Top Legislation - View All
Also tagged in: Bank fraud, Department of Housing and Urban Development, Executive departments, Executive reorganization, Federal advisory bodies, Federal home loan banks, Federal Housing Finance Board, Finance, Fraud, Housing, Information disclosure (Securities law), Investments, Lobbying, Mortgages, Politics and government, Secondary mortgage market, Securities regulation, Single family housing
Latest Action: 04/12/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to address the regulation of secondary mortgage market enterprises, and for other purposes. 4/12/2007--Introduced. Federal Housing Enterprise Regulatory Reform Act of 2007 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish in lieu of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD), an independent Federal Housing Enterprise Regulatory Agency, headed by a Director, which shall have authority over: the Federal Home Loan Banks, the Finance Facility, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac). Establishes the Federal Housing Enterprise Board, without executive authority, to advise the Director. Sets forth operating, administrative, and regulatory provisions of the Agency, including: (1) assessment authority; (2) authority to limit nonmission-related assets; (3) minimum and critical [...] show full description
Also tagged in: Bank examination, Bank holding companies, Bank management, Bank mergers, Bank records, Business, Deposit insurance, Finance, Foreign banks and banking, International finance, Nonbank banks, Subsidiary corporations
Latest Action: 05/10/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to amend the Federal Deposit Insurance Act to establish industrial bank holding company regulation, and for other purposes. 5/10/2007--Introduced. Industrial Bank Holding Company Act of 2007 - Amends the Federal Deposit Insurance Act (FDIA) to apply the bank share or asset acquisition requirements of the Bank Holding Company Act of 1956 to any company that is or would become an industrial bank holding company.Subjects an industrial bank to Federal Deposit Insurance Corporation (FDIC) requirements regarding registration, reporting, and bank examinations. Prohibits the FDIC from imposing capital or capital adequacy requirements on functionally regulated affiliates of any depository institution controlled by industrial bank holding companies meeting certain criteria. Requires a federal supervisory agency of an industrial bank holding company to forego examination of any depository institution subsidiary of the holding company. Authorizes the [...] show full description
Also tagged in: Actions and defenses, Administrative fees, Administrative procedure, Advice and consent of the Senate, Affordable housing, Aged, Apartment houses, Auditing, Bank examination, Bank loans, Bank mergers, Bank reserves, Bankruptcy, Budgets, Business, Charitable contributions, Children, Community development banking, Conflict of interests, Congress, Congressional investigations, Congressional reporting requirements, Contracts, Corporate governance, Corporate philanthropy, Corporation directors, Criminal justice, Damages, Day care, Department of Housing and Urban Development, Depressed areas, Economic policy, Employee rights, Energy, Energy conservation, Energy conservation in buildings, Energy efficiency, Environmental protection, Executive compensation, Executive departments, Executive reorganization, Federal advisory bodies, Federal aid to housing, Federal employees, Federal home loan banks, Federal Housing Finance Board, Finance, Financial statements, Fines (Penalties), Fraud, Government corporations, Government employees, Government information, Government paperwork, Government publicity, Government trust funds, Home ownership, Housing, Housing finance, Housing subsidies, Income tax, Information disclosure (Securities law), Injunctions, Interest rates, Judicial review, Labor, Law, Leases, Liability (Law), Liens, Limitation of actions, Low-income housing, Medical care, Medicine, Minorities, Minorities in government, Minority business enterprises, Minority employment, Money laundering, Mortgage banks, Mortgages, Nonprofit organizations, Nursing homes, Ombudsman, Politics and government, Presidential appointments, Presidents, Price indexes, Rent, Rental housing, Rural affairs, Rural housing, Secondary mortgage market, Securities regulation, Single family housing, Social services, Standards, Stocks, Sunset legislation, Tax credits, Taxation, Transfer of employees, Welfare, Women, Women in business, Women in government, Women's employment
Latest Action: 05/24/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo reform the regulation of certain housing-related Government-sponsored enterprises, and for other purposes. 5/22/2007--Passed House amended. (There are 2 other summaries) Federal Housing Finance Reform Act of 2007 - Title I: Reform of Regulation of Enterprises and Federal Home Loan Banks - Subtitle A: Improvement of Safety and Soundness - (Sec. 101) Amends the Housing and Community Development Act of 1992 (Act) to establish, in place of the present Office of Federal Housing Enterprise Oversight, a Federal Housing Finance Agency (FHFA), headed by a Director (Director) possessing general supervisory and regulatory authority over the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the federal home loan banks ("the regulated entities"). (Sec. 102) Requires the Director to establish standards for each regulated entity, especially standards relating to: (1) [...] show full description
Also tagged in: Administrative procedure, Bank loans, Bank management, Bank mergers, Business, Credit unions, Department of the Treasury, Deposit insurance, Disasters, Emergency management, Executive departments, Executive reorganization, Federal Deposit Insurance Corporation, Federal reserve system, Finance, Investments, Law, Leases, National Credit Union Administration, Risk, Savings banks, Securities
