Secondary Mortgage Market Enterprises Regulatory Improvement Act

Summary

Secondary Mortgage Market Enterprises Regulatory Improvement Act - Amends the Home Owners' Loan Act to rename the Office of Thrift Supervision as the Office of Housing Finance Supervision. Amends the Housing and Community Development Act of 1992 to transfer supervisory and regulatory authority over specified government sponsored enterprises (Fannie Mae and Freddie Mac) to the Director of the Office of Housing Finance Supervision from the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD) and from the Secretary of Housing and Urban Development. Requires the Director to ensure that the enterprises operate in a financially safe manner and remain adequately capitalized. Sets forth operating, administrative, and regulatory provisions, including: (1) public disclosure of information; (2) assessment authority; (3) authority to limit nonmission-related assets and set specified conforming loan limits; (4) establishment of a housing price index; (5) minimum and critical capital levels; (6) risk-based capital test; (7) capital classifications and undercapitalized enterprises; (8) receivership; (9) enforcement actions and penalties; and (10) reporting. Sets forth retained and new authorities of the Secretary. Abolishes the Office of Federal Housing Enterprise Oversight. Sets forth related transfer of personnel and facility and property provisions.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 24 June 2003

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 24 June 2003

   Introduced

   Introduced in House

   Source: IntroReferral

3. 24 June 2003

   Introduced

   Introduced in House

   Source: IntroReferral

4. 9 July 2003

   Referred

   Referred to the Subcommittee on Capital Markets, Insurance and Government Sponsored Enterprises.

   Source: Committee

5. 25 September 2003

   Committee

   Committee Hearings Held.

   Source: Committee

Votes

No vote records are attached yet.

Versions

• Introduced in House · 24 June 2003 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 24 June 2003

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 24 June 2003

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 24 June 2003

  Open at official source

  Leesvertaling

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  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Rep. Baker, Richard H. [R-LA-6] · R · Sponsor
• Rep. Ose, Doug [R-CA-3] · R · Sponsor
• Rep. Bachus, Spencer [R-AL-6] · R · Sponsor
• Rep. King, Peter T. [R-NY-2] · R · Sponsor
• Rep. Leach, James A. [R-IA-2] · R · Sponsor
• Rep. Shays, Christopher [R-CT-4] · R · Sponsor
• Rep. Linder, John [R-GA-7] · R · Sponsor
• Rep. Brown-Waite, Ginny [R-FL-5] · R · Sponsor
• Rep. Cox, Christopher [R-CA-48] · R · Sponsor
• Rep. Ryan, Paul [R-WI-1] · R · Sponsor
• Rep. Miller, Gary G. [R-CA-42] · R · Sponsor
• Rep. Renzi, Rick [R-AZ-1] · R · Sponsor
• Rep. Manzullo, Donald A. [R-IL-16] · R · Sponsor
• Rep. Hart, Melissa A. [R-PA-4] · R · Sponsor
• Rep. Hoekstra, Peter [R-MI-2] · R · Sponsor
• Rep. Jones, Walter B., Jr. [R-NC-3] · R · Sponsor
• Sen. Toomey, Patrick [R-PA] · R · Sponsor
• Rep. Hensarling, Jeb [R-TX-5] · R · Sponsor
• Rep. Gillmor, Paul E. [R-OH-5] · R · Sponsor
• Rep. Lucas, Frank D. [R-OK-3] · R · Sponsor
• Rep. Harris, Katherine [R-FL-13] · R · Sponsor
• David Scott · D · Cosponsor
• · hsba00 · Standing

Related records

No cross-record relationships stored yet.