H.R.31 - Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011112th Congress (2011-2012)
|Sponsor:||Rep. Biggert, Judy [R-IL-13] (Introduced 01/05/2011)|
|Committees:||House - Financial Services|
|Latest Action:||House - 04/06/2011 Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote . (All Actions)|
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Summary: H.R.31 — 112th Congress (2011-2012)All Information (Except Text)
Introduced in House (01/05/2011)
Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011 - Directs the Inspector General (IG) of the Federal Housing Finance Agency to submit quarterly reports to Congress on the IG's activities with respect to the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) and their activities and condition while they are in conservatorship status.
Amends the Housing and Community Development Act of 1992 to give the Federal Housing Finance Agency IG: (1) direct hire authority; and (2) law enforcement authority exempt from the condition that the Attorney General make an initial determination of the IG's eligibility to exercise such authority.