GovTrack’s Bill Summary
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S. 563: Jumpstart GSE Reform Act
- Introduced:
- Mar 14, 2013 (113th Congress, 2013–2015)
- Sponsor:
- Sen. Bob Corker [R-TN]
- Status:
- Referred to Committee
The bill’s title was written by the bill’s sponsor. S. stands for Senate bill.
- Full Title
A bill to provide certainty that Congress and the Administration will undertake substantive and structural housing finance reform, and for other purposes.
- Summary
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No summaries available.
- Text
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Last updated Mar 14, 2013.
4 pages
- Primary Source
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View on THOMAS (The Library of Congress)
GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here.
- Citation
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Click a format for a citation suggestion:
Library of Congress Summary
The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.
3/14/2012--Introduced.
Jumpstart GSE Reform Act - Prohibits the use of an increase in the guarantee fee required to be charged by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or any affiliate of such organizations (enterprises) to offset an increase in outlays or a reduction in revenues for any purposes other than those related to the enterprises' business functions under:
(1) the congressional budget,
(2) the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), or
(3) the Statutory Pay-As-You-Act 2010.
Prohibits the Secretary of Housing and Urban Development (HUD) from selling, transferring, relinquishing, liquidating, divesting, or otherwise disposing of any outstanding shares of senior preferred stock acquired pursuant to a specified Senior Preferred Stock Purchase Agreement between the Department of the Treasury and an enterprise until Congress has passed and the President has signed into law legislation that includes a specific instruction to the Secretary regarding the sale, transfer, relinquishment, liquidation, divestiture, or other disposition of the senior preferred stock so acquired.
House Republican Conference Summary
The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.
No summary available.
House Democratic Caucus Summary
The House Democratic Caucus does not provide summaries of bills.
So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.
We’ll be looking for a source of summaries from the other side in the meanwhile.
The bill contains the following citations to other parts of U.S. law:
United States Code
The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)
- Title 12: BANKS AND BANKING
- Chapter 46: GOVERNMENT SPONSORED ENTERPRISES
- Subchapter I: SUPERVISION AND REGULATION OF ENTERPRISES
- Part B: Additional Authorities of the Director
- Subpart 1: general authority
- Section 4547: Enterprise guarantee fees