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Code · BILL · 113th Congress · H.R. 2348 (Introduced in House) — To provide certainty that Congress and the Administration will undertake substantive and structural housing finance r... · Sec. 4

Sec. 4. Limitations on sale of preferred stock

85 words·~1 min read·/bill/113/hr/2348/ih/section-4

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Notwithstanding any other provision of law or any provision of the Senior Preferred Stock Purchase Agreement, the Secretary may not sell, transfer, relinquish, liquidate, divest, or otherwise dispose of any outstanding shares of senior preferred stock acquired pursuant to the Senior Preferred Stock Purchase Agreement, until such time as Congress has passed and the President has signed into law legislation that includes a specific instruction to the Secretary regarding the sale, transfer, relinquishment, liquidation, divestiture, or other disposition of the senior preferred stock so acquired.
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