H.R. 4653 · 111th Congress
Accurate Accounting of Fannie Mae and Freddie Mac Act
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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GarrettSponsor54 cosponsors · 1 D, 53 R
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Alexander
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Bachus
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Bartlett
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Bilbray
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Bishop
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Bachmann
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Capito
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Cole
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Chaffetz
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Franks
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Fortenberry
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Fallin
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Fleming
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Granger
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Gingrey
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Gohmert
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Herger
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Hensarling
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Jones
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King
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Lamborn
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Lance
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Lee
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Luetkemeyer
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McHenry
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Marchant
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McMorris Rodgers
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Neugebauer
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Pitts
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Price
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Posey
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Quigley
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Royce
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Roe
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Rooney
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Duncan
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Ann Emerson
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Hoekstra
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King
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McCotter
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Rehberg
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Simpson
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Johnson
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Lummis
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Aderholt
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Souder
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Pence
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Platts
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Gresham Barrett
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Murphy
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Paul36 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
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…
What it does: CRS summary · Introduced in House · Feb 23, 2010
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.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Accurate Accounting of Fannie Mae and Freddie Mac Act
Latest action (Feb 23, 2010): Referred to House Financial Services
Policy area: Economics and Public Finance · Origin: House · Introduced: Feb 23, 2010
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.