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‘‘(B) upon transmittal of such determina-
tion, in writing, to the appropriate committees 
of Congress.’’. 
SEC. 1303. REPORT. 
Section 106 of the Emergency Economic Stabilization 
Act of 2008 (12 U.S.C. 5216) is amended by inserting at 
the end the following: 
‘‘(f) REPORT.—The Secretary of the Treasury shall re-
port to Congress every 6 months on amounts received and 
transferred to the general fund under subsection (d).’’. 
SEC. 1304. AMENDMENTS TO HOUSING AND ECONOMIC RE-
COVERY ACT OF 2008. 
(a) SALE OF FANNIE MAE OBLIGATIONS AND SECURI-
TIES BY THE TREASURY; DEFICIT REDUCTION.—Section 
304(g)(2) of the Federal National Mortgage Association 
Charter Act (12 U.S.C. 1719(g)(2)) is amended— 
(1) by redesignating subparagraph (C) as sub-
paragraph (D); and 
(2) by inserting after subparagraph (B) the fol-
lowing: 
‘‘(C) DEFICIT REDUCTION.—The Secretary 
of the Treasury shall deposit in the General 
Fund of the Treasury any amounts received by 
the Secretary from the sale of any obligation ac-
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quired by the Secretary under this subsection, 
where such amounts shall be— 
‘‘(i) dedicated for the sole purpose of 
deficit reduction; and 
‘‘(ii) prohibited from use as an offset 
for other spending increases or revenue re-
ductions.’’. 
(b) SALE OF FREDDIE MAC OBLIGATIONS AND SECU-
RITIES BY THE TREASURY; DEFICIT REDUCTION.—Section 
306(l)(2) of the Federal Home Loan Mortgage Corporation 
Act (12 U.S.C. 1455(l)(2)) is amended— 
(1) by redesignating subparagraph (C) as sub-
paragraph (D); and 
(2) by inserting after subparagraph (B) the fol-
lowing: 
‘‘(C) DEFICIT REDUCTION.—The Secretary 
of the Treasury shall deposit in the General 
Fund of the Treasury any amounts received by 
the Secretary from the sale of any obligation ac-
quired by the Secretary under this subsection, 
where such amounts shall be— 
‘‘(i) dedicated for the sole purpose of 
deficit reduction; and
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‘‘(ii) prohibited from use as an offset 
for other spending increases or revenue re-
ductions.’’. 
(c) SALE OF FEDERAL HOME LOAN BANKS OBLIGA-
TIONS BY THE TREASURY; DEFICIT REDUCTION.—Section 
11(l)(2) of the Federal Home Loan Bank Act (12 U.S.C. 
1431(l)(2)) is amended— 
(1) by redesignating subparagraph (C) as sub-
paragraph (D); and 
(2) by inserting after subparagraph (B) the fol-
lowing: 
‘‘(C) DEFICIT REDUCTION.—The Secretary 
of the Treasury shall deposit in the General 
Fund of the Treasury any amounts received by 
the Secretary from the sale of any obligation ac-
quired by the Secretary under this subsection, 
where such amounts shall be— 
‘‘(i) dedicated for the sole purpose of 
deficit reduction; and 
‘‘(ii) prohibited from use as an offset 
for other spending increases or revenue re-
ductions.’’. 
(d) REPAYMENT OF FEES.—Any periodic commitment 
fee or any other fee or assessment paid by the Federal Na-
tional Mortgage Association or Federal Home Loan Mort-
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gage Corporation to the Secretary of the Treasury as a re-
sult of any preferred stock purchase agreement, mortgage- 
backed security purchase program, or any other program 
or activity authorized or carried out pursuant to the au-
thorities granted to the Secretary of the Treasury under sec-
tion 1117 of the Housing and Economic Recovery Act of 
2008 (Public Law 110–289; 122 Stat. 2683), including any 
fee agreed to by contract between the Secretary and the As-
sociation or Corporation, shall be deposited in the General 
Fund of the Treasury where such amounts shall be— 
(1) dedicated for the sole purpose of deficit re-
duction; and 
(2) prohibited from use as an offset for other 
spending increases or revenue reductions. 
SEC. 1305. FEDERAL HOUSING FINANCE AGENCY REPORT. 
The Director of the Federal Housing Finance Agency 
shall submit to Congress a report on the plans of the Agency 
to continue to support and maintain the Nation’s vital 
housing industry, while at the same time guaranteeing that 
the American taxpayer will not suffer unnecessary losses. 
SEC. 1306. REPAYMENT OF UNOBLIGATED ARRA FUNDS. 
(a) REJECTION OF ARRA FUNDS BY STATE.—Section 
1607 of the American Recovery and Reinvestment Act of 
2009 (Public Law 111–5; 123 Stat. 305) is amended by 
adding at the end the following:
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‘‘(d) STATEWIDE REJECTION
OF FUNDS.—If funds 
provided to any State in any division of this Act are not 
accepted for use by the Governor of the State pursuant to 
subsection (a) or by the State legislature pursuant to sub-
section (b), then all such funds shall be— 
‘‘(1) rescinded; and 
‘‘(2) deposited in the General Fund of the Treas-
ury where such amounts shall be— 
‘‘(A) dedicated for the sole purpose of deficit 
reduction; and 
‘‘(B) prohibited from use as an offset for 
other spending increases or revenue reductions.’’. 
