H.R. 2440 · 112th Congress
Market Transparency and Taxpayer Protection Act of 2011
- Stage
- In committee
- Sponsor
- Robert Hurt
- Introduced
- 2011-07-07
- Latest action
- 2011-07-12 · Subcommittee Consideration and Mark-up Session Held.
Summary
Market Transparency and Taxpayer Protection Act of 2011 - Directs the Director of the Federal Housing Finance Agency to require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs) to identify to the Director all assets of value of the GSE and their functions, characteristics, and estimated value. Requires the Director then to: (1) determine which assets are critical, and which are not critical, to carrying out the GSE's mission; and (2) establish plans annually for the sale or other disposition of any non-mission critical assets.