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HR 4653 111th Congress House Economics and Public Finance Accounting and auditing Budget deficits and national debt Government corporations and government-sponsored enterprises Housing finance and home ownership Securities

Accurate Accounting of Fannie Mae and Freddie Mac Act

Introduced: February 23, 2010 See on congress.gov
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This bill died when the 111th Congress ended
It never became law before the 111th Congress (2009–2010) 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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 23, 2010
Referred to House Financial Services
Feb 23, 2010
Referred to House Ways and Means
Feb 23, 2010
Referred to the Committee on the Budget, and in addition to the Committees on Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Feb 23, 2010
Referred to House Budget
Feb 23, 2010
Introduced in House
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 Plain-English summary Congressional Research Service

Accurate Accounting of Fannie Mae and Freddie Mac Act - Requires the receipts and disbursements of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to be counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of: (1) the federal budget submitted by the President; (2) the congressional budget; or (3) the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act).

Requires the costs of purchases of mortgages, and mortgage-backed securities issued, by Fannie Mae and Freddie Mac to be calculated by adjusting a specified discount rate for market risks under the Credit Reform Act of 1990.

Subjects to the statutory public debt limit the face amount of obligations issued by Fannie Mae and Freddie Mac and outstanding at one time.

What's happening now February 23, 2010

Referred to House Financial Services

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 3
 Cosponsors 7
All 7 Democratic 1 Republican 6
R
Aderholt, Robert B.
Alabama · Mar 4, 2010
 R
Foxx, Virginia
North Carolina · Mar 3, 2010
 R
Lummis, Cynthia M.
Wyoming · Mar 3, 2010
 R
Simpson, Michael K.
Idaho · Feb 26, 2010
 R
Capito, Shelley Moore
West Virginia · Feb 23, 2010
 R
Cole, Tom
Oklahoma · Feb 23, 2010
 D
Quigley, Mike
Illinois · Feb 23, 2010
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 4653: Accurate Accounting of Fannie Mae and Freddie Mac Act. 111th Congress. Open America. https://openamerica.io/bill/111-HR-4653/
MLA
"H.R. 4653: Accurate Accounting of Fannie Mae and Freddie Mac Act." 111th Congress, 2026, Open America, https://openamerica.io/bill/111-HR-4653/.
Bluebook (legal)
H.R. 4653, 111th Cong. (2026), https://openamerica.io/bill/111-HR-4653/.
Markdown link
[H.R. 4653: Accurate Accounting of Fannie Mae and Freddie Mac Act](https://openamerica.io/bill/111-HR-4653/)
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