I
103D CONGRESS
2D SESSION
H. R. 3861
To amend the District of Columbia Self-Government and Governmental Reor-
ganization Act to permit the District of Columbia to subject the income
of the Federal National Mortgage Association, the Federal Home Loan
Mortgage Corporation, and the Student Loan Marketing Association
to taxation by the District of Columbia, to require the Federal National
Mortgage Association to maintain its principal office in the District
of Columbia, and to require the Mayor of the District of Columbia
to submit a report to Congress on the economic impact of such entities
on the District of Columbia.
IN THE HOUSE OF REPRESENTATIVES
FEBRUARY 10, 1994
Mr. STARK introduced the following bill; which was referred to the Committee
on the District of Columbia
A BILL
To amend the District of Columbia Self-Government and
Governmental Reorganization Act to permit the District
of Columbia to subject the income of the Federal Na-
tional Mortgage Association, the Federal Home Loan
Mortgage Corporation, and the Student Loan Marketing
Association to taxation by the District of Columbia, to
require the Federal National Mortgage Association to
maintain its principal office in the District of Columbia,
and to require the Mayor of the District of Columbia
to submit a report to Congress on the economic impact
of such entities on the District of Columbia.
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled,
SECTION 1. PERMITTING DISTRICT OF COLUMBIA TO SUB-
JECT 
CERTAIN 
GOVERNMENT-SPONSORED
ENTERPRISES TO TAXATION.
(a) IN GENERAL.—Section 302 of the District of Co-
lumbia Self-Government and Governmental Reorganiza-
tion Act (sec. 1–204, D.C. Code) is amended—
(1) by striking ‘‘Except’’ and inserting ‘‘(a) Ex-
cept’’; and
(2) by adding at the end the following new sub-
section:
‘‘(b) Notwithstanding any other provision of Federal
law, the legislative power of the District shall include the
power to subject the income of the Federal National Mort-
gage Association, the Federal Home Loan Mortgage Cor-
poration, and the Student Loan Marketing Association to
taxation for any taxable year.’’.
(b) EFFECTIVE DATE.—The amendment made by
subsection (a) shall apply to taxable years beginning with
1994.
SEC. 2. REQUIRING FEDERAL NATIONAL MORTGAGE ASSO-
CIATION TO MAINTAIN PRINCIPAL OFFICE IN
DISTRICT OF COLUMBIA.
Title VII of the District of Columbia Self-Govern-
ment and Governmental Reorganization Act is amended
by inserting after section 734 the following new section:
‘‘LOCATION OF PRINCIPAL OFFICE OF FEDERAL
NATIONAL MORTGAGE ASSOCIATION
‘‘SEC. 735. Notwithstanding any other provision of
Federal law, the Federal National Mortgage Association
may maintain its principal office only in the District of
Columbia.’’.
SEC. 3. STUDY OF ECONOMIC IMPACT OF GOVERNMENT-
SPONSORED ENTERPRISES ON THE DISTRICT
OF COLUMBIA.
(a) STUDY.—The Mayor of the District of Columbia
shall conduct a study of the economic impact on the Dis-
trict of Columbia of the activities of the Federal National
Mortgage Association, the Federal Home Loan Mortgage
Corporation, and the Student Loan Marketing Associa-
tion, and shall include in the study an analysis of the po-
tential effects on the revenues of the District of Columbia
of the amendment made by section 1.
(b) REPORT.—Not later than 90 days after the date
of the enactment of this Act, the Mayor shall submit a
report to the Committee on the District of Columbia of
the House of Representatives and the Committee on Gov-
ernmental Affairs of the Senate on the study conducted
under subsection (a).
Æ