§ 4501. Congressional findings
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/usc/title-12/section-4501A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
The Congress finds that—
(1)the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (referred to in this section collectively as the “enterprises”), and the Federal Home Loan Banks (referred to in this section as the “Banks”), have important public missions that are reflected in the statutes and charter Acts establishing the Banks and the enterprises;
(2)because the continued ability of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation to accomplish their public missions is important to providing housing in the United States and the health of the Nation’s economy, more effective Federal regulation is needed to reduce the risk of failure of the enterprises;
(3)considering the current operating procedures of the Federal National Mortgage Association, the Federal Home Loan Mortgage Corporation, and the Federal Home Loan Banks, the enterprises and the Banks currently pose low financial risk of insolvency;
(4)neither the enterprises nor the Banks, nor any securities or obligations issued by the enterprises or the Banks, are backed by the full faith and credit of the United States;
(5)an entity regulating the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation should have sufficient autonomy from the enterprises and special interest groups;
(6)an entity regulating such enterprises should have the authority to establish capital standards, require financial disclosure, prescribe adequate standards for books and records and other internal controls, conduct examinations when necessary, and enforce compliance with the standards and rules that it establishes;
(7)the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation have an affirmative obligation to facilitate the financing of affordable housing for low- and moderate-income families in a manner consistent with their overall public purposes, while maintaining a strong financial condition and a reasonable economic return; and
(8)the Federal Home Loan Bank Act [12 U.S.C. 1421 et seq.] should be amended to emphasize that providing for financial safety and soundness of the Federal Home Loan Banks is the primary mission of the Federal Housing Finance Board.
(Pub. L. 102–550, title XIII, § 1302, Oct. 28, 1992, 106 Stat. 3941.)
Connections396 cite this · traces to 4
Cited by 396 sections · top 60
public-private-law
U.S. Code
- § 4502Definitions
- § 4513Duties and authorities of Director
- § 4568Housing Trust Fund
- § 4511Establishment of the Federal Housing Finance Agency
- § 1426Capital structure of Federal home loan banks
- § 4617Authority over critically undercapitalized regulated entities
- § 4526Regulations and orders
- § 1723aGeneral powers of Government National Mortgage Association and Federal National Mortgage Association
- § 4631Cease-and-desist proceedings
- § 4513bPrudential management and operations standards
- § 4514Authority to require reports by regulated entities
- § 4566Monitoring and enforcing compliance with housing goals
- § 4516Funding
- § 4636Civil money penalties
- § 1456Immunity of Corporation; audits and reporting requirements; data collection; Housing Advisory Council
- § 4567Affordable housing allocations
- § 4521Annual reports by Director
- § 4614Capital classifications
- § 4641Subpoena authority
- § 4634Judicial review
- § 4515Personnel
- § 4527Data standards
- § 4638Private rights of action
- § 4525Information, records, and meetings
- § 1301ABOLISHMENT OF OFHEO.
- § 4503Protection of taxpayers against liability
- § 4513aFederal Housing Finance Oversight Board
CFR
register
- Rules and RegulationsNotice of revocation and delegation of authority
- Rules and RegulationsFinal rule
- NoticesProposed regulation
- Proposed RulesNotice of proposed rulemaking
- UnknownFinal regulation
- Rules and RegulationsFinal rule
- NoticesAnnouncement of funding awards
- NoticesNotice of a Modified or Altered System of Records (SOR)
- UnknownFinal rule
- Rules and RegulationsNotice of proposed rulemaking; request for comment
- NoticesNotice
- UnknownInterim final regulation with request for comments
- UnknownFinal regulation
- Rules and RegulationsFinal rule
- Proposed RulesNotice of proposed rulemaking; request for comment
- Proposed RulesProposed rule
- Rules and RegulationsFinal rule
- Rules and RegulationsFinal rule
- UnknownFinal regulation
- Proposed RulesNotice of proposed rulemaking; request for comments
- Proposed RulesNotice of proposed rulemaking; repeal of 12 CFR part 1293
Traces to 4 documents
9 references not yet in our index
- Pub. L. 102–550, title XIII, § 1302
- 106 Stat. 3941
- act July 22, 1932, ch. 522
- 47 Stat. 725
- Pub. L. 110–289, § 1(a)
- 122 Stat. 2654
- Pub. L. 110–289, div. A, § 1001
- 122 Stat. 2659
- Pub. L. 102–550, title XIII, § 1301
Citation graph
cites case law
§ 4501
Congressional findings
Fed. Reg.×278
Bills×54
U.S.C.×31
Stat.×14
C.F.R.×13
Stat. Comp.×4
Pub. L.×2
Pub. L.Pub. L. 102–550, title XIII, § 1302
Stat.106 Stat. 3941
Actact July 22, 1932, ch. 522
Stat.47 Stat. 725
Pub. L.Pub. L. 110–289, § 1(a)
Cites 13 · showing 9Cited by 396 across 7 sources