H.R.7254 - To prohibit government-sponsored enterprises from making lobbying expenditures, political contributions, or other certain contributions.110th Congress (2007-2008)
|Sponsor:||Rep. Bono, Mary [R-CA-45] (Introduced 10/03/2008)|
|Committees:||House - Financial Services|
|Latest Action:||House - 10/03/2008 Referred to the House Committee on Financial Services. (All Actions)|
This bill has the status Introduced
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Summary: H.R.7254 — 110th Congress (2007-2008)All Information (Except Text)
Introduced in House (10/03/2008)
Prohibits the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) and their affiliates from making: (1) lobbying expenditures; (2) political contributions; or (3) contributions to any nonprofit tax-exempt organization.
Declares that violating this Act shall constitute violation of federal law limiting the use of appropriated funds to influence certain federal contracting and financial transactions (thus, imposing the same penalties).