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H.R. 5823 (112th): Saving Taxpayers from Unnecessary GSE Bulk Sale Programs Act of 2012

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


5/17/2012--Introduced. Saving Taxpayers from Unnecessary GSE Bulk Sale Programs Act of 2012 - Prohibits the Director of the Federal Housing Finance Agency from: (1) disposing of any real estate owned by it, by the Federal National Mortgage Association (Fannie Mae), or by the Federal Home Loan Mortgage Corporation (Freddie Mac) located in California under any initiative for bulk sales of such real estate; and (2) carrying out such initiative.