Cap the GSE Bailout Act of 2011
Latest action · Jul 12, 2011 Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote .
Progress
Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.
- IntroducedJul 8, 2011
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Cap the GSE Bailout Act of 2011 - Limits the funds that may be provided to the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), or any Federal Home Loan Bank (government sponsored enterprises or GSEs) as part of the Amended and Restated Senior Preferred Stock Purchase Agreement to the greater of: (1) $200 billion; or (2) $200 billion plus the cumulative total of deficiency amounts of the GSE for calendar quarters in calendar 2010, 2011, and 2012, less any surplus amount as of December 31, 2012.
Cosponsors 3
Members who signed on, in the order they did. All signed on Jul 13, 2011.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-TX | Francisco "Quico" Canseco | Jul 13, 2011 | |
| R-NJ | Scott Garrett | Jul 13, 2011 | |
| R-AL | Spencer Bachus | Jul 13, 2011 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jul 8, 2011 |
| Capital Markets Subcommittee | Hearings May 25, 2011Referred Jul 11, 2011Markup Jul 12, 2011Reported Jul 12, 2011 |
Actions 6
Everything that happened, newest first.
- Jul 12, 2011Subcommittee Consideration and Mark-up Session Held.
- Jul 12, 2011Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote .
- Jul 11, 2011Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
- Jul 8, 2011Introduced in House
- Jul 8, 2011Referred to the House Committee on Financial Services.
- May 25, 2011Hearings Held by the Subcommittee on Capital Markets and Government Sponsored Enterprises Prior to Introduction and Referral.
Research
What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.
Constitutional authority
The sponsor’s statement, as printed in the page H4793.
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R41822 | Proposals to Reform Fannie Mae and Freddie Mac in the 112th Congress Archived | Report | Nov 30, 2011 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To limit the aggregate amount provided by the taxpayers of the United States for the bailout of Fannie Mae and Freddie Mac.
- Short Titles as Introduced
- Cap the GSE Bailout Act of 2011
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
Text 1
Each version as it was printed, newest first.
- Jul 8, 2011Introduced in House
Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.
