S.3471 - A bill to prohibit government-sponsored enterprises from making lobbying expenditures, political contributions, or other certain contributions.110th Congress (2007-2008)
|Sponsor:||Sen. DeMint, Jim [R-SC] (Introduced 09/11/2008)|
|Committees:||Senate - Homeland Security and Governmental Affairs|
|Latest Action:||09/11/2008 Read twice and referred to the Committee on Homeland Security and Governmental Affairs. (All Actions)|
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Summary: S.3471 — 110th Congress (2007-2008)All Bill Information (Except Text)
Introduced in Senate (09/11/2008)
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).