Latest Action: 03/15/2007 - Referred to the House Committee on Financial Services. Bill TextTo modernize credit union net worth standards, advance credit union efforts to promote economic growth, and modify credit union regulatory standards and reduce burdens, and for other purposes. 3/15/2007--Introduced. Credit Union Regulatory Improvements Act of 2007 - Amends the Federal Credit Union Act to reduce the minimum net worth ratio requirements of credit unions. Revises the minimum risk-based net ratio for such capitalizations. Transfers from the federal banking agencies to the Federal Deposit Insurance Corporation (FDIC) the authority to adjust the net worth levels of credit unions. Instructs the National Credit Union Administration Board (Board) to design the risk-based net worth requirement to take account of material risks to insured credit unions that are taken account of by comparable standards applicable to FDIC-insured institutions. Establishes a temporary waiver of the net worth restoration plan requirement for an undercapitalized [...] show full description
Also tagged in: Administrative procedure, Air pollution, Air pollution control, Alternative energy sources, Architecture and the disabled, Asbestos, Bank loans, Budgets, Building construction, Building materials, Congress, Congressional oversight, Construction costs, Construction industries, Construction workers, Department of the Treasury, Disabled, Education, Elementary and secondary education, Elementary education, Energy, Energy conservation, Energy conservation in buildings, Energy efficiency, Environmental health, Environmental protection, Executive departments, Federal aid to education, Finance, Government contractors, Government lending, Hazardous substances, Humanities, Indoor air pollution, Infrastructure, Infrastructure (Economics), Interstate compacts, Labor, Law, Libraries, Lighting, Maintenance and repair, Minimum wages, Public contracts, School buildings, School districts, Secondary education, Standards, State and local government, State finance, Wages, Water resources, Water use
Latest Action: 07/24/2007 - Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education. Bill TextTo establish State infrastructure banks for education. 6/5/2007--Introduced. Investing for Tomorrow's Schools Act of 2007 - Authorizes the Secretary of the Treasury to enter into cooperative agreements with states for the establishment of state infrastructure banks and multistate infrastructure banks for making loans to local educational agencies and public libraries for building or repairing public elementary or secondary schools and public library facilities. Grants congressional consent to states for interstate compacts to establish multistate infrastructure banks. Directs the Secretary to make grants to such banks to provide initial capital for such loans. Requires states to contribute from nonfederal sources at least 25% of the amount of each federal capitalization grant made to the state and contributed to the bank. Lists types of projects eligible for such bank loans. Directs the Secretary to establish Healthy, High Performance [...] show full description
Also tagged in: Banks and banking, Community development, Community development banking, Depressed areas, Economic policy, Finance, Housing, Infrastructure, Investments, Job creation, Law, Liability (Law), Rural affairs, Savings and loan associations, Urban affairs
Latest Action: 02/28/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo increase community development investments by depository institutions, and for other purposes. 2/27/2007--Passed House without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Depository Institution Community Development Investments Enhancement Act - Amends the Home Owners' Loan Act to revise requirements for community development investments by federal savings associations. Authorizes a federal savings association to make investments, directly or indirectly, each of which is designed primarily to promote the public welfare, including the welfare of low- and moderate-income communities or families through the provision of housing, services, and jobs (community development investments). Permits such investments to be made directly or by purchase of interests in an entity primarily engaged in making such investments. Prohibits [...] show full description
Also tagged in: Administrative fees, Auditing, Bank loans, Banks and banking, Budgets, Building construction, Business, Business records, Buy American, Capital investments, Collection of accounts, Collective bargaining, Construction costs, Construction industries, Construction workers, Education, Educational facilities, Elementary and secondary education, Executive departments, Executive reorganization, Federal budgets, Federal-Indian relations, Finance, Government contractors, Government corporations, Government information, Government paperwork, Government spending reductions, Higher education, Indian lands, Indians, Industrial relations, Infrastructure, Infrastructure (Economics), Interest rates, Iron, Iron and steel industry, Labor, Labor contracts, Labor disputes, Law, Loan defaults, Local finance, Minimum wages, Minorities, Mortgages, Open market operations, Politics and government, Public buildings, Public contracts, Public schools, School buildings, State and local government, State finance, State politics and government, Steel, Stocks, Subcontractors, Trade, Wages
Latest Action: 08/04/2007 - Referred to the Subcommittee on Aviation. Bill TextTo fund capital projects of State and local governments, and for other purposes. 8/3/2007--Introduced. Rebuilding America's Infrastructure - Establishes the Federal Bank for Infrastructure Modernization. Authorizes the Bank to make loans to any state, local government, Indian tribe, and regional or multistate organization for the development of certain transportation- and educational- and water and hazardous treatment-related capital infrastructure facility projects. Sets forth specified requirements with respect to: (1) loan and borrower eligibility; and (2) compliance with the Americans with Disabilities Act of 1990, the Buy American Act, and the Davis-Bacon Act (wages) as they relate to the development of such projects.
