Federal Enterprise Oversight Act of 1991

Summary

Federal Enterprise Oversight Act of 1991 - Title I: Establishment of the Federal Enterprise Oversight Board - Establishes the Federal Enterprise Oversight Board to oversee the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association, the Federal Housing Finance Board, the Federal Agricultural Mortgage Corporation, and specified agricultural credit institutions. Title II: Supervision and Regulation - Directs the Board to establish operating standards for each enterprise, including: (1) management and internal controls; (2) assets and earnings; (3) minimum and insufficient capital; and (4) compensation and benefits. Requires each enterprise to report quarterly and annually to the Federal Enterprise Regulatory Board. Directs the Board to appoint examiners to examine the enterprises. Title III: Miscellaneous Provision - Sets forth the effective date of this Act.

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2 official files

• Introduced in House (text)

  Introduced in House · EN

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 17 October 1991

  Open at official source

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