HR 1223 · 112th Congress · Finance and Financial Sector

GSE Credit Risk Equitable Treatment Act of 2011

Introduced 2011-03-29· Sponsored by Rep. Garrett, Scott [R-NJ-5]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Forwarded by Subcommittee to Full Committee (Amended) by the Yeas and Nays: 34 - 0 .(2011-04-06)

Plain Language Summary

[AI summary unavailable — showing source text] GSE Credit Risk Equitable Treatment Act of 2011 - Amends the Securities Exchange Act of 1934 to require that credit risk retention regulations ensure that there is no difference in the treatment of asset-backed securities securitized by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporatioin (Freddie Mac) (government-sponsored enterprises or GSEs), solely because of securitization by the GSE, from the treament of other asset-backed securities securitized by any other entity.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (3)

3 Republicans
Rep. Bachus, Spencer [R-AL-6]AL
Rep. Hensarling, Jeb [R-TX-5]TX
Rep. Pearce, Stevan [R-NM-2]NM