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H.R. 5505House114th Congress (2015-2017)In Committee

GSE Review and Reform Act of 2016

Sponsored by J. French HillRep. J. French Hill (R-AR)
Introduced June 16, 2016

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Referred to the House Committee on Financial Services.

Financial Services Committee

June 16, 2016

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HouseIntro Referral

Introduced in House

June 16, 2016

HouseIntro Referral

Referred to the House Committee on Financial Services.

Financial Services Committee

June 16, 2016

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Introduced in HouseIssued June 16, 2016

I

114th CONGRESS

2d Session

H. R. 5505

IN THE HOUSE OF REPRESENTATIVES

June 16, 2016

Mr. Hill introduced the following bill; which was referred to the Committee on Financial Services

A BILL

To amend the Consumer Financial Protection Act of 2010 to require annual studies on ending the conservatorship of Fannie Mae, Freddie Mac, and for other purposes.

1.

Short title

This Act may be cited as the GSE Review and Reform Act of 2016.

2.

Annual studies on ending the conservatorship of Fannie Mae, Freddie Mac, and reforming the housing finance system

Section 1074 of the Consumer Financial Protection Act of 2010 is amended—

(1)

in subsection (a)—

(A)

in paragraph (1), by inserting after Secretary of the Treasury shall the following: , on an annual basis,; and

(B)

in paragraph (2), by striking The study and inserting Each study;

(2)

by amending subsection (b) to read as follows:

(b)

Report and recommendations

The Secretary of the Treasury shall submit a report on each study required under subsection (a), along with recommendations developed in such study, to the President, the Committee on Banking, Housing, and Urban Affairs of the Senate, and the Committee on Financial Services of the House of Representatives.

; and

(3)

by adding at the end the following:

(c)

Appearances before Congress

The Secretary of the Treasury shall appear before the Committee on Banking, Housing, and Urban Affairs of the Senate and the Committee on Financial Services of the House of Representatives at annual hearings regarding each report required under subsection (b).

.