Bill 119 hr 1209, also known as the "Fannie Mae and Freddie Mac Termination Act," is a proposed piece of legislation that aims to require the Secretary of the Treasury to present to Congress detailed plans for ending the conservatorships of Fannie Mae and Freddie Mac. These two government-sponsored enterprises have been under government control since the 2008 financial crisis, and this bill seeks to establish a clear path for their eventual release. The bill mandates that the Secretary of the Treasury must submit completed proposals to Congress outlining the steps and timeline for terminating the conservatorships of Fannie Mae and Freddie Mac. Additionally, the bill includes provisions for ensuring that the termination process is conducted in a manner that protects taxpayers and promotes stability in the housing market. Overall, the goal of Bill 119 hr 1209 is to bring transparency and accountability to the process of ending the conservatorships of Fannie Mae and Freddie Mac, while also safeguarding the interests of taxpayers and the housing market as a whole.
Bill 119 hr 1209, also known as the "Fannie Mae and Freddie Mac Termination Act," is a proposed piece of legislation that aims to require the Secretary of the Treasury to present to Congress detailed plans for ending the cons...