Government Related Securities Act of 1980

[AI summary unavailable — showing source text] Government-Related Securities Act of 1980 - Title I: Short Title and Relationship to Securities Exchange Act of 1934 - Establishes a means for regulating transactions in mortgage-backed securities which are guaranteed by the Government National Mortgage Association and mortgage-backed securities which are issued or guaranteed by the Federal Home Loan Mortgage Corporation. Establishes a Government-Related Securities Oversight Council (Council) and states the authority of the Council. Sets forth registration requirements for transactions effected by any government-related securities broker or dealer. Directs the Council to establish a Federal Mortgage-Backed Securities Rulemaking Board (FMSRB). Requires the FMSRB to propose and adopt rules to effect the purposes of this Act with respect to transactions in government-related securities. Specifies the minimum coverage of such rules, including operation of the FMSRB and establishment and enforcement of standards by which government-related securities brokers and dealers operate. Prohibits the FMSRB from requiring any issuer or guarantor of government- related securities to furnish documents or information regarding such issuer or guaran…