H.R. 2436 (112th): Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011

Introduced:
Jul 07, 2011 (112th Congress, 2011–2013)
Status:
Died (Referred to Committee)
Sponsor
Donald Manzullo
Representative for Illinois's 16th congressional district
Party
Republican
Text
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Last Updated
Jul 07, 2011
Length
3 pages
Related Bills
S. 693 (Related)
GSE Bailout Elimination and Taxpayer Protection Act

Referred to Committee
Last Action: Mar 31, 2011

H.R. 1182 (Related)
GSE Bailout Elimination and Taxpayer Protection Act

Referred to Committee
Last Action: Mar 17, 2011

 
Status

This bill was introduced on July 7, 2011, in a previous session of Congress, but was not enacted.

Progress
Introduced Jul 07, 2011
Referred to Committee Jul 07, 2011
 
Full Title

To prohibit any reduction in the rate of dividends paid to the Secretary of the Treasury on the senior preferred stock of Fannie Mae and Freddie Mac purchased by the Secretary.

Summary

No summaries available.

Cosponsors
4 cosponsors (4R) (show)
Committees

House Financial Services

Capital Markets and Government Sponsored Enterprises

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

H.R. stands for House of Representatives 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

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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.


7/7/2011--Introduced.
Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 - Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to prohibit a reduction in the rate of dividends paid on the Variable Liquidation Preference Senior Preferred Stock of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) purchased by the Secretary of the Treasury.

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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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.

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