About the bill
This bill would make Fannie Mae and Freddie Mac subject to the requirements of the Freedom of Information Act, which would make their records available to the public on request.
The Federal National Mortgage Association (“Fannie Mae”) and the Federal Home Loan Mortgage Corporation (“Freddie Mac”) are government-sponsored enterprises (private corporations with federal charters that confer special privileges) that buy mortgages from lenders and either hold those mortgages in their portfolios or package the loans into mortgage-backed securities that may be sold.
To stabilize the housing market in the aftershock of the financial crisis, the Federal Housing Finance Agency (FHFA) used its authority in 2008 to place Fannie Mae and Freddie Mac into its conservatorship. In conservatorship, the government takes control of a failing financial institution with the goal of …
Sponsor and status
115th Congress (2017–2019)
This bill was introduced in a previous session of Congress and was passed by the House on April 27, 2017 but was never passed by the Senate.
Although this bill was not enacted, its provisions could have become law by being included in another bill. It is common for legislative text to be introduced concurrently in multiple bills (called companion bills), re-introduced in subsequent sessions of Congress in new bills, or added to larger bills (sometimes called omnibus bills).
11 Cosponsors (11 Republicans)
Position statements
What legislators are saying
“House passes Johnson amendment to protect privacy and sensitive information”
—
Rep. Henry “Hank” Johnson [D-GA4]
on Apr 28, 2017
“On the House Floor This Week - 4/24/17”
—
Rep. John Delaney [D-MD6, 2013-2018]
on Apr 24, 2017
“Loudermilk: Every Government Enterprise Should Be Subject to Oversight”
—
Rep. Barry Loudermilk [R-GA11]
on Apr 28, 2017
More statements at ProPublica Represent...
What stakeholders are saying
History
H.R. 1694 (115th) was a bill in the United States Congress.
A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.
Bills numbers restart every two years. That means there are other bills with the number H.R. 1694. This is the one from the 115th Congress.
This bill was introduced in the 115th Congress, which met from Jan 3, 2017 to Jan 3, 2019. Legislation not passed by the end of a Congress is cleared from the books.
How to cite this information.
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“H.R. 1694 — 115th Congress: Fannie and Freddie Open Records Act of 2017.” www.GovTrack.us. 2017. May 18, 2022 <https://www.govtrack.us/congress/bills/115/hr1694>
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Where is this information from?
GovTrack automatically collects legislative information from a variety of governmental and non-governmental sources. This page is sourced primarily from Congress.gov, the official portal of the United States Congress. Congress.gov is generally updated one day after events occur, and so legislative activity shown here may be one day behind. Data via the congress project.
