H.R. 1225 · 112th Congress
GSE Debt Issuance Approval Act of 2011
- Stage
- In committee
- Sponsor
- Steve Pearce
- Introduced
- 2011-03-29
- Latest action
- 2011-04-06 · Subcommittee Consideration and Mark-up Session Held.
Summary
GSE Debt Issuance Approval Act of 2011 - Amends the Housing and Community Development Act of 1992 to prohibit the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs) from issuing any debt security, obligation, or instrument unless it gets advance approval from the Secretary of the Treasury.