To subject the income of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Student Loan Marketing Association to taxation by State and local governments, and to require the Mayor of the District of Columbia to submit a report to Congress on the economic impact of such entities on the District of Columbia.

Summary

Amends the Federal National Mortgage Association Charter Act, the Federal Home Loan Mortgage Corporation Act, and the Higher Education Act of 1965 to subject the Federal Home Loan Mortgage Corporation, the Student Loan Marketing Association, and the Federal National Mortgage Association (including their franchises, capital, reserves, surplus, mortgages or other security holdings, income, and real property) to all taxation imposed by any State, territory, possession, Commonwealth, or dependency of the United States, the District of Columbia, or by any county, municipality, or local taxation authority. Requires the Mayor of the District of Columbia to study and report to specified congressional committees on the economic impact on the District of the Associations' and Corporation's activities, including an analysis of the potential effects on the revenues of the District resulting from the amendments made by this Act.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 22 November 1993

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• Introduced in House (PDF)

  Introduced in House · EN · 22 November 1993

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• Introduced in House

  summary · EN · 22 November 1993

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