Government Guaranteed Securities Acts Amendments of 1980

[AI summary unavailable — showing source text] Government-Guaranteed Securities Acts Amendments of 1980 - Amends the Securities and Exchange Act of 1934 to establish a means for regulating trading in securities which are guaranteed by the Government National Mortgage Association, issued or guaranteed by the Federal Home Loan Mortgage Corporation, or guaranteed as to principal or interest by any other instrumentality of the United States. Authorizes the Secretary of the Treasury, in consultation with the Securities and Exchange Commission (SEC), to include other securities in which the United States has an interest within the coverage of this Act as governmental-guaranteed securities. Requires any dealer in such securities (including an identifiable division of a bank) to register with the SEC in order to lawfully engage in interstate trading. Sets forth standards for granting, suspending, or revoking such registered status. Empowers the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, and the Board of Directors of the Federal Deposit Insurance Corporation to impose sanctions on national banks, State member banks, and insured banks for unauthorized activities in the trading of public securities.…