(b) WITHDRAWAL OR RECAPTURE OF UNOBLIGATED 
FUNDS.—Title XVI of the American Recovery and Rein-
vestment Act of 2009 (Public Law 111–5; 123 Stat. 302) 
is amended by adding at the end the following: 
‘‘SEC. 1613. WITHDRAWAL OR RECAPTURE OF UNOBLIGATED 
FUNDS. 
‘‘Notwithstanding any other provision of this Act, if 
the head of any executive agency withdraws or recaptures 
for any reason funds appropriated or otherwise made avail-
able under this division, and such funds have not been obli-
gated by a State to a local government or for a specific 
project, such recaptured funds shall be— 
‘‘(1) rescinded; and
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‘‘(2) deposited in the General Fund of the Treas-
ury where such amounts shall be— 
‘‘(A) dedicated for the sole purpose of deficit 
reduction; and 
‘‘(B) prohibited from use as an offset for 
other spending increases or revenue reductions.’’. 
(c) RETURN OF UNOBLIGATED FUNDS BY END OF 
2012.—Section 1603 of the American Recovery and Rein-
vestment Act of 2009 (Public Law 111–5; 123 Stat. 302) 
is amended by— 
(1) striking ‘‘All funds’’ and inserting ‘‘(a) IN 
GENERAL.—All funds’’; and 
(2) adding at the end the following: 
‘‘(b) REPAYMENT OF UNOBLIGATED FUNDS.—Any dis-
cretionary appropriations made available in this division 
that have not been obligated as of December 31, 2012, are 
hereby rescinded, and such amounts shall be deposited in 
the General Fund of the Treasury where such amounts shall 
be— 
‘‘(1) dedicated for the sole purpose of deficit re-
duction; and 
‘‘(2) prohibited from use as an offset for other 
spending increases or revenue reductions. 
‘‘(c) PRESIDENTIAL WAIVER AUTHORITY.—
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‘‘(1) IN GENERAL.—The President may waive the 
requirements under subsection (b), if the President de-
termines that it is not in the best interest of the Na-
tion to rescind a specific unobligated amount after 
December 31, 2012. 
‘‘(2) REQUESTS.—The head of an executive agen-
cy may also apply to the President for a waiver from 
the requirements under subsection (b).’’. 
TITLE XIV—MISCELLANEOUS 
SEC. 1401. RESTRICTIONS ON USE OF FEDERAL FUNDS TO 
FINANCE BAILOUTS OF FOREIGN GOVERN-
MENTS. 
The Bretton Woods Agreements Act (22 U.S.C. 286 et 
seq.) is amended by adding at the end the following: 
‘‘SEC. 68. RESTRICTIONS ON USE OF FEDERAL FUNDS TO FI-
NANCE 
BAILOUTS 
OF 
FOREIGN 
GOVERN-
MENTS. 
‘‘(a) IN GENERAL.—The President shall direct the 
United States Executive Director of the International Mon-
etary Fund— 
‘‘(1) to evaluate any proposed loan to a country 
by the Fund if the amount of the public debt of the 
country exceeds the gross domestic product of the 
country;
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‘‘(2) to determine whether or not the loan will be 
repaid and certify that determination to Congress. 
‘‘(b) OPPOSITION TO LOANS UNLIKELY TO BE RE-
PAID.—If the Executive Director determines under sub-
section (a)(2) that a loan by the International Monetary 
Fund to a country will not be repaid, the President shall 
direct the Executive Director to use the voice and vote of 
the United States to vote in opposition to the proposed 
loan.’’. 
TITLE XV—CONGO CONFLICT 
MINERALS 
SEC. 1501. SENSE OF CONGRESS ON EXPLOITATION AND 
TRADE 
OF 
COLUMBITE-TANTALITE, 
CAS-
SITERITE, GOLD, AND WOLFRAMITE ORIGI-
NATING 
IN 
DEMOCRATIC 
REPUBLIC 
OF 
CONGO. 
It is the sense of Congress that the exploitation and 
trade of columbite-tantalite, cassiterite, gold, and wolf-
ramite in the eastern Democratic Republic of Congo is help-
ing to finance extreme levels of violence in the eastern 
Democratic Republic of Congo, particularly sexual and gen-
der-based violence, and contributing to an emergency hu-
manitarian situation therein, warranting the provisions of 
section 13(o) of the Securities Exchange Act of 1934, as 
added by section 1302.
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SEC. 1502. DISCLOSURE TO SECURITIES AND EXCHANGE 
COMMISSION RELATING TO COLUMBITE-TAN-
TALITE, 
CASSITERITE, 
GOLD, 
AND 
WOLF-
RAMITE ORIGINATING IN DEMOCRATIC RE-
PUBLIC OF CONGO. 
