U.S. Congress - H.R.1224 GSE Portfolio Risk Reduction Act of 2011
H.R.1224 - GSE Portfolio Risk Reduction Act of 2011
To increase the rate of the required annual reductions of the retained portfolios of Fannie Mae and Freddie Mac. view all titles (2)
All Bill Titles
- Official: To increase the rate of the required annual reductions of the retained portfolios of Fannie Mae and Freddie Mac. as introduced.
- Short: GSE Portfolio Risk Reduction Act of 2011 as introduced.
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Official Summary
3/29/2011--Introduced.GSE Portfolio Risk Reduction Act of 2011 - Amends the Housing and Community Development Act of 1992 to prohibit the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEOfficial Summary
3/29/2011--Introduced.GSE Portfolio Risk Reduction Act of 2011 - Amends the Housing and Community Development Act of 1992 to prohibit the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs) from owning mortgage assets in excess of:(1) $700 billion one year after enactment of this Act;
(2) $600 billion two years after enactment of this Act;
(3) $475 billion three years after enactment of this Act;
(4) $350 billion four years after enactment of this Act; and
(5) $250 billion five years after enactment of this Act.
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