Bill Summary & Status
102nd Congress (1991 - 1992)
H.R.2900
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H.R.2900
Latest Title: Government-Sponsored Housing Enterprises Financial Safety and Soundness Act of 1991
Sponsor: Rep Gonzalez, Henry B. [TX-20] (introduced 7/16/1991)      Cosponsors (2)
Related Bills: H.RES.226, H.R.6094
Latest Major Action: 9/30/1991 Referred to Senate committee. Status: Received in the Senate and read twice and referred to the Committee on Banking.
Jump to: Summary, Major Actions, All Actions, Titles, Cosponsors, Committees, Related Bill Details, AmendmentsAbstracts
MAJOR ACTIONS:

7/16/1991 Introduced in House
9/17/1991 Reported (Amended) by the Committee on Banking, Finance + Urban Affrs. H. Rept. 102-206.
9/25/1991 Passed/agreed to in House: On passage Passed by the Yeas and Nays: 412 - 8 (Roll no. 278).
9/30/1991 Referred to Senate committee: Received in the Senate and read twice and referred to the Committee on Banking.
ALL ACTIONS: (Floor Actions/Congressional Record Page References)
7/16/1991:
Referred to the House Committee on Banking, Finance + Urban Affrs.
7/18/1991:
Referred to the Subcommittee on Housing and Community Development.
7/18/1991:
Subcommittee Hearings Held.
7/19/1991:
Subcommittee Hearings Held.
7/24/1991:
Forwarded by Subcommittee to Full Committee (Amended).
7/24/1991:
Subcommittee Consideration and Mark-up Session Held.
7/30/1991:
Committee Consideration and Mark-up Session Held.
7/31/1991:
Ordered to be Reported (Amended).
7/31/1991:
Committee Consideration and Mark-up Session Held.
9/17/1991 2:52pm:
Reported (Amended) by the Committee on Banking, Finance + Urban Affrs. H. Rept. 102-206.
9/17/1991 2:53pm:
Placed on the Union Calendar, Calendar No. 124.
9/24/1991 6:07pm:
Rules Committee Resolution H. Res. 226 Reported to House. Rule provides for consideration of H.R. 2900 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. It shall be in order to consider the amendment in the nature of a substitute recommended by the Committee on Banking, Finance, and Urban Affairs now printed in the bill as an original bill for the purpose of amendment under the five-minute rule. Measure will be read by title. Bill is open to amendments.
9/25/1991 11:16am:
Rule H. Res. 226 passed House.
9/25/1991 11:16am:
Considered under the provisions of rule H. Res. 226.
9/25/1991 11:16am:
Rule provides for consideration of H.R. 2900 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. It shall be in order to consider the amendment in the nature of a substitute recommended by the Committee on Banking, Finance, and Urban Affairs now printed in the bill as an original bill for the purpose of amendment under the five-minute rule. Measure will be read by title. Bill is open to amendments.
9/25/1991 11:16am:
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 226 and Rule XXIII.
9/25/1991 11:17am:
The Speaker designated the Honorable Bart Gordon to act as Chairman of the Committee.
9/25/1991 11:17am:
GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate.
9/25/1991 12:19pm:
H.AMDT.298 Amendment (A001) offered by Mr. Leach.
Amendment sought to raise the levels of assets in excess of liabilities required as operating capital standards for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), and grant greater discretion to a newly created Office of Secondary Market Examination and Oversight in setting those levels.
9/25/1991 1:22pm:
H.AMDT.298 On agreeing to the Leach amendment (A001) Failed by recorded vote: 119 - 298 (Roll no. 277).
9/25/1991 1:22pm:
H.AMDT.299 Amendment (A002) offered by Mr. Kanjorski.
Amendment clarifies language that allows employees of the Office of Secondary Market Examination and Oversight to be appointed without regard to civil service laws and and to receive compensation without regard to the provisions of law relating to classification or General Schedule pay rates.
9/25/1991 1:25pm:
H.AMDT.299 On agreeing to the Kanjorski amendment (A002) Agreed to by voice vote.
9/25/1991 1:26pm:
H.AMDT.300 Amendment (A003) offered by Mr. Kennedy.
Amendment requires HUD to use family incomes to determine if Government Sponsored Enterprises (GSE) are serving low- and moderate-income families, rather than the size of the loan and the value of the property, as is the current practice.
9/25/1991 1:29pm:
H.AMDT.300 On agreeing to the Kennedy amendment (A003) Agreed to by voice vote.
9/25/1991 1:30pm:
H.AMDT.301 Amendment (A004) offered by Mr. Kennedy.
Amendment adds language expressing as the sense of Congress that salaries and compensation provided to executive officers of the Federal National Mortgage Association have been excessive, and encourages the Association to redirect parts of future compensation into strengthening capital and expanding affordable housing opportunities.
9/25/1991 2:10pm:
H.AMDT.301 On agreeing to the Kennedy amendment (A004) Agreed to by voice vote.
9/25/1991 2:11pm:
H.AMDT.302 Amendment (A005) offered by Mr. Traficant.
Amendment covers all employees of the Office of Secondary Market Examination and Oversight, and any conservators and examiners of the Office, under Federal financial disclosure laws and also requires each to certify that, consistent with Federal law relating to conflict of interest, no such conflict of interest exists with the positions occupied.
9/25/1991 2:13pm:
H.AMDT.302 On agreeing to the Traficant amendment (A005) Agreed to by voice vote.
9/25/1991 2:14pm:
H.AMDT.303 Amendment (A006) offered by Ms. Waters.
Amendment establishes specific guidelines for determining the existence of financial institutions that employ discriminatory lending practices in issuing mortgages. Under the amendment Fannie Mae and Freddie Mac are prohibited from doing business with such institution.
9/25/1991 2:39pm:
H.AMDT.303 On agreeing to the Waters amendment (A006) Agreed to by voice vote.
9/25/1991 2:40pm:
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 2900.
9/25/1991 2:41pm:
The previous question was ordered pursuant to the rule.
9/25/1991 2:41pm:
The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union.
9/25/1991 3:08pm:
On passage Passed by the Yeas and Nays: 412 - 8 (Roll no. 278).
9/25/1991 3:08pm:
Motion to reconsider laid on the table Agreed to without objection.
9/30/1991:
Received in the Senate and read twice and referred to the Committee on Banking.
TITLE(S):  (italics indicate a title for a portion of a bill)
COSPONSORS(2), ALPHABETICAL [followed by Cosponsors withdrawn]:     (Sort: by date)

