Text: H.R.5539 — 111th Congress (2009-2010)All Bill Information (Except Text)

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Introduced in House (06/16/2010)


111th CONGRESS
2d Session
H. R. 5539

To apply the Freedom of Information Act to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation during any period that such entities are in conservatorship or receivership.


IN THE HOUSE OF REPRESENTATIVES
June 16, 2010

Mr. Chaffetz (for himself, Mr. Conyers, Mr. Smith of Texas, Mr. Issa, Mr. Bachus, Mr. Hensarling, Mr. Royce, Mr. Goodlatte, Mrs. Biggert, Mr. Rooney, and Mrs. Lummis) introduced the following bill; which was referred to the Committee on Financial Services


A BILL

To apply the Freedom of Information Act to the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation during any period that such entities are in conservatorship or receivership.

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 “Fannie Mae and Freddie Mac Transparency Act of 2010”.

SEC. 2. Applicability of FOIA during conservatorship or receivership.

(a) Fannie Mae.—Section 309 of the Federal National Mortgage Association Charter Act (12 U.S.C. 1723a) is amended by adding at the end the following new subsection:

“(p) Applicability of FOIA.—Notwithstanding section 551 of title 5, United States Code, during any period that the corporation is under conservatorship or receivership pursuant to section 1367 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4617), the corporation shall be considered to be an agency for purposes of section 552 of such title.”.

(b) Freddie Mac.—Section 307 of the Federal Home Loan Mortgage Corporation Act (12 U.S.C. 1456) is amended by adding at the end the following new subsection:

“(h) Applicability of FOIA.—Notwithstanding section 551 of title 5, United States Code, during any period that the Corporation is under conservatorship or receivership pursuant to section 1367 of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4617), the Corporation shall be considered to be an agency for purposes of section 552 of such title.”.