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HR 3703 106th Congress House Housing and Community Development Administrative fees Administrative procedure Advice and consent of the Senate Bank capital Bank employees Bank examination Bank failures Bank records Bankruptcy Bonds Business records Commerce Conflict of interests Congress Congressional reporting requirements Consumer credit Corporate finance Delegation of powers Department of Housing and Urban Development

Housing Finance Regulatory Improvement Act

Introduced: February 29, 2000 See on congress.gov
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 Everywhere this bill has been 9 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jul 20, 2000
Subcommittee Hearings Held.
Jun 21, 2000
Subcommittee Hearings Held.
Jun 15, 2000
Subcommittee Hearings Held.
May 16, 2000
Subcommittee Hearings Held.
Mar 31, 2000
Referred to the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises.
Mar 22, 2000
Subcommittee hearings held by the subcommittee on Capital Markets (Prior to Referral).
Feb 29, 2000
Referred to the House Committee on Banking and Financial Services.
Feb 29, 2000
Sponsor introductory remarks on measure. (CR E197-199)
Feb 29, 2000
Introduced in House
 Plain-English summary Congressional Research Service
Housing Finance Regulatory Improvement Act - Title I: Housing Finance Oversight Board - Subtitle A: Improvement of Supervision - Amends the Housing and Community Development Act of 1992 to establish the Housing Finance Oversight Board in lieu of the existing Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD), the Federal Housing Finance Board, and specified government sponsored enterprise (enterprises) authority of the Secretary of Housing and Urban Development.

Directs the Board to ensure that the enterprises and the Federal home loan banks (banks) operate in a financially safe manner and remain adequately capitalized.

(Sec. 103) Provides for public disclosure of information that would increase the efficiency of the secondary mortgage market or the housing finance system.

(Sec. 105) Subjects the banks to Board assessment authority.

(Sec. 109) Eliminates specified enterprise regulatory authority of HUD.

(Sec. 110) Grants the Board prior approval authority over new activities of the banks and enterprises.

(Sec. 111) Authorizes the Board to limit enterprise and bank nonmission-related assets.

(Sec. 112) Amends the Federal National Mortgage Association Charter Act to establish specified conforming loan limits.

Amends the Housing and Community Development Act of 1992 to direct the Board to establish a housing price index.

(Sec. 114) Amends the Federal Home Loan Bank Act to subject the banks to Board regulatory authority.

Subtitle B: Reduction of Systematic Risk -Amends the Housing and Community Development Act of 1992 to subject enterprises to annual credit determinations.

(Sec. 136) Amends the Federal National Mortgage Association Charter Act (Fannie Mae), the Home Loan Mortgage Corporation Act (Freddie Mac), and the Federal Home Loan Bank Act (banks) to eliminate Treasury credit line authority.

(Sec. 139) Amends the Federal Home Loan Bank Act to establish the Federal Home Loan Bank Finance Corporation.

(Sec. 141) Directs the Federal Deposit Insurance Corporation to study the effects of enterprise failure on depository institutions.

Subtitle C: General Provisions - Makes conforming amendments to specified Acts.

Title II: Transfer of Functions, Personnel, and Property - Abolishes the (HUD) Office of Federal Housing Enterprise Oversight, and the Federal Housing Finance Board. Sets forth related transfer of personnel and facility and property provisions.

What's happening now July 20, 2000

Subcommittee Hearings Held.

 Committees of jurisdiction 2
 Cosponsors 1
All 1 Republican 1