H. Rept. 115-648 1 (2018-04-24)

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                   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
                      79-006

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