S. 190 (109th): Federal Housing Enterprise Regulatory Reform Act of 2005

Introduced:
Jan 26, 2005 (109th Congress, 2005–2006)
Status:
Died (Reported by Committee)
Sponsor
Charles “Chuck” Hagel
Senator from Nebraska
Party
Republican
Text
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Last Updated
Jan 26, 2005
Length
206 pages
Related Bills
S. 1100 (110th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Apr 12, 2007

 
Status

This bill was introduced on July 28, 2005, in a previous session of Congress, but was not enacted.

Progress
Introduced Jan 26, 2005
Referred to Committee Jan 26, 2005
Reported by Committee Jul 28, 2005
 
Full Title

A bill to address the regulation of secondary mortgage market enterprises, and for other purposes.

Summary

No summaries available.

Cosponsors
3 cosponsors (3R) (show)
Committees

Senate Banking, Housing, and Urban Affairs

The committee chair determines whether a bill will move past the committee stage.

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

S. stands for Senate bill.

A bill must be passed by both the House and Senate in identical form and then be signed by the president to become law.

The bill’s title was written by its sponsor.

GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.


1/26/2005--Introduced.
Federal Housing Enterprise Regulatory Reform Act of 2005 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish:
(1) in lieu of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD), an independent Federal Housing Enterprise Regulatory Agency which shall have authority over the Federal Home Loan Bank Finance Corporation, the Federal Home Loan Banks, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac); and
(2) the Federal Housing Enterprise Board.
Sets forth operating, administrative, and regulatory provisions of the Agency, including provisions respecting: (1) assessment authority; (2) authority to limit nonmission-related assets; (3) minimum and critical capital levels; (4) risk-based capital test; (5) capital classifications and undercapitalized enterprises; (6) enforcement actions and penalties; (7) golden parachutes; and (8) reporting.
Amends the Federal Home Loan Bank Act to establish the Federal Home Loan Bank Finance Corporation. Transfers the functions of the Office of Finance of the Federal Home Loan Banks to such Corporation.
Excludes the Federal Home Loan Banks from certain securities reporting requirements.
Abolishes the Federal Housing Finance Board.

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

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