H.R. 1929 (111th): Fannie Mae and Freddie Mac Investigative Commission Act

Apr 02, 2009 (111th Congress, 2009–2010)
Died (Referred to Committee)
Marcy Kaptur
Representative for Ohio's 9th congressional district
Read Text »
Last Updated
Apr 02, 2009
15 pages
Related Bills
H.R. 2093 (112th) was a re-introduction of this bill in a later Congress.

Referred to Committee
Last Action: Jun 02, 2011


This bill was introduced on April 2, 2009, in a previous session of Congress, but was not enacted.

Introduced Apr 02, 2009
Referred to Committee Apr 02, 2009
Full Title

To establish the Fannie Mae and Freddie Mac Investigative Commission to investigate the policies and practices engaged in by officers and directors at Fannie Mae and Freddie Mac responsible for making the decisions that led to the enterprises' financial instability and the subsequent Federal conservatorship of such enterprises.


No summaries available.

5 cosponsors (4D, 1R) (show)

House Financial Services

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Primary Source

THOMAS.gov (The Library of Congress)

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H.R. stands for House of Representatives bill.

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GovTrack’s Bill Summary

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Library of Congress Summary

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

Fannie Mae and Freddie Mac Investigative Commission Act - Establishes the Fannie Mae and Freddie Mac Investigative Commission to investigate and make recommendations to Congress regarding certain decisions of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (enterprises) that led to financial instability and federal conservatorship.
Requires the Commission to analyze specified topics, including:
(1) the role of the enterprises in expanding homeownership and in helping housing market recovery;
(2) enterprise involvement in the development of faulty risk standards, accounting practices, and the creation and proliferation of the securitized mortgage instrument, and how such instrument affected the solvency of such enterprises;
(3) the role of the respective boards of directors in voting for the policies relating to risk assessments, subprime mortgages, and the international securitization of mortgages; and
(4) compensation, stock options, and financial benefits that accrued to executive officers and members of the boards of directors.
Requires the enterprises and the Director of the Federal Housing Finance Agency to grant the Commission access to requested records and information.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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