Also tagged in: Administrative procedure, Bank loans, Bank mergers, Business, Churches, Credit unions, Executive departments, Finance, Government information, Government paperwork, Investments, Law, National Credit Union Administration, Nonprofit organizations, Religion, Securities, Small business, Social services
Latest Action: 03/03/2008 - Referred to the House Committee on Financial Services. Bill TextTo advance credit union efforts to promote economic growth, modify credit union regulatory standards and reduce burdens, and for other purposes. 3/3/2008--Introduced. Credit Union Regulatory Relief Act of 2008 - Amends the Federal Credit Union Act to: (1) permit a credit union to invest in securities for its own account, subject to certain percentage limitations; and (2) increase the investment and lending limit in credit union service organizations from 1% to 3% of a credit union's total paid and unimpaired capital and surplus. Excludes credit union loans to nonprofit religious organizations from limitations placed upon member business loans. Redefines member business loan to increase specified extensions of credit.Authorizes the National Credit Union Administration Board (Board) to establish longer loan maturity dates.Directs the Board to prescribe criteria for continued membership of certain member groups in the case of certain credit union conversions [...] show full description
Also tagged in: Banks and banking, Community development, Community development banking, Depressed areas, Economic policy, Finance, Housing, Infrastructure, Investments, Job creation, Law, Liability (Law), Rural affairs, Savings and loan associations, Urban affairs
Latest Action: 12/14/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to increase community development investments by depository institutions, and for other purposes. 12/14/2007--Introduced. Depository Institution Community Development Investments Enhancement Act - Amends the Home Owners' Loan Act to revise requirements for community development investments by federal savings associations. Authorizes a federal savings association to make investments, directly or indirectly, each of which is designed primarily to promote the public welfare, including the welfare of low- and moderate-income communities or families through the provision of housing, services, and jobs (community development investments). Permits such investments to be made directly or by purchase of interests in an entity primarily engaged in making such investments. Prohibits a federal savings association from making an investment which would subject it to unlimited liability to any person. Requires the Director of the Office of Thrift Supervision [...] show full description
Also tagged in: Administrative procedure, Bank loans, Bank management, Bank mergers, Business, Credit unions, Department of the Treasury, Deposit insurance, Disasters, Emergency management, Executive departments, Executive reorganization, Federal Deposit Insurance Corporation, Federal reserve system, Finance, Investments, Law, Leases, National Credit Union Administration, Risk, Savings banks, Securities
Latest Action: 05/01/2008 - Sponsor introductory remarks on measure. (CR S3708-3710) Bill TextA bill to modernize credit union net worth standards, advance credit union efforts to promote economic growth, and modify credit union regularity standards and reduce burdens, and for other purposes. 5/1/2008--Introduced. Credit Union Regulatory Improvements Act of 2008 - Amends the Federal Credit Union Act to reduce the minimum net worth ratio requirements of credit unions. Revises the minimum risk-based net ratio for such capitalizations.Transfers from the federal banking agencies to the Federal Deposit Insurance Corporation (FDIC) the authority to adjust the net worth levels of credit unions.Instructs the National Credit Union Administration Board (Board) to design the risk-based net worth requirement to take account of material risks to insured credit unions that are taken account of by comparable standards applicable to FDIC-insured institutions.Establishes a temporary waiver of the net worth restoration plan requirement for an undercapitalized [...] show full description
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Latest Legislation - View All
Also tagged in: Administrative procedure, Bank loans, Bank management, Bank mergers, Business, Credit unions, Department of the Treasury, Deposit insurance, Disasters, Emergency management, Executive departments, Executive reorganization, Federal Deposit Insurance Corporation, Federal reserve system, Finance, Investments, Law, Leases, National Credit Union Administration, Risk, Savings banks, Securities
