United States · Bill · S
S. 2038 (114th)
Jumpstart GSE Reform Act
Introduced
16 September 2015
Last action
16 September 2015 · Introduced
Status
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Sponsors
Sen. Corker, Bob [R-TN], Sen. Warner, Mark R. [D-VA], Sen. Vitter, David [R-LA], Sen. Warren, Elizabeth [D-MA]
Subjects
Housing, Budget
Source updated
12 August 2025
Summary
Jumpstart GSE Reform Act Prohibits the use of an increase in the guarantee fee required to be charged by the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or any affiliate of such organizations (enterprises) to offset an increase in outlays or a reduction in revenues for any purposes other than those related to the enterprises' business functions under: (1) the congressional budget, (2) the Balanced Budget and Emergency Deficit Control Act of 1985 (Gramm-Rudman-Hollings Act), or (3) the Statutory Pay-As-You-Act 2010. Prohibits the Department of the Treasury from selling, transferring, relinquishing, liquidating, divesting, or otherwise disposing of any outstanding shares of senior preferred stock acquired pursuant to a specified Senior Preferred Stock Purchase Agreement between Treasury and an enterprise until Congress has passed and the President has signed into law legislation that includes a specific instruction to Treasury regarding the sale, transfer, relinquishment, liquidation, divestiture, or other disposition of the senior preferred stock so acquired.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
16 September 2015
Introduced
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Source: IntroReferral
16 September 2015
Introduced
Introduced in Senate
Source: IntroReferral
Votes
No vote records are attached yet.
Versions
- Introduced in Senate · 16 September 2015 · Download file
Documents
3 official files
Introduced in Senate (text)
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Introduced in Senate (text)
Introduced in Senate · EN · 16 September 2015
Introduced in Senate (PDF)
Introduced in Senate · EN · 16 September 2015
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Introduced in Senate
summary · EN · 16 September 2015
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Sponsors
- Sen. Corker, Bob [R-TN] · R · Sponsor
- Sen. Warner, Mark R. [D-VA] · D · Sponsor
- Sen. Vitter, David [R-LA] · R · Sponsor
- Sen. Warren, Elizabeth [D-MA] · D · Sponsor
- · ssbk00 · Standing
Related records
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/114th-congress/senate-bill/2038
- Open data entity: https://api.congress.gov/v3/bill/114/s/2038
- us · 114-s-2038 · source updated 12 August 2025