Fannie Mae and Freddie Mac Lobbying Regulation Act of 2019

Bill: 116-hr-2380
Sponsor: full_name: Rep. Velazquez, Nydia M. [D-NY-7]
Introduced: 2019-04-29
Policy area: Housing and Community Development
Subjects: Government corporations and government-sponsored enterprises

Government ethics and transparency, public corruption

Government lending and loan guarantees

Housing finance and home ownership

Public participation and lobbying
Latest action: action_date: 2019-04-29
text: Referred to the House Committee on Financial Services.

Summaries:
action_date: 2019-04-29
action_desc: Introduced in House
text: <p><b>Fannie Mae and Freddie Mac Lobbying Regulation Act of 2019 </b></p> <p>This bill prohibits the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) from engaging in lobbying activities while under conservatorship or receivership. </p>

tv_txt: I 116th CONGRESS 1st Session H. R. 2380 IN THE HOUSE OF REPRESENTATIVES April 29, 2019 Ms. Velázquez (for herself, Mr. Loudermilk , Mr. Foster , and Mr. Hollingsworth ) introduced the following bill; which was referred to the Committee on Financial Services A BILL To regulate lobbying by Fannie Mae and Freddie Mac, and for other purposes.

1. Short title This Act may be cited as the Fannie Mae and Freddie Mac Lobbying Regulation Act of 2019 . 2. Limitations on lobbying activity by Fannie Mae and Freddie Mac Part 3 of subtitle A of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 ( 12 U.S.C. 4601 et seq.) is amended by adding at the end the following new section: 1357. Limitations on lobbying activity by enterprises During any period in which an enterprise is in conservatorship or receivership pursuant to section 1367, such enterprise may not engage in any activity that would result in such enterprise being a client for purposes of section 3(2) of the Lobbying Disclosure Act of 1995 ( 2 U.S.C. 1602(2) ). .