Latest Action: 05/01/2008 - Sponsor introductory remarks on measure. (CR S3708-3710) Bill TextA bill to modernize credit union net worth standards, advance credit union efforts to promote economic growth, and modify credit union regularity standards and reduce burdens, and for other purposes. 5/1/2008--Introduced. Credit Union Regulatory Improvements Act of 2008 - Amends the Federal Credit Union Act to reduce the minimum net worth ratio requirements of credit unions. Revises the minimum risk-based net ratio for such capitalizations.Transfers from the federal banking agencies to the Federal Deposit Insurance Corporation (FDIC) the authority to adjust the net worth levels of credit unions.Instructs the National Credit Union Administration Board (Board) to design the risk-based net worth requirement to take account of material risks to insured credit unions that are taken account of by comparable standards applicable to FDIC-insured institutions.Establishes a temporary waiver of the net worth restoration plan requirement for an undercapitalized [...] show full description
Also tagged in: Administrative procedure, Bank loans, Bank mergers, Business, Churches, Credit unions, Executive departments, Finance, Government information, Government paperwork, Investments, Law, National Credit Union Administration, Nonprofit organizations, Religion, Securities, Small business, Social services
Latest Action: 03/03/2008 - Referred to the House Committee on Financial Services. Bill TextTo advance credit union efforts to promote economic growth, modify credit union regulatory standards and reduce burdens, and for other purposes. 3/3/2008--Introduced. Credit Union Regulatory Relief Act of 2008 - Amends the Federal Credit Union Act to: (1) permit a credit union to invest in securities for its own account, subject to certain percentage limitations; and (2) increase the investment and lending limit in credit union service organizations from 1% to 3% of a credit union's total paid and unimpaired capital and surplus. Excludes credit union loans to nonprofit religious organizations from limitations placed upon member business loans. Redefines member business loan to increase specified extensions of credit.Authorizes the National Credit Union Administration Board (Board) to establish longer loan maturity dates.Directs the Board to prescribe criteria for continued membership of certain member groups in the case of certain credit union conversions [...] show full description
Also tagged in: Banks and banking, Community development, Community development banking, Depressed areas, Economic policy, Finance, Housing, Infrastructure, Investments, Job creation, Law, Liability (Law), Rural affairs, Savings and loan associations, Urban affairs
Latest Action: 12/14/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to increase community development investments by depository institutions, and for other purposes. 12/14/2007--Introduced. Depository Institution Community Development Investments Enhancement Act - Amends the Home Owners' Loan Act to revise requirements for community development investments by federal savings associations. Authorizes a federal savings association to make investments, directly or indirectly, each of which is designed primarily to promote the public welfare, including the welfare of low- and moderate-income communities or families through the provision of housing, services, and jobs (community development investments). Permits such investments to be made directly or by purchase of interests in an entity primarily engaged in making such investments. Prohibits a federal savings association from making an investment which would subject it to unlimited liability to any person. Requires the Director of the Office of Thrift Supervision [...] show full description
Also tagged in: Administrative fees, Auditing, Bank loans, Banks and banking, Budgets, Building construction, Business, Business records, Buy American, Capital investments, Collection of accounts, Collective bargaining, Construction costs, Construction industries, Construction workers, Education, Educational facilities, Elementary and secondary education, Executive departments, Executive reorganization, Federal budgets, Federal-Indian relations, Finance, Government contractors, Government corporations, Government information, Government paperwork, Government spending reductions, Higher education, Indian lands, Indians, Industrial relations, Infrastructure, Infrastructure (Economics), Interest rates, Iron, Iron and steel industry, Labor, Labor contracts, Labor disputes, Law, Loan defaults, Local finance, Minimum wages, Minorities, Mortgages, Open market operations, Politics and government, Public buildings, Public contracts, Public schools, School buildings, State and local government, State finance, State politics and government, Steel, Stocks, Subcontractors, Trade, Wages
Latest Action: 08/04/2007 - Referred to the Subcommittee on Aviation. Bill TextTo fund capital projects of State and local governments, and for other purposes. 8/3/2007--Introduced. Rebuilding America's Infrastructure - Establishes the Federal Bank for Infrastructure Modernization. Authorizes the Bank to make loans to any state, local government, Indian tribe, and regional or multistate organization for the development of certain transportation- and educational- and water and hazardous treatment-related capital infrastructure facility projects. Sets forth specified requirements with respect to: (1) loan and borrower eligibility; and (2) compliance with the Americans with Disabilities Act of 1990, the Buy American Act, and the Davis-Bacon Act (wages) as they relate to the development of such projects.
