To clarify that GSEs have no responsibility for funding housing entities under the Affordable Housing program.

SA 4986. Mr. BOND proposed an amendment to amendment SA 4983 proposed
by Mr. Reid (for Mr. Dodd (for himself and Mr. Shelby)) to the bill
H.R. 3221, moving the United States toward greater energy independence
and security, developing innovative new technologies, reducing carbon
emissions, creating green jobs, protecting consumers, increasing clean
renewable energy production, and modernizing our energy infrastructure,
and to amend the Internal Revenue Code of 1986 to provide tax
incentives for the production of renewable energy and energy
conservation; as follows:

Insert the following at the appropriate place:
Sec. xxx. Notwithstanding any other provision of law,
Fannie Mae and Freddie Mac shall not be responsible for any
payments either directly or indirectly to other Housing
entities under the Affordable Housing program unless these
GSEs voluntarily provide funding. None of these funds shall
be used for soft program costs, including staff costs.
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