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Searching...- Bills
- H.R.1224
H.R.1224: GSE Portfolio Risk Reduction Act of 2011
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about housing and community development
- Introduced March 29, 2011
- Latest Major Action April 6, 2011
Bill Sponsor
Bill Cosponsors
5 (All Republicans)
Bill 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...
(Source: Library of Congress)
Bill Actions
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Referred to the House Committee on Financial Services.
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Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
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Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
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Subcommittee Consideration and Mark-up Session Held.
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Subcommittee Consideration and Mark-up Session Held.
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Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 20 - 14 .
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| March 29, 2011 |
Introduced in the House by Jeb Hensarling (R-Texas) |