HR 1182

112th CONGRESS
1st Session

H. R. 1182

To establish a term certain for the conservatorships of Fannie Mae and Freddie Mac, to provide conditions for continued operation of such enterprises, and to provide for the wind down of such operations and the dissolution of such enterprises.

IN THE HOUSE OF REPRESENTATIVES

March 17, 2011

Mr. HENSARLING (for himself and Mr. BACHUS) introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To establish a term certain for the conservatorships of Fannie Mae and Freddie Mac, to provide conditions for continued operation of such enterprises, and to provide for the wind down of such operations and the dissolution of such enterprises.

SECTION 1. SHORT TITLE.

SEC. 2. DEFINITIONS.

SEC. 3. TERMINATION OF CURRENT CONSERVATORSHIP.

SEC. 4. LIMITATIONS ON ENTERPRISE AUTHORITY.

(aa) in paragraph (1), by inserting `or' after the semicolon at the end;

(bb) in paragraph (2), by striking the semicolon at the end and inserting a period; and

(cc) by striking paragraphs (3) and (4); and

(aa) in subparagraph (A), by inserting `or' after the semicolon at the end;

(bb) by striking subparagraphs (B) and (C); and

(cc) by redesignating subparagraph (D) as subparagraph (B);

(aa) by striking clause (iii);

(bb) by striking the dash after `which' and inserting the text of clause (v) and a period; and

(cc) by striking clause (v);

(aa) by striking paragraph (1);

(bb) by striking the dash after `consist of' and inserting the text of paragraph (2) and a period; and

(cc) by striking paragraph (2); and

`SEC. 1369E. RESTRICTION ON MORTGAGE ASSETS OF ENTERPRISES.

`SEC. 1327. ENTERPRISE GUARANTEE FEES.

SEC. 5. REQUIRED WIND DOWN OF OPERATIONS AND DISSOLUTION OF ENTERPRISE.

END