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Code · BILL · 115th Congress · H.R. 6746 (Introduced in House) — To protect American taxpayers and homeowners by creating a sustainable housing finance system for the 21st century, a... · Sec. 102

Sec. 102. Termination of current conservatorship; mandatory receivership

60 words·~1 min read·/bill/115/hr/6746/ih/section-102

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Upon the expiration of the 5-year period beginning upon the date of the enactment of this Act, the Director shall, with respect to each enterprise, immediately appoint the Federal Housing Finance Agency as receiver under section 1367 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 and carry out such receivership under the authority of such section.
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