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HR 2575 108th Congress House

Secondary Mortgage Market Enterprises Regulatory Improvement Act

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

Introduced: June 24, 2003 See on congress.gov
Finance and Financial Sector Administrative feesAdministrative procedureAdministrative remediesBank capital
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Bank examinationBank fraudBank managementBank recordsBusiness recordsCivil actions and liabilityCommerceCongressCongressional reporting requirementsConsumer creditCorporate debtCorporate financeCorporate managementCorporation directorsCrime and Law EnforcementDepartment of Housing and Urban DevelopmentDepartment of the TreasuryEconomics and Public FinanceEconomistsEmployee rightsExecutive compensationExecutive reorganizationExecutivesFederal employeesFederally-assisted loansFines (Penalties)Government Operations and PoliticsGovernment paperworkGovernmental investigationsHousing and Community DevelopmentHousing financeIndexing (Economic policy)IndictmentsInjunctionsJudicial reviewLabor and EmploymentLawMortgage banksMortgagesPrice indexesRecruiting of employeesRemoval of officialsSecondary mortgage marketSecuritiesSecurities regulationTransfer of employeesTrusts and trustees
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) 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 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 25, 2003
Committee Hearings Held.
Jul 9, 2003
Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.
Jun 24, 2003
Referred to the House Committee on Financial Services.
Jun 24, 2003
Introduced in House
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 Latest action September 25, 2003

Committee Hearings Held.

 Plain-English summary Congressional Research Service
Secondary Mortgage Market Enterprises Regulatory Improvement Act - Amends the Home Owners' Loan Act to rename the Office of Thrift Supervision as the Office of Housing Finance Supervision.

Amends the Housing and Community Development Act of 1992 to transfer supervisory and regulatory authority over specified government sponsored enterprises (Fannie Mae and Freddie Mac) to the Director of the Office of Housing Finance Supervision from the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD) and from the Secretary of Housing and Urban Development.

Requires the Director to ensure that the enterprises operate in a financially safe manner and remain adequately capitalized.

Sets forth operating, administrative, and regulatory provisions, including: (1) public disclosure of information; (2) assessment authority; (3) authority to limit nonmission-related assets and set specified conforming loan limits; (4) establishment of a housing price index; (5) minimum and critical capital levels; (6) risk-based capital test; (7) capital classifications and undercapitalized enterprises; (8) receivership; (9) enforcement actions and penalties; and (10) reporting.

Sets forth retained and new authorities of the Secretary.

Abolishes the Office of Federal Housing Enterprise Oversight. 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 5
All 5 Republican 1
HOEKSTRA, PETER
· Jun 24, 2003
LINDER, JOHN
· Jun 24, 2003
 R
Lucas, Frank D.
Oklahoma · Jun 24, 2003
OSE, DOUG
· Jun 24, 2003
Toomey, Patrick
· Jun 24, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2575: Secondary Mortgage Market Enterprises Regulatory Improvement Act. 108th Congress. Open America. https://openamerica.io/bill/108-HR-2575/
MLA
"H.R. 2575: Secondary Mortgage Market Enterprises Regulatory Improvement Act." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-2575/.
Bluebook (legal)
H.R. 2575, 108th Cong. (2026), https://openamerica.io/bill/108-HR-2575/.
Markdown link
[H.R. 2575: Secondary Mortgage Market Enterprises Regulatory Improvement Act](https://openamerica.io/bill/108-HR-2575/)
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