Also tagged in: Administrative procedure, Air pollution, Air pollution control, Alternative energy sources, Architecture and the disabled, Asbestos, Bank loans, Budgets, Building construction, Building materials, Congress, Congressional oversight, Construction costs, Construction industries, Construction workers, Department of the Treasury, Disabled, Education, Elementary and secondary education, Elementary education, Energy, Energy conservation, Energy conservation in buildings, Energy efficiency, Environmental health, Environmental protection, Executive departments, Federal aid to education, Finance, Government contractors, Government lending, Hazardous substances, Humanities, Indoor air pollution, Infrastructure, Infrastructure (Economics), Interstate compacts, Labor, Law, Libraries, Lighting, Maintenance and repair, Minimum wages, Public contracts, School buildings, School districts, Secondary education, Standards, State and local government, State finance, Wages, Water resources, Water use
Latest Action: 07/24/2007 - Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education. Bill TextTo establish State infrastructure banks for education. 6/5/2007--Introduced. Investing for Tomorrow's Schools Act of 2007 - Authorizes the Secretary of the Treasury to enter into cooperative agreements with states for the establishment of state infrastructure banks and multistate infrastructure banks for making loans to local educational agencies and public libraries for building or repairing public elementary or secondary schools and public library facilities. Grants congressional consent to states for interstate compacts to establish multistate infrastructure banks. Directs the Secretary to make grants to such banks to provide initial capital for such loans. Requires states to contribute from nonfederal sources at least 25% of the amount of each federal capitalization grant made to the state and contributed to the bank. Lists types of projects eligible for such bank loans. Directs the Secretary to establish Healthy, High Performance [...] show full description
Also tagged in: Bank examination, Bank holding companies, Bank management, Bank mergers, Bank records, Business, Deposit insurance, Finance, Foreign banks and banking, International finance, Nonbank banks, Subsidiary corporations
Latest Action: 05/10/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to amend the Federal Deposit Insurance Act to establish industrial bank holding company regulation, and for other purposes. 5/10/2007--Introduced. Industrial Bank Holding Company Act of 2007 - Amends the Federal Deposit Insurance Act (FDIA) to apply the bank share or asset acquisition requirements of the Bank Holding Company Act of 1956 to any company that is or would become an industrial bank holding company.Subjects an industrial bank to Federal Deposit Insurance Corporation (FDIC) requirements regarding registration, reporting, and bank examinations. Prohibits the FDIC from imposing capital or capital adequacy requirements on functionally regulated affiliates of any depository institution controlled by industrial bank holding companies meeting certain criteria. Requires a federal supervisory agency of an industrial bank holding company to forego examination of any depository institution subsidiary of the holding company. Authorizes the [...] show full description
Also tagged in: Bank fraud, Department of Housing and Urban Development, Executive departments, Executive reorganization, Federal advisory bodies, Federal home loan banks, Federal Housing Finance Board, Finance, Fraud, Housing, Information disclosure (Securities law), Investments, Lobbying, Mortgages, Politics and government, Secondary mortgage market, Securities regulation, Single family housing
Latest Action: 04/12/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextA bill to address the regulation of secondary mortgage market enterprises, and for other purposes. 4/12/2007--Introduced. Federal Housing Enterprise Regulatory Reform Act of 2007 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish in lieu of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD), an independent Federal Housing Enterprise Regulatory Agency, headed by a Director, which shall have authority over: the Federal Home Loan Banks, the Finance Facility, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac). Establishes the Federal Housing Enterprise Board, without executive authority, to advise the Director. Sets forth operating, administrative, and regulatory provisions of the Agency, including: (1) assessment authority; (2) authority to limit nonmission-related assets; (3) minimum and critical [...] show full description
Also tagged in: Administrative procedure, Bank loans, Bank management, Bank mergers, Business, Credit unions, Department of the Treasury, Deposit insurance, Disasters, Emergency management, Executive departments, Executive reorganization, Federal Deposit Insurance Corporation, Federal reserve system, Finance, Investments, Law, Leases, National Credit Union Administration, Risk, Savings banks, Securities
