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- S.693
S.693: GSE Bailout Elimination and Taxpayer Protection Act
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about housing and community development
- Introduced March 31, 2011
- Latest Major Action March 31, 2011
Bill Sponsor
Bill Cosponsors
5 (All Republicans)
Bill Summary
GSE Bailout Elimination and Taxpayer Protection Act - Sets a deadline for the Director of the Federal Housing Finance Agency (FHFA) to terminate the conservatorship of either the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) if the Director determines that it is financially viable. (Refers to both Fannie Mae and Freddie Mac as enterprises [government-sponsored enterprises, or...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
|
|
| March 31, 2011 |
Introduced in the Senate by John McCain (R-Ariz.) |