H.R. 6164, The Federal Housing Enterprises Transparency and Accountability Act of 2008

• This item is from the 110th Congress (2007-2008) and is no longer current. Comments, voting, and wiki editing have been disabled, and the cost/savings estimate has been frozen.

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H.R. 6164 would establish a risk-reduction and accountability pilot program for the housing-related government-sponsored enterprises.

Detailed Summary

Federal Housing Enterprises Transparency and Accountability Act of 2008 - Directs the Federal Housing Board to require each Federal Home Loan Bank, and the Director of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development to require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), to carry out a pilot program to reduce risk through the use of electronic platforms to conduct transactions in interest rate swaps and forward rate agreements.

Status of the Legislation

Latest Major Action: 5/22/2008: Referred to House committee. Status: Referred to the House Committee on Financial Services.

Points in Favor

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Points Against

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