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Code · BILL · 113th Congress · H.R. 3901 (Introduced in House) — To prohibit contributions by Fannie Mae and Freddie Mac to the Housing Trust Fund and the Capital Market Fund while s... · Sec. 2

Sec. 2. Prohibition of contributions to Housing Trust Fund and Capital Magnet Fund while enterprises are in conservatorship or receivership

110 words·~1 min read·/bill/113/hr/3901/ih/section-2

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Notwithstanding section 1337 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C. 4567 ) or any other provision of law, during the term of any conservatorship or receivership of the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation pursuant to section 1367 of such Act ( 12 U.S.C. 4617 ), such enterprise shall not make any contribution or transfer to, or allocate or set aside any amounts for, the Housing Trust Fund established under section 1338 of such Act ( 12 U.S.C. 4568 ) or the Capital Magnet Fund established under section 1339 of such Act ( 12 U.S.C. 4569 ).
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Sec. 2
Prohibition of contributions to Housing Trust Fund and Capital Magnet Fund while enterprises are in conservatorship or receivership
U.S.C.§ 4567
U.S.C.§ 4617
U.S.C.§ 4568
U.S.C.§ 4569
Cites 4Cited by 0 across 0 sources
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