H.Amdt.604 to H.R.1461109th Congress (2005-2006)
Description: H.Amdt. 604 — 109th Congress (2005-2006)All Information (Except Text)
Amendment restores the Presidential and regulatory board appointment systems for Government Sponsored Enterprises (GSEs) while preserving changes made by the bill including providing flexibility in the size of corporate boards at Fannie Mae and Freddie Mac and lengthening the terms of service at the Federal home loan banks.
An amendment numbered 9 printed in House Report 109-254 to restore Presidential appointees on the boards of Fannie Mae and Freddie Mac by retaining the regulatory appointees on the boards of the Federal Home Loan Banks. Makes modifications to the boards of the Federal Home Loan Banks related to the number of regulatory appointees, the expertise of appointees in community and economic development, and the allowable continued service of appointees after the expiration of their terms.
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