To amend the District of Columbia Self-Government and Governmental Reorganization Act to permit the District of Columbia 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 the District of Columbia, to require the Federal National Mortgage Association to maintain its principal office in the District of Columbia, 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 District of Columbia Self-Government and Governmental Reorganization Act to: (1) include within the legislative power of the District of Columbia the power to subject the income of the Federal National Mortgage Association (FNMA), the Federal Home Loan Mortgage Corporation (FHLMC), and the Student Loan Marketing Association (SLMA) to taxation for any taxable year, beginning with 1994; and (2) require FNMA to maintain its principal office in the District. Directs the Mayor to study and report to specified congressional committees on the economic impact on the District of the activities of the FNMA, FHLMC, and SLMA, including an analysis of the potential effects on District revenues of permitting the District to subject such enterprises to taxation.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 10 February 1994

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• Introduced in House (PDF)

  Introduced in House · EN · 10 February 1994

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• Introduced in House

  summary · EN · 10 February 1994

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