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.

This Bill currently has no wiki content. If you would like to create a wiki entry for this bill, please Login, and then select the wiki tab to create it.

Bill’s Views

  • Today: 2
  • Past Seven Days: 4
  • All-Time: 1,758
 
Introduced
 
House
Passes
 
Senate
Passes
 
President
Signs
 

 
03/29/11
 
 
 
 
 
 
 

Official Summary

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

Official Summary

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.

...Read the Rest




Vote on This Bill

0% Users Support Bill

0 in favor / 1 opposed
 

Send Your Rep a Letter

about this bill Support Oppose Tracking
Track with MyOC