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End of GSE Conservatorship Preparation Act of 2025
3/12/2025, 6:19 PM
Summary of Bill HR 1209
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.
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.
Congressional Summary of HR 1209
End of GSE Conservatorship Preparation Act of 2025
This bill requires the Department of the Treasury to report to Congress on the status of proposals to establish a timeline and process (1) to end the conservatorship of Fannie Mae and Freddie Mac by the Federal Housing Finance Agency, and (2) for Treasury to resolve its investment in Fannie Mae and Freddie Mac. (As a result of the financial crisis, Fannie Mae and Freddie Mac entered into a conservatorship in 2008 with the Federal Housing Finance Agency. As part of this agreement, Treasury provided funds to support the solvency of Fannie Mae and Freddie Mac.)
Read the Full Bill
Current Status of Bill HR 1209
Bill HR 1209 is currently in the status of Bill Introduced since February 11, 2025. Bill HR 1209 was introduced during Congress 119 and was introduced to the House on February 11, 2025. Bill HR 1209's most recent activity was Referred to the House Committee on Financial Services. as of February 11, 2025
Bipartisan Support of Bill HR 1209
Total Number of Sponsors
1Democrat Sponsors
0Republican Sponsors
1Unaffiliated Sponsors
0Total Number of Cosponsors
0Democrat Cosponsors
0Republican Cosponsors
0Unaffiliated Cosponsors
0Policy Area and Potential Impact of Bill HR 1209
Primary Policy Focus
Finance and Financial SectorAlternate Title(s) of Bill HR 1209
To require the Secretary of the Treasury to submit to the Congress completed proposals for the termination of the conservatorships of Fannie Mae and Freddie Mac, and for other purposes.
To require the Secretary of the Treasury to submit to the Congress completed proposals for the termination of the conservatorships of Fannie Mae and Freddie Mac, and for other purposes.
Comments
Sponsors and Cosponsors of HR 1209
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