HB5549: End of GSE Conservatorship Preparation Act of 2023
- 1Introduced (current step)
- 2Passed One Chamber
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
To require the Secretary of the Treasury to submit to the Congress completed proposals for the termination of the conservatorships of Fannie Mae and Freddie Mac, and for other purposes.
Plain-language summary
This bill requires the Treasury Secretary to develop and submit detailed plans to Congress for ending the conservatorships of Fannie Mae and Freddie Mac, two government-sponsored mortgage companies placed under government control during the 2008 financial crisis. Conservatorship means the government manages these companies' operations and finances as a temporary protective measure. The bill asks for concrete proposals on how to return these companies to private ownership and operation. The bill was introduced in 2023 and is currently awaiting review.
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HB5549: End of GSE Conservatorship Preparation Act of 2023