US Congress House Bill 1224 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 6-0)
Status: Introduced on March 29 2011 - 25% progression, died in chamber
Action: 2011-04-06 - Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 20 - 14 .
Text: Latest bill text (Introduced) [PDF]

GSE Portfolio Risk Reduction Act of 2011 - Amends the Housing and Community Development Act of 1992 to prohibit the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs) from owning mortgage assets in excess of: (1) $700 billion one year after enactment of this Act; (2) $600 billion two years after enactment of this Act; (3) $475 billion three years after enactment of this Act; (4) $350 billion four years after enactment of this Act; and (5) $250 billion five years after enactment of this Act.

GSE Portfolio Risk Reduction Act of 2011

Rep. Jeb Hensarling [R-TX]	Rep. Spencer Bachus [R-AL]	Rep. Francisco Canseco [R-TX]	Sen. Shelley Capito [R-WV]
Rep. Scott Garrett [R-NJ]	Rep. Stevan Pearce [R-NM]

Date	Chamber	Action
2011-04-06	House	Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 20 - 14 .
2011-04-06	House	Subcommittee Consideration and Mark-up Session Held.
2011-04-05	House	Subcommittee Consideration and Mark-up Session Held.
2011-04-04	House	Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
2011-03-31	House	Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Referral.
2011-03-29	House	Referred to the House Committee on Financial Services.

HB408 (Related) 2011-03-23 - Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
HB1182 (Related) 2011-04-04 - Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
SB178 (Related) 2011-01-25 - Read twice and referred to the Committee on Finance.
SB693 (Related) 2011-03-31 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/1224/all-info
Text	https://www.congress.gov/112/bills/hr1224/BILLS-112hr1224ih.pdf