HR 1225

112th CONGRESS
1st Session

H. R. 1225

To prohibit Fannie Mae and Freddie Mac from issuing any new debt without approval in advance by the Secretary of the Treasury.

IN THE HOUSE OF REPRESENTATIVES

March 29, 2011

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


A BILL

To prohibit Fannie Mae and Freddie Mac from issuing any new debt without approval in advance by the Secretary of the Treasury.

SECTION 1. SHORT TITLE.

SEC. 2. PROHIBITION OF ISSUANCE OF NEW DEBT BY ENTERPRISES WITHOUT ADVANCE APPROVAL BY TREASURY.

`SEC. 1369F. REQUIREMENTS FOR ISSUANCE OF NEW DEBT.

END