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President
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03/28/11
 
 
 
 
 
 
 

Official Bill Text Comment on about 2 Pages

Sponsor

Representative

Scott Garrett

R-NJ

View Co-Sponsors (3)

Official Summary

3/29/2011--Introduced.GSE Credit Risk Equitable Treatment Act of 2011 - Amends the Securities Exchange Act of 1934 to require that credit risk retention regulations ensure that there is no difference in the treatment of asset-backed securities securitized by the Federal National Mortgage A
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Official Summary

3/29/2011--Introduced.GSE Credit Risk Equitable Treatment Act of 2011 - Amends the Securities Exchange Act of 1934 to require that credit risk retention regulations ensure that there is no difference in the treatment of asset-backed securities securitized by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporatioin (Freddie Mac) (government-sponsored enterprises or GSEs), solely because of securitization by the GSE, from the treament of other asset-backed securities securitized by any other entity.

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