Administration Proposals

• NAREIT FirstBrief: Obama Administration Releases Report to Congress on Housing Finance Reform - 2/11/11
• "Reforming America's Housing Finance Market: A Report to Congress" issued by the Department of the Treasury and the Department of Housing and Urban Development - 2/11/11
• Joint Press Statement from the Department of the Treasury and the Department of Housing and Urban Development on their Report on Housing Finance Reform - 2/11/11

Congressional Hearings

• House Financial Services Subcommittee on International Monetary Policy and Trade Hearing entitled "The U.S. Housing Finance System in the Global Context: Structure, Capital Sources, and Housing Dynamics" - 10/13/11
• Testimony from Michael A. J. Farrell, Chairman, President & CEO, Annaly Capital Management, Inc. - 2/16/11
• House Financial Services Subcommittee on Insurance, Housing and Community Opportunity Hearing entitled "The Obama Administration’s Response to the Housing Crisis" - 10/6/11
• Senate Banking Subcommittee on Housing, Transportation and Community Development hearing entitled “New Ideas for Refinancing and Restructuring Mortgage Loans” - 9/14/11
• Senate Banking Committee hearing entitled “Housing Finance Reform: Should There be a Government Guarantee?” - 9/13/11
• House Financial Services Subcommittee on Insurance, Housing and Community Opportunity Hearing entitled “Legislative Proposals to Determine the Future Role of FHA, RHS and GNMA in the Single- and Multi-Family Mortgage Markets, Part 2” - 9/8/11
• House Financial Services Subcommittee on Capital Markets and Government Sponsored Enterprises Field hearing entitled “Facilitating Continued Investor Demand in the U.S. Mortgage Market Without a Government Guarantee" - 9/7/11
• Senate Banking Subcommittee Hearing on, "Examining the Housing Finance System: the To-Be-Announced Market" - 8/3/11
• Senate Banking Committee Hearing on, "Housing Finance Reform: National Mortgage Servicing Standards" - 8/2/11
• Letter from NAREIT and other Real Estate Trade Associations in Support of House Financial Services Committee Passage of H.R. 940, the “U. S. Covered Bond Act of 2011” - 6/22/11
• Senate Banking Committee Hearing on "Public Proposals for the Future of the Housing Finance System Part II" - 5/26/11
• House Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee Legislative Hearing on "Transparency, Transition and Taxpayer Protection: More Steps to End the GSE Bailout" - 5/25/11
• House Financial Services Insurance, Housing and Community Opportunity Subcommittee Hearing, “Legislative Proposals to Determine the Future Role of FHA, RHS and GNMA in the Single-and Multi-Family Mortgage Markets" - 5/25/11
• House Financial Services capital Markets and Government Sponsored Enterprises Subcommittee Legistlative Hearing on "Immediate Steps to Protect Taxpayers from teh ONgoing Bailout of Fannie Mae and Freddie Mac" - 3/31/11
• Senate Banking Committee Hearing on "Public Proposals for the Future of the Housing Finance System" - 3/29/11
• Senate Banking Committee Hearing on "The Administration’s Report to Congress: Reforming America’s Housing Finance Market" - 3/15/11
• House Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee Legislative Hearing on "Legislative Proposals to Create a Covered Bond Market in the United States" - 3/11/11
• House Financial Services Committee Hearing on "Mortgage Finance Reform: An Examination of the Obama Administration’s Report to Congress" - 3/1/11
• House Financial Services Insurance, Housing and Community Opportunity Subcommittee Hearing, "Are There Government Barriers to the Housing Market Recovery?" - 2/16/11
• "GSE Reform: Immediate Steps to Protect Taxpayers and End the Bailout"
• Testimony from Michael A. J. Farrell, Chairman, President & CEO, Annaly Capital Management, Inc. - 2/16/11
• House Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee Legislative Hearing on "GSE Reform: Immediate Steps to Protect Taxpayers and End the Bailout" - 2/9/11
• House Financial Services Hearing on "The Future of Housing Finance-A Review of Proposals to Address Market Structure and Transition" - 9/29/11
• Testimony of Michael Farrell, Chairman, CEO & President of Annaly Capital Management, Inc. - 9/29/10

Legislative Action

On July 12, 2011, the House Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee Amended and Approved Six Targeted GSE Reform Proposals:

• H.R. 2441, the Housing Trust Fund Elimination Act - Legislative Text as Introduced
• H.R. 463, Fannie Mae and Freddie Mac Transparency Act of 2011 - Legislative Text as Introduced
• H.R. 2436, the Fannie Mae and Freddie Mac Taxpayer Payback Act of 2011 - Legislative Text as Introduced
• H.R. 2439, Eliminate the GSE Charter During Receivership - Legislative Text as Introduced
• H.R. 2440, the Market Transparency and Taxpayer Protection Act - Legislative Text as Introduced
• H.R. 2462, Cap the GSE Bailout Act - Legislative Text as Introduced

On April 5, 2011, the House Financial Services Capital Markets and Government Sponsored Enterprises Subcommittee Amended and Approved Eight Targeted GSE Reform Proposals:

• H.R. 31, "Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act"– Summary/Legislative Text as Introduced
• H.R. 1221, "Equity in Government Compensation Act of 2011"– Summary/Legislative Text as Introduced
• H.R. 1222, "GSE Subsidy Elimination Act of 2011" – Summary/Legislative Text as Introduced
• H.R. 1223, "GSE Credit Risk Equitable Treatment Act of 2011" – Summary/Legislative Text as Introduced
• H.R. 1224, "Portfolio Risk Reduction Act of 2011" – Summary/Legislative Text as Introduced
• H.R. 1224, "Portfolio Risk Reduction Act of 2011" – Summary/Legislative Text as Introduced
• H.R. 1225, "GSE Debt Issuance Approval Act of 2011" – Summary/Legislative Text as Introduced
• H.R. 1226, "GSE Mission Improvement Act of 2011" – Summary/Legislative Text as Introduced
• H.R. 1227, "GSE Risk and Activities Limitation Act of 2011" – Summary/Legislative Text as Introduced

Other Legislative Proposals

• H.R. 1859, "Housing Finance Reform Act of 2011" – Summary/Legislative Text as Introduced

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