Official Summaries

End of GSE Conservatorship Preparation Act of 2025

This bill requires the Department of the Treasury to report to Congress on the status of proposals to establish a timeline and process (1) to end the conservatorship of Fannie Mae and Freddie Mac by the Federal Housing Finance Agency, and (2) for Treasury to resolve its investment in Fannie Mae and Freddie Mac. (As a result of the financial crisis, Fannie Mae and Freddie Mac entered into a conservatorship in 2008 with the Federal Housing Finance Agency. As part of this agreement, Treasury provided funds to support the solvency of Fannie Mae and Freddie Mac.)   

Current Full Text

[Congressional Bills 119th Congress]
[From the U.S. Government Publishing Office]
[H.R. 1209 Introduced in House (IH)]

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119th CONGRESS
  1st Session
                                H. R. 1209

  To require the Secretary of the Treasury to submit to the Congress 
  completed proposals for the termination of the conservatorships of 
          Fannie Mae and Freddie Mac, and for other purposes.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 11, 2025

  Mr. Ogles introduced the following bill; which was referred to the 
                    Committee on Financial Services

_______________________________________________________________________

                                 A BILL


 
  To require the Secretary of the Treasury to submit to the Congress 
  completed proposals for the termination of the conservatorships of 
          Fannie Mae and Freddie Mac, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``End of GSE Conservatorship 
Preparation Act of 2025''.

SEC. 2. PROPOSALS FOR TERMINATION OF CONSERVATORSHIPS.

    (a) Report.--Not later than 30 days after the date of the enactment 
of this Act, the Secretary of the Treasury shall submit a report to the 
Committee on Financial Services of the House of Representatives and the 
Committee on Banking, Housing, and Urban Affairs of the Senate that 
identifies whether--
            (1) the Department of the Treasury completed the proposal 
        described in article IX of the Letter Agreement to the Amended 
        and Restated Preferred Stock Purchase Agreement between the 
        United States Department of the Treasury and the Federal 
        National Mortgage Association, dated January 14, 2021, and the 
        proposal described in article IX of the Letter Agreement to the 
        Amended and Restated Preferred Stock Purchase Agreement between 
        the United States Department of the Treasury and the Federal 
        Home Loan Mortgage Corporation, dated January 14, 2021; and
            (2) either or both of such proposals were completed and, if 
        so, includes such completed proposal or proposals.
    (b) Proposals.--If the report required under subsection (a) 
indicates that either or both of such proposals were not completed, the 
Secretary of the Treasury shall--
            (1) include in such report the latest incomplete draft or 
        version, if any, of such incomplete proposal or proposals; and
            (2) not later than 90 days after the date of the enactment 
        of this Act, complete and submit such proposal or proposals to 
        the committees identified in subsection (a).
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