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Code · BILL · 116th Congress · H.R. 5083 (Introduced in House) — To provide that, in the event that the Secretary of the Treasury estimates that the debt ceiling will be reached, the... · Sec. 5

Sec. 5. Sale of mortgage-related assets

114 words·~1 min read·/bill/116/hr/5083/ih/section-5

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Upon the issuance of a notification to Congress under section 2, the President may order the sale of the following assets, with the proceeds from such sales deposited in the Treasury: On-balance sheet non-performing mortgages of the Federal National Mortgage Association. Other mortgages owned or held by the Federal National Mortgage Association. Real estate owned properties of the Federal National Mortgage Association. On-balance sheet non-performing mortgages of the Federal Home Loan Mortgage Corporation.
Other mortgages owned or held by the Federal Home Loan Mortgage Corporation. Real estate owned properties of the Federal Home Loan Mortgage Corporation. Mortgage-backed securities held by the Board of Governors of the Federal Reserve System or any Federal reserve bank.
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