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![handle is hein.congrecreports/crptxabei0001 and id is 1 raw text is: AUTHENTICATEO
U.S. GOVERNMENT
INFORMATION
Op
115TH CONGRESS REPORT
2d Session HOUSE OF REPRESENTATIVES 115-648
GSE JUMPSTART REAUTHORIZATION ACT OF 2017
APRIL 24, 2018.-Committed to the Committee of the Whole House on the State of
the Union and ordered to be printed
Mr. HENSARLING, from the Committee on Financial Services,
submitted the following
REPORT
together with
MINORITY VIEWS
[To accompany H.R. 4560]
[Including cost estimate of the Congressional Budget Office]
The Committee on Financial Services, to whom was referred the
bill (H.R. 4560) to suspend contributions by Fannie Mae and
Freddie Mac to the Housing Trust Fund during any period that the
full required dividend payments under the Senior Preferred Stock
Purchase Agreements for such enterprises are not made, and for
other purposes, having considered the same, report favorably there-
on without amendment and recommend that the bill do pass.
PURPOSE AND SUMMARY
On December 6, 2017, Representative French Hill introduced
H.R. 4560, the GSE Jumpstart Act Reauthorization, which would
reauthorize the GSE Jumpstart Act of 2015 through January 1,
2019. As enacted into law, the GSE Jumpstart Act of 2015, origi-
nally sponsored by Senators Corker (R-TN) and Warner (D-VA),
prohibits the sale of Treasury-owned senior preferred shares in
Government Sponsored Enterprises (GSEs), Fannie Mae and
Freddie Mac, without congressional approval. Furthermore, the
2015 law expresses the sense of Congress that Congress should
pass and the President should sign into law legislation determining
the future of Fannie Mae and Freddie Mac, and that notwith-
standing the expiration of subsection (b), the Secretary should not
sell, transfer, relinquish, liquidate, divest, or otherwise dispose of
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