H.R. 1222: GSE Subsidy Elimination Act of 2011
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H.R. 1222: GSE Subsidy Elimination Act of 2011
112th Congress · introduced 2011-03-29 · Housing and Community Development · Latest: Forwarded by Subcommittee to Full Committee by the Yeas and Nays: 25 - 9 .
federal
Follow this bill, step by step
- Where it came from: introduced 2011-03-29 · official record
- Who proposed it: Rep. Neugebauer, Randy [R-TX-19] · what a sponsor is
- What happened next: no floor votes in our records yet. Why?
- Where it stands now: Forwarded by Subcommittee to Full Committee by the Yeas and Nays: 25 - 9 . Not final yet: this can still change. We check for updates every day.
- If it becomes law and spends money: follow the money to money laws, then agencies and contracts and grants.
Official title
GSE Subsidy Elimination Act of 2011
Plain summary
GSE Subsidy Elimination Act of 2011 - Amends the Housing and Community Development Act of 1992 to require the Director of the Federal Housing Finance Agency to require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs) to charge a guarantee fee in connection with any guarantee of the timely payment of principal and interest on securities, notes, and other obligations based on or backed by mortgages on residential real properties designed principally for occupancy of from one to four families. Requires the fee to be set at an amount that appropriately reflects risk of loss as well as the cost of capital allocated to similar assets held by other fully private regulated financial institutions. Directs the Director to require each GSE to increase its guarantee fee gradually over two years in a manner sufficient to comply with this Act.
Congressional Research Service summary (Introduced in House), quoted unchanged (nonpartisan). Read the source.
What a vote does
A “Yea” vote
If it passes both chambers and is signed, it becomes law.
A “Nay” vote
If it is not passed, current law stays as it is.
PSI Sci description of the legislative step (not an opinion).
What does this mean? (plain words)
Official text
GSE Subsidy Elimination Act of 2011
Source: Congressional Research Service summary (Introduced in House)
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How did my representative vote? · This bill's floor votes
Officials and money
Sponsor: Rep. Neugebauer, Randy [R-TX-19] · 6 cosponsors
Cost estimate: No cost estimate published yet.
Cosponsors on this site
Shelley Moore Capito (R-WV)
No linked floor roll calls in our collected records yet. This does not mean the bill has never had a vote. Check the official bill history.
Words on this page, explained (2)
- Obligation
- A binding promise by a government agency to pay money, for example by signing a contract or awarding a grant. Spending data such as USAspending.gov counts money when it is obligated, which can be before it is actually paid out.
- Securities
- Financial investments that can be bought and sold, such as stocks and bonds.
Plain meanings written from linked sources. All words.
Sources
- Congressional Research Service summary (Introduced in House)
- Congress.gov
- Data: GovInfo BILLSTATUS bulk data (Library of Congress), BILLSTATUS-112hr1222.xml <https://www.govinfo.gov/bulkdata/BILLSTATUS/112/hr>
Record fed-us-cong112-hr1222 · catalog fed-us-congress-bills-cong112 · updated 2026-11-15 by psicol fed-bills-cong112