118th Congress · HOUSE BILLBILL

H.R. 5549End of GSE Conservatorship Preparation Act of 2023

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.

Finance and financial sector
Introduced Sep 18, 2023
Last action Sep 18, 2023
Pipeline · Bill → Law
Step 1
Introduced
Sep 18, 2023
Step 2
Referred
Sep 18, 2023
Financial Services
Step 3
Committee
Step 4
House floor
Step 5
Senate
Step 6
Resolve Changes
Step 7
Signed
SummaryCRS Summary

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.)   

Provisions · 2 sectionsIntroduced in House
Timeline · 2 actions
Sep 18, 2023
Introduced in House
Sep 18, 2023
Referred to the House Committee on Financial Services.