Section 13 of the Securities Exchange Act of 1934 (15 
U.S.C. 78m), as amended by section 763 of this Act, is fur-
ther amended by adding at the end the following new sub-
section: 
‘‘(o) DISCLOSURES TO COMMISSION RELATING TO CO-
LUMBITE-TANTALITE, CASSITERITE, GOLD, AND WOLF-
RAMITE
ORIGINATING
IN
DEMOCRATIC
REPUBLIC
OF 
CONGO.— 
‘‘(1) IN
GENERAL.—Not later than 180 days 
after the date of the enactment of this subsection, the 
Commission shall promulgate rules requiring any 
person described in paragraph (2)— 
‘‘(A) to disclose annually to the Commission 
in a report— 
‘‘(i) whether the columbite-tantalite, 
cassiterite, gold, or wolframite that was nec-
essary as described in paragraph (2)(A)(ii) 
in the year for which such report is sub-
mitted originated or may have originated 
in the Democratic Republic of Congo or an 
adjoining country; and
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‘‘(ii) a description of the measures 
taken by the person, which may include an 
independent audit, to exercise due diligence 
on the source and chain of custody of such 
columbite-tantalite, 
cassiterite, 
gold, 
or 
wolframite, or derivatives of such minerals, 
in order to ensure that the activities of such 
person that involve such minerals or deriva-
tives did not directly or indirectly finance 
or benefit armed groups in the Democratic 
Republic of Congo or an adjoining country; 
and 
‘‘(B) make the information disclosed under 
subparagraph (A) available to the public on the 
Internet website of the person. 
‘‘(2) PERSON DESCRIBED.— 
‘‘(A) IN GENERAL.—A person is described 
in this paragraph if— 
‘‘(i) the person is required to file re-
ports to the Commission under subsection 
(a)(2); and 
‘‘(ii) 
columbite-tantalite, 
cassiterite, 
gold, or wolframite is necessary to the 
functionality or production of a product 
manufactured by such person.
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‘‘(B) DERIVATIVES.—For purposes of this 
paragraph, if a derivative of a mineral is nec-
essary to the functionality or production of a 
product manufactured by a person, such mineral 
shall also be considered necessary to the 
functionality or production of a product manu-
factured by the person. 
‘‘(3) REVISIONS
AND
WAIVERS.—The Commis-
sion shall revise or temporarily waive the require-
ments described in paragraph (1) if the President de-
termines that such revision or waiver is in the public 
interest. 
‘‘(4) TERMINATION
OF
DISCLOSURE
REQUIRE-
MENTS.— 
‘‘(A) IN GENERAL.—Except as provided in 
subparagraph (B), the requirements of para-
graph (1) shall terminate on the date that is 5 
years after the date of the enactment of this sub-
section. 
‘‘(B) 
EXTENSION
BY
SECRETARY
OF 
STATE.—The date described in subparagraph (A) 
shall be extended by 1 year for each year in 
which the Secretary of State certifies that armed 
parties to the ongoing armed conflict in the 
Democratic Republic of Congo or adjoining
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countries continue to be directly involved and 
benefitting from commercial activity involving 
columbite-tantalite, cassiterite, gold, or wolf-
ramite. 
‘‘(5) ADJOINING
COUNTRY
DEFINED.—In this 
subsection, the term ‘adjoining country’, with respect 
to the Democratic Republic of Congo, means a coun-
try that shares an internationally recognized border 
with the Democratic Republic of Congo.’’. 
SEC. 1503. REPORT. 
Not later than 2 years after the date of the enactment 
of this Act, the Comptroller General of the United States 
shall submit to Congress a report that includes the fol-
lowing: 
(1) An assessment of the effectiveness of section 
13(o) of the Securities Exchange Act of 1934, as 
added by section 1302, in promoting peace and secu-
rity in the eastern Democratic Republic of Congo. 
(2) A description of the problems, if any, encoun-
tered by the Securities and Exchange Commission in 
carrying out the provisions of such section 13(o). 
(3) A description of the adverse impacts of car-
rying out the provisions of such section 13(o), if any, 
on communities in the eastern Democratic Republic 
of Congo.
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(4) Recommendations for legislative or regu-
latory actions that can be taken— 
(A) to improve the effectiveness of the provi-
sions of such section 13(o) to promote peace and 
security in the eastern Democratic Republic of 
Congo; 
(B) to resolve the problems described pursu-
ant to paragraph (2), if any; and 
(C) to mitigate the adverse impacts de-
scribed pursuant paragraph (3), if any. 
Amend the title so as to read: ‘‘An Act to promote 
the financial stability of the United States by improving 
accountability and transparency in the financial system, 
to end ‘too big to fail’, to protect the American taxpayer 
by ending bailouts, to protect consumers from abusive fi-
nancial services practices, and for other purposes.’’. 
Attest: 
Secretary.