H.R. 1209 · Where this bill is now
In committee
Introduced in the House, sent to the Committee on Financial Services, Feb 11, 2025
What this bill does
In plain words · AI-written from the official summarySeeking a plan to end mortgage company conservatorship
This bill asks the Treasury Department to report to Congress about proposals for ending the conservatorship of Fannie Mae and Freddie Mac, which are major mortgage companies that have been under government control since the 2008 financial crisis. The report would cover plans for how and when to exit this conservatorship, as well as how Treasury would handle its financial investment in these companies.
How it affects you
Most people won't see a direct effect from this bill, since it only requires a report to Congress rather than making changes to mortgage rules or lending. However, the conservatorship and eventual exit from it affects the mortgage market broadly, since Fannie Mae and Freddie Mac are involved in a large portion of home loans in the U.S.
Read the official summary (Introduced in House, Feb 11, 2025)
End of GSE Conservatorship Preparation Act of 2025
This bill requires the Department of the Treasury to report to Congress on the status of proposals to establish a timeline and process (1) to end the conservatorship of Fannie Mae and Freddie Mac by the Federal Housing Finance Agency, and (2) for Treasury to resolve its investment in Fannie Mae and Freddie Mac. (As a result of the financial crisis, Fannie Mae and Freddie Mac entered into a conservatorship in 2008 with the Federal Housing Finance Agency. As part of this agreement, Treasury provided funds to support the solvency of Fannie Mae and Freddie Mac.)
Written by AI (Claude) using only the official summary by the Congressional Research Service, the Library of Congress’s nonpartisan research staff. It can miss nuance, so check the official summary and the bill text for details.
1st SessionH. R. 1209
A BