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house Bill H.R. 3340

Fannie-Freddie Debt Elimination Act of 2013

Bill Details

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Fannie-Freddie Debt Elimination Act of 2013

Official Title

To require use of amounts repaid to the Secretary of the Treasury by Fannie Mae and Freddie Mac to reduce the national debt.


Fannie-Freddie Debt Elimination Act of 2013 - Requires any amounts paid or repaid to the Secretary of the Treasury by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) to be transferred to the special Treasury account into which money received as gifts and proceeds from the sale or redemption of gifts is deposited for reduction of the national debt. Prohibits the Secretary from entering into any agreement to further alter, amend, or change any provision of the Amended and Restated Senior Preferred Stock Purchase Agreements referred to by this Act that relates to dividend payment dates, dividend periods, dividend rates, or dividend amounts.

bill Progress

  • Not enacted
    The President has not signed this bill
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  • The house has not voted
      house Committees
      Committee on Financial Services
    IntroducedOctober 24th, 2013

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