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HR 6955 110th Congress House

Taxpayer Reimbursement Act of 2008

Official title: To suspend contributions by the Federal National Mortgage Association and Federal Home Loan Mortgage Corporation to the Housing Trust Fund during any conservat… Show full official titleShow less

Official title: To suspend contributions by the Federal National Mortgage Association and Federal Home Loan Mortgage Corporation to the Housing Trust Fund during any conservatorship of such enterprises and to ensure full repayment to the Federal Government for costs of any such conservatorship and costs of HOPE for Homeowners program.

Introduced: September 18, 2008 See on congress.gov
Housing and Community Development BankruptcyCorporate finance and managementFinancial services and investmentsGovernment corporations and government-sponsored enterprises
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Government lending and loan guaranteesHousing finance and home ownershipSecurities
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This bill died when the 110th Congress ended
It never became law before the 110th Congress (2007–2008) 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 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Sep 18, 2008
Referred to the House Committee on Financial Services.
Sep 18, 2008
Introduced in House
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 Latest action September 18, 2008

Referred to the House Committee on Financial Services.

 Plain-English summary Congressional Research Service

Taxpayer Reimbursement Act of 2008 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992, as amended by the Federal Housing Finance Regulatory Reform Act of 2008, to require the Director of the Federal Housing Finance Agency to suspend temporarily any allocations by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) upon: (1) the appointment of a conservator or receiver, and for the duration of a conservatorship or receivership; or (2) a finding that the federal government has not been fully reimbursed for the costs of such a conservatorship.

Repeals the reduced percentages for calendar years 2010 and 2011 to require the use of 100% of certain Fannie Mae and Freddie Mac allocations to reimburse the Treasury for payments on bonds of the HOPE for Homeowners Program for calendar 2009-2001.

Suspends the annual goals and duties established for Fannie Mae or Freddie Mac during any period it is in conservatorship or receivership.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Sessions, Pete
Texas · Sep 22, 2008
 R
Wilson, Joe
South Carolina · Sep 18, 2008
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6955: Taxpayer Reimbursement Act of 2008. 110th Congress. Open America. https://openamerica.io/bill/110-HR-6955/
MLA
"H.R. 6955: Taxpayer Reimbursement Act of 2008." 110th Congress, 2026, Open America, https://openamerica.io/bill/110-HR-6955/.
Bluebook (legal)
H.R. 6955, 110th Cong. (2026), https://openamerica.io/bill/110-HR-6955/.
Markdown link
[H.R. 6955: Taxpayer Reimbursement Act of 2008](https://openamerica.io/bill/110-HR-6955/)
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