HR 1223

112th CONGRESS
1st Session

H. R. 1223

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.

IN THE HOUSE OF REPRESENTATIVES

March 29, 2011

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


A BILL

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.

SECTION 1. SHORT TITLE.

SEC. 2. EQUITABLE TREATMENT OF FANNIE MAE AND FREDDIE MAC UNDER CREDIT RISK RETENTION REQUIREMENTS.

END