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Code · BILL · 114th Congress · S. 1910 (Placed on Calendar Senate) — Making appropriations for financial services and general government for the fiscal year ending September 30, 2016, an... · Sec. 982

Sec. 982. Prohibiting the use of guarantee fees as an offset

151 words·~1 min read·/bill/114/s/1910/pcs/section-982

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In the Senate and the House of Representatives, for purposes of determining budgetary impacts to evaluate points of order under the Congressional Budget Act of 1974, any previous budget resolution, and any subsequent budget resolution, provisions contained in any bill, resolution, amendment, motion, or conference report that increase, or extend the increase of, any guarantee fee of an enterprise shall not be scored with respect to the level of budget authority, outlays, or revenues contained in such legislation. The prohibition in subsection
(a)shall not apply to any legislation that— includes a specific instruction to the Secretary on the sale, transfer, relinquishment, liquidation, divestiture, or other disposition of senior preferred stock acquired pursuant to the Senior Preferred Stock Purchase Agreement; and provides for an increase, or extension of an increase, of any guarantee fee of an enterprise to be used for the purpose of financing reforms to the secondary mortgage market.
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