HR 1859

112th CONGRESS
1st Session

H. R. 1859

To ensure the availability of reasonably priced conventional mortgages to borrowers in all economic cycles by encouraging private sector capital to support the secondary mortgage market, limiting the role of the Federal government and the exposure of taxpayers, and other purposes.

IN THE HOUSE OF REPRESENTATIVES

May 12, 2011

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


A BILL

To ensure the availability of reasonably priced conventional mortgages to borrowers in all economic cycles by encouraging private sector capital to support the secondary mortgage market, limiting the role of the Federal government and the exposure of taxpayers, and other purposes.

SECTION 1. SHORT TITLE.

SEC. 2. STATEMENT OF PURPOSES.

SEC. 3. ESTABLISHMENT, OPERATION, SUPERVISION, AND REGULATION OF HOUSING FINANCE GUARANTY ASSOCIATIONS.

`Subtitle D--Establishment, Operation, Supervision, and Regulation of Housing Finance Guarantee Associations

`SEC. 1381. DEFINITIONS.

`SEC. 1382. ESTABLISHMENT OF HOUSING FINANCE GUARANTY ASSOCIATIONS.

`SEC. 1383. GENERAL POWERS OF ASSOCIATIONS.

`SEC. 1384. HOUSING FINANCE RELATED POWERS OF ASSOCIATIONS.

`SEC. 1385. PROHIBITED ACTIVITIES.

`SEC. 1386. OFFICE OF SECURITIZATION.

`SEC. 1387. FEDERAL HOUSING FINANCE AGENCY SECURITIES.

`SEC. 1388. CATASTROPHIC FEDERAL GUARANTEE.

`SEC. 1389. RESERVE FUND.

`SEC. 1390. SUPERVISION OF ASSOCIATIONS.

`SEC. 1391. AGENCY OPERATIONS.

`SEC. 1392. APPLICABLE LAW.

`SEC. 1393. JUDICIAL REVIEW.

`SEC. 1394. BUDGET NEUTRALITY.

SEC. 4. TRANSITION.

SEC. 5. TECHNICAL AND CONFORMING AMENDMENTS.

END