Latest Action: 03/15/2007 - Referred to the House Committee on Financial Services. Bill TextTo modernize credit union net worth standards, advance credit union efforts to promote economic growth, and modify credit union regulatory standards and reduce burdens, and for other purposes. 3/15/2007--Introduced. Credit Union Regulatory Improvements Act of 2007 - Amends the Federal Credit Union Act to reduce the minimum net worth ratio requirements of credit unions. Revises the minimum risk-based net ratio for such capitalizations. Transfers from the federal banking agencies to the Federal Deposit Insurance Corporation (FDIC) the authority to adjust the net worth levels of credit unions. Instructs the National Credit Union Administration Board (Board) to design the risk-based net worth requirement to take account of material risks to insured credit unions that are taken account of by comparable standards applicable to FDIC-insured institutions. Establishes a temporary waiver of the net worth restoration plan requirement for an undercapitalized [...] show full description
Also tagged in: Actions and defenses, Administrative fees, Administrative procedure, Advice and consent of the Senate, Affordable housing, Aged, Apartment houses, Auditing, Bank examination, Bank loans, Bank mergers, Bank reserves, Bankruptcy, Budgets, Business, Charitable contributions, Children, Community development banking, Conflict of interests, Congress, Congressional investigations, Congressional reporting requirements, Contracts, Corporate governance, Corporate philanthropy, Corporation directors, Criminal justice, Damages, Day care, Department of Housing and Urban Development, Depressed areas, Economic policy, Employee rights, Energy, Energy conservation, Energy conservation in buildings, Energy efficiency, Environmental protection, Executive compensation, Executive departments, Executive reorganization, Federal advisory bodies, Federal aid to housing, Federal employees, Federal home loan banks, Federal Housing Finance Board, Finance, Financial statements, Fines (Penalties), Fraud, Government corporations, Government employees, Government information, Government paperwork, Government publicity, Government trust funds, Home ownership, Housing, Housing finance, Housing subsidies, Income tax, Information disclosure (Securities law), Injunctions, Interest rates, Judicial review, Labor, Law, Leases, Liability (Law), Liens, Limitation of actions, Low-income housing, Medical care, Medicine, Minorities, Minorities in government, Minority business enterprises, Minority employment, Money laundering, Mortgage banks, Mortgages, Nonprofit organizations, Nursing homes, Ombudsman, Politics and government, Presidential appointments, Presidents, Price indexes, Rent, Rental housing, Rural affairs, Rural housing, Secondary mortgage market, Securities regulation, Single family housing, Social services, Standards, Stocks, Sunset legislation, Tax credits, Taxation, Transfer of employees, Welfare, Women, Women in business, Women in government, Women's employment
Latest Action: 05/24/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo reform the regulation of certain housing-related Government-sponsored enterprises, and for other purposes. 5/22/2007--Passed House amended. (There are 2 other summaries) Federal Housing Finance Reform Act of 2007 - Title I: Reform of Regulation of Enterprises and Federal Home Loan Banks - Subtitle A: Improvement of Safety and Soundness - (Sec. 101) Amends the Housing and Community Development Act of 1992 (Act) to establish, in place of the present Office of Federal Housing Enterprise Oversight, a Federal Housing Finance Agency (FHFA), headed by a Director (Director) possessing general supervisory and regulatory authority over the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the federal home loan banks ("the regulated entities"). (Sec. 102) Requires the Director to establish standards for each regulated entity, especially standards relating to: (1) [...] show full description
Also tagged in: Banks and banking, Community development, Community development banking, Depressed areas, Economic policy, Finance, Housing, Infrastructure, Investments, Job creation, Law, Liability (Law), Rural affairs, Savings and loan associations, Urban affairs
Latest Action: 02/28/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Bill TextTo increase community development investments by depository institutions, and for other purposes. 2/27/2007--Passed House without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Depository Institution Community Development Investments Enhancement Act - Amends the Home Owners' Loan Act to revise requirements for community development investments by federal savings associations. Authorizes a federal savings association to make investments, directly or indirectly, each of which is designed primarily to promote the public welfare, including the welfare of low- and moderate-income communities or families through the provision of housing, services, and jobs (community development investments). Permits such investments to be made directly or by purchase of interests in an entity primarily engaged in making such investments. Prohibits [...] show full description
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