S.Amdt. 2996
What it does: Adds SEC. __. AUDIT AND STUDY RELATING TO GOVERNMENT-SPONSORED ENTERPRISES wherever appropriate
Sen. Chuck Hagel (R-NE)What it changes
1 change to S. 2349
Adds SEC. __. AUDIT AND STUDY RELATING TO GOVERNMENT-SPONSORED ENTERPRISES wherever appropriate
Adds a sectionInserted: SEC. __. AUDIT AND STUDY RELATING TO GOVERNMENT-SPONSORED ENTERPRISES.
Inserted: (a) Annual Audits.--The Secretary of Housing and Urban Development shall annually conduct an audit of the Fannie Mae Foundation and the Freddie Mac Foundation, or any successors thereto.
Inserted: (b) Study and Report on Lobbying Activities.--
Inserted: (1) Study.--The Comptroller General of the United States shall conduct a study of the lobbying activities of government-sponsored entities to examine whether such activities further each of their congressionally chartered missions.
Inserted: (2) Report.--Not later than 1 year after the date of enactment of this Act, the Comptroller General shall submit a report to Congress on the results of the study under paragraph (1).
Inserted: (c) Definitions.--As used in this section, the term "government-sponsored enterprise" means--
Inserted: (1) the Federal National Mortgage Association and any affiliate thereof;
Inserted: (2) the Federal Home Loan Mortgage Corporation and any affiliate thereof; and
Inserted: (3) the Federal home loan banks.
The amendment doesn't say where this goes; the clerk decides.
Original wording
At the appropriate place, insert the following:
Read automatically from the Congressional Record. Check the original before relying on it.
As printed
SA 2996. Mr. HAGEL (for himself and Mr. Sununu) submitted an amendment intended to be proposed by him to the bill S. 2349, to provide greater transparency in the legislative process;
which was ordered to lie on the table; as follows:
At the appropriate place, insert the following:
SEC. __. AUDIT AND STUDY RELATING TO GOVERNMENT-SPONSORED ENTERPRISES.
(a) Annual Audits.--The Secretary of Housing and Urban Development shall annually conduct an audit of the Fannie Mae Foundation and the Freddie Mac Foundation, or any successors thereto.
(b) Study and Report on Lobbying Activities.--
(1) Study.--The Comptroller General of the United States shall conduct a study of the lobbying activities of government-sponsored entities to examine whether such activities further each of their congressionally chartered missions.
(2) Report.--Not later than 1 year after the date of enactment of this Act, the Comptroller General shall submit a report to Congress on the results of the study under paragraph (1).
(c) Definitions.--As used in this section, the term “government-sponsored enterprise” means--
(1) the Federal National Mortgage Association and any affiliate thereof;
(2) the Federal Home Loan Mortgage Corporation and any affiliate thereof; and
(3) the Federal home loan banks.
Legislative Activity
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Senate amendment submitted
March 9, 2006