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United States · Bill · HR

H.R. 4653 (111th)

Accurate Accounting of Fannie Mae and Freddie Mac Act

referredUnited States· United States Congress· EN

Introduced

23 February 2010

Last action

23 February 2010 · Introduced

Status

Referred to House Financial Services

Sponsors

Rep. Garrett, Scott [R-NJ-5], Rep. Bachus, Spencer [R-AL-6], Rep. Quigley, Mike [D-IL-5], Rep. Hensarling, Jeb [R-TX-5], Rep. Cole, Tom [R-OK-4], Sen. Capito, Shelley Moore [R-WV], Rep. Gohmert, Louie [R-TX-1], Rep. Neugebauer, Randy [R-TX-19], Rep. Franks, Trent [R-AZ-8], Rep. Price, Tom [R-GA-6], Rep. Luetkemeyer, Blaine [R-MO-3], Rep. Royce, Edward R. [R-CA-39], Rep. Gingrey, Phil [R-GA-11], Rep. Rooney, Thomas J. [R-FL-17], Rep. Pitts, Joseph R. [R-PA-16], Rep. Marchant, Kenny [R-TX-24], Rep. Roe, David P. [R-TN-1], Rep. McHenry, Patrick T. [R-NC-10], Rep. Bartlett, Roscoe G. [R-MD-6], Rep. Posey, Bill [R-FL-8], Rep. Fleming, John [R-LA-4], Rep. Lee, Christopher J. [R-NY-26], Rep. Schmidt, Jean [R-OH-2], Rep. Lamborn, Doug [R-CO-5], Rep. Granger, Kay [R-TX-12], Rep. Fallin, Mary [R-OK-5], Rep. Lance, Leonard [R-NJ-7], Rep. King, Steve [R-IA-4], Rep. Chaffetz, Jason [R-UT-3], Rep. Bilbray, Brian P. [R-CA-50], Rep. Bachmann, Michele [R-MN-6], Rep. Bishop, Rob [R-UT-1], Rep. Herger, Wally [R-CA-2], Rep. Fortenberry, Jeff [R-NE-1], Rep. McMorris Rodgers, Cathy [R-WA-5], Rep. Alexander, Rodney [R-LA-5], Rep. Jones, Walter B., Jr. [R-NC-3], Rep. Duncan, John J., Jr. [R-TN-2], Rep. Hoekstra, Peter [R-MI-2], Rep. Emerson, Jo Ann [R-MO-8], Rep. Rehberg, Denny [R-MT-At Large], Rep. King, Peter T. [R-NY-2], Rep. McCotter, Thaddeus G. [R-MI-11], Rep. Simpson, Michael K. [R-ID-2], Rep. Foxx, Virginia [R-NC-5], Rep. Johnson, Sam [R-TX-3], Rep. Olson, Pete [R-TX-22], Sen. Lummis, Cynthia M. [R-WY]

Subjects

Budget

Source updated

14 August 2025

Budget

Summary

Accurate Accounting of Fannie Mae and Freddie Mac Act - Requires the receipts and disbursements of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to be counted as new budget authority, outlays, receipts, or deficit or surplus for purposes of: (1) the federal budget submitted by the President; (2) the congressional budget; or (3) the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act). Requires the costs of purchases of mortgages, and mortgage-backed securities issued, by Fannie Mae and Freddie Mac to be calculated by adjusting a specified discount rate for market risks under the Credit Reform Act of 1990. Subjects to the statutory public debt limit the face amount of obligations issued by Fannie Mae and Freddie Mac and outstanding at one time.

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

Timeline

  1. 23 February 2010

    Introduced

    Referred to House Budget

    Source: IntroReferral

  2. 23 February 2010

    Introduced

    Referred to the Committee on the Budget, and in addition to the Committees on Ways and Means, and Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

    Source: IntroReferral

  3. 23 February 2010

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 23 February 2010

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

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Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 23 February 2010

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  • Introduced in House (PDF)

    Introduced in House · EN · 23 February 2010

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  • Introduced in House

    summary · EN · 23 February 2010

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Sponsors

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Related records

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Sources

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