Rep Roukema, Marge [NJ-5] - 7/16/1991
Rep Wylie, Chalmers P. [OH-15] - 7/16/1991

COMMITTEE(S):
RELATED BILL DETAILS:  (additional related bills may be indentified in Status)
AMENDMENT(S):

1. H.AMDT.298 to H.R.2900 Amendment sought to raise the levels of assets in excess of liabilities required as operating capital standards for the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), and grant greater discretion to a newly created Office of Secondary Market Examination and Oversight in setting those levels.
Sponsor: Rep Leach, James A. [IA-1] (introduced 9/25/1991)      Cosponsors (None)
Latest Major Action: 9/25/1991 House amendment not agreed to. Status: On agreeing to the Leach amendment (A001) Failed by recorded vote: 119 - 298 (Roll no. 277).

2. H.AMDT.299 to H.R.2900 Amendment clarifies language that allows employees of the Office of Secondary Market Examination and Oversight to be appointed without regard to civil service laws and and to receive compensation without regard to the provisions of law relating to classification or General Schedule pay rates.
Sponsor: Rep Kanjorski, Paul E. [PA-11] (introduced 9/25/1991)      Cosponsors (None)
Latest Major Action: 9/25/1991 House amendment agreed to. Status: On agreeing to the Kanjorski amendment (A002) Agreed to by voice vote.

3. H.AMDT.300 to H.R.2900 Amendment requires HUD to use family incomes to determine if Government Sponsored Enterprises (GSE) are serving low- and moderate-income families, rather than the size of the loan and the value of the property, as is the current practice.
Sponsor: Rep Kennedy, Joseph P., II [MA-8] (introduced 9/25/1991)      Cosponsors (None)
Latest Major Action: 9/25/1991 House amendment agreed to. Status: On agreeing to the Kennedy amendment (A003) Agreed to by voice vote.

4. H.AMDT.301 to H.R.2900 Amendment adds language expressing as the sense of Congress that salaries and compensation provided to executive officers of the Federal National Mortgage Association have been excessive, and encourages the Association to redirect parts of future compensation into strengthening capital and expanding affordable housing opportunities.
Sponsor: Rep Kennedy, Joseph P., II [MA-8] (introduced 9/25/1991)      Cosponsors (None)
Latest Major Action: 9/25/1991 House amendment agreed to. Status: On agreeing to the Kennedy amendment (A004) Agreed to by voice vote.

5. H.AMDT.302 to H.R.2900 Amendment covers all employees of the Office of Secondary Market Examination and Oversight, and any conservators and examiners of the Office, under Federal financial disclosure laws and also requires each to certify that, consistent with Federal law relating to conflict of interest, no such conflict of interest exists with the positions occupied.
Sponsor: Rep Traficant, James A., Jr. [OH-17] (introduced 9/25/1991)      Cosponsors (None)
Latest Major Action: 9/25/1991 House amendment agreed to. Status: On agreeing to the Traficant amendment (A005) Agreed to by voice vote.

6. H.AMDT.303 to H.R.2900 Amendment establishes specific guidelines for determining the existence of financial institutions that employ discriminatory lending practices in issuing mortgages. Under the amendment Fannie Mae and Freddie Mac are prohibited from doing business with such institution.
Sponsor: Rep Waters, Maxine [CA-29] (introduced 9/25/1991)      Cosponsors (None)
Latest Major Action: 9/25/1991 House amendment agreed to. Status: On agreeing to the Waters amendment (A006) Agreed to by voice vote.