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H.R. 1224 112th Congress House

GSE Portfolio Risk Reduction Act of 2011

Official title: To increase the rate of the required annual reductions of the retained portfolios of Fannie Mae and Freddie Mac.

Introduced: April 5, 2011 See on congress.gov
Housing and Community Development Banking and financial institutions regulationGovernment corporations and government-sponsored enterprisesHousing finance and home ownershipSecurities
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This bill died when the 112th Congress ended
It never became law before the 112th Congress (2011–2012) 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 7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2011
Subcommittee Consideration and Mark-up Session Held.
Apr 6, 2011
Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 20 - 14 .
Apr 5, 2011
Subcommittee Consideration and Mark-up Session Held.
Apr 4, 2011
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Mar 31, 2011
Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
Mar 29, 2011
Referred to the House Committee on Financial Services.
Mar 29, 2011
Introduced in House
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 Latest action April 6, 2011

Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 20 - 14 .

 Plain-English summary Congressional Research Service

GSE Portfolio Risk Reduction Act of 2011 - Amends the Housing and Community Development Act of 1992 to prohibit the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs) from owning mortgage assets in excess of: (1) $700 billion one year after enactment of this Act; (2) $600 billion two years after enactment of this Act; (3) $475 billion three years after enactment of this Act; (4) $350 billion four years after enactment of this Act; and (5) $250 billion five years after enactment of this Act.

 Related & companion bills 4
  • HR 408 Spending Reduction Act of 2011
  • HR 1182 GSE Bailout Elimination and Taxpayer Protection Act
  • S 178 Spending Reduction Act of 2011
  • S 693 GSE Bailout Elimination and Taxpayer Protection Act
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 2
 Cosponsors 5
All 5 Republican 1
Canseco, Francisco
· Jun 2, 2011
 R
Capito, Shelley Moore
West Virginia · Apr 5, 2011
BACHUS, SPENCER
· Mar 29, 2011
Garrett, Scott
· Mar 29, 2011
Pearce, Stevan
· Mar 29, 2011
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 1224: GSE Portfolio Risk Reduction Act of 2011. 112th Congress. Open America. https://openamerica.io/bill/112-HR-1224/
MLA
"H.R. 1224: GSE Portfolio Risk Reduction Act of 2011." 112th Congress, 2026, Open America, https://openamerica.io/bill/112-HR-1224/.
Bluebook (legal)
H.R. 1224, 112th Cong. (2026), https://openamerica.io/bill/112-HR-1224/.
Markdown link
[H.R. 1224: GSE Portfolio Risk Reduction Act of 2011](https://openamerica.io/bill/112-HR-1224/)
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