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HR 3703 106th Congress House

Housing Finance Regulatory Improvement Act

Official title: To consolidate and improve the regulation of the housing-related Government-sponsored enterprises, and for other purposes.

Introduced: July 27, 2000 See on congress.gov
Housing and Community Development Administrative feesAdministrative procedureAdvice and consent of the SenateBank capital
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Bank employeesBank examinationBank failuresBank recordsBankruptcyBondsBusiness recordsCommerceConflict of interestsCongressCongressional reporting requirementsConsumer creditCorporate financeDelegation of powersDepartment of Housing and Urban DevelopmentDepartment of the TreasuryEconomics and Public FinanceEmployee rightsExecutive reorganizationFederal Deposit Insurance CorporationFederal Housing Finance BoardFederal Reserve SystemFederal employeesFederal home loan banksFederal officialsFederally-assisted loansFinance and Financial SectorFinancial deregulationFinancial statementsGovernment Operations and PoliticsGovernment corporationsGovernment ethicsGovernment lendingGovernment paperworkGovernment publicityHousing financeIndependent regulatory commissionsIndexing (Economic policy)Labor and EmploymentLawLiensMortgage loansPresidential appointmentsRisk assessmentSecondary mortgage marketSecuritiesStocksTransfer of employees
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This bill died when the 106th Congress ended
It never became law before the 106th Congress (1999–2000) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 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
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 Latest action July 20, 2000

Subcommittee Hearings Held.

 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.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 3
All 3 Republican 1
OSE, DOUG
· Jul 27, 2000
 R
Sessions, Pete
Texas · Jul 27, 2000
Toomey, Patrick
· Jul 27, 2000
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 3703: Housing Finance Regulatory Improvement Act. 106th Congress. Open America. https://openamerica.io/bill/106-HR-3703/
MLA
"H.R. 3703: Housing Finance Regulatory Improvement Act." 106th Congress, 2026, Open America, https://openamerica.io/bill/106-HR-3703/.
Bluebook (legal)
H.R. 3703, 106th Cong. (2026), https://openamerica.io/bill/106-HR-3703/.
Markdown link
[H.R. 3703: Housing Finance Regulatory Improvement Act](https://openamerica.io/bill/106-HR-3703/)
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