| 1 | 1 | | I |
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| 2 | 2 | | 119THCONGRESS |
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| 3 | 3 | | 1 |
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| 4 | 4 | | STSESSION H. R. 1209 |
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| 5 | 5 | | To require the Secretary of the Treasury to submit to the Congress completed |
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| 6 | 6 | | proposals for the termination of the conservatorships of Fannie Mae |
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| 7 | 7 | | and Freddie Mac, and for other purposes. |
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| 8 | 8 | | IN THE HOUSE OF REPRESENTATIVES |
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| 9 | 9 | | FEBRUARY11, 2025 |
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| 10 | 10 | | Mr. O |
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| 11 | 11 | | GLESintroduced the following bill; which was referred to the Committee |
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| 12 | 12 | | on Financial Services |
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| 13 | 13 | | A BILL |
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| 14 | 14 | | To require the Secretary of the Treasury to submit to the |
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| 15 | 15 | | Congress completed proposals for the termination of the |
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| 16 | 16 | | conservatorships of Fannie Mae and Freddie Mac, and |
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| 17 | 17 | | for other purposes. |
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| 18 | 18 | | Be it enacted by the Senate and House of Representa-1 |
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| 19 | 19 | | tives of the United States of America in Congress assembled, 2 |
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| 20 | 20 | | SECTION 1. SHORT TITLE. 3 |
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| 21 | 21 | | This Act may be cited as the ‘‘End of GSE Con-4 |
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| 22 | 22 | | servatorship Preparation Act of 2025’’. 5 |
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| 23 | 23 | | VerDate Sep 11 2014 20:01 Mar 08, 2025 Jkt 059200 PO 00000 Frm 00001 Fmt 6652 Sfmt 6201 E:\BILLS\H1209.IH H1209 |
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| 24 | 24 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 2 |
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| 25 | 25 | | •HR 1209 IH |
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| 26 | 26 | | SEC. 2. PROPOSALS FOR TERMINATION OF 1 |
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| 27 | 27 | | CONSERVATORSHIPS. 2 |
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| 28 | 28 | | (a) R |
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| 29 | 29 | | EPORT.—Not later than 30 days after the date 3 |
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| 30 | 30 | | of the enactment of this Act, the Secretary of the Treasury 4 |
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| 31 | 31 | | shall submit a report to the Committee on Financial Serv-5 |
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| 32 | 32 | | ices of the House of Representatives and the Committee 6 |
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| 33 | 33 | | on Banking, Housing, and Urban Affairs of the Senate 7 |
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| 34 | 34 | | that identifies whether— 8 |
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| 35 | 35 | | (1) the Department of the Treasury completed 9 |
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| 36 | 36 | | the proposal described in article IX of the Letter 10 |
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| 37 | 37 | | Agreement to the Amended and Restated Preferred 11 |
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| 38 | 38 | | Stock Purchase Agreement between the United 12 |
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| 39 | 39 | | States Department of the Treasury and the Federal 13 |
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| 40 | 40 | | National Mortgage Association, dated January 14, 14 |
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| 41 | 41 | | 2021, and the proposal described in article IX of the 15 |
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| 42 | 42 | | Letter Agreement to the Amended and Restated 16 |
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| 43 | 43 | | Preferred Stock Purchase Agreement between the 17 |
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| 44 | 44 | | United States Department of the Treasury and the 18 |
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| 45 | 45 | | Federal Home Loan Mortgage Corporation, dated 19 |
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| 46 | 46 | | January 14, 2021; and 20 |
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| 47 | 47 | | (2) either or both of such proposals were com-21 |
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| 48 | 48 | | pleted and, if so, includes such completed proposal 22 |
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| 49 | 49 | | or proposals. 23 |
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| 50 | 50 | | (b) P |
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| 51 | 51 | | ROPOSALS.—If the report required under sub-24 |
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| 52 | 52 | | section (a) indicates that either or both of such proposals 25 |
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| 53 | 53 | | were not completed, the Secretary of the Treasury shall— 26 |
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| 54 | 54 | | VerDate Sep 11 2014 20:01 Mar 08, 2025 Jkt 059200 PO 00000 Frm 00002 Fmt 6652 Sfmt 6201 E:\BILLS\H1209.IH H1209 |
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| 55 | 55 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB 3 |
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| 56 | 56 | | •HR 1209 IH |
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| 57 | 57 | | (1) include in such report the latest incomplete 1 |
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| 58 | 58 | | draft or version, if any, of such incomplete proposal 2 |
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| 59 | 59 | | or proposals; and 3 |
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| 60 | 60 | | (2) not later than 90 days after the date of the 4 |
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| 61 | 61 | | enactment of this Act, complete and submit such 5 |
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| 62 | 62 | | proposal or proposals to the committees identified in 6 |
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| 63 | 63 | | subsection (a). 7 |
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| 64 | 64 | | Æ |
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| 65 | 65 | | VerDate Sep 11 2014 20:01 Mar 08, 2025 Jkt 059200 PO 00000 Frm 00003 Fmt 6652 Sfmt 6301 E:\BILLS\H1209.IH H1209 |
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| 66 | 66 | | kjohnson on DSK7ZCZBW3PROD with $$_JOB |
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