HR 1224
112th Congress
House
Housing and Community Development
Banking and financial institutions regulation
Government corporations and government-sponsored enterprises
Housing finance and home ownership
Securities
GSE Portfolio Risk Reduction Act of 2011
Introduced: March 29, 2011
See on congress.gov
Everywhere this bill has been
7 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Apr 6, 2011
Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 20 - 14 .
Apr 6, 2011
Subcommittee Consideration and Mark-up Session Held.
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
Plain-English summary
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.
What's happening now
Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 20 - 14 .
Committees of jurisdiction
2
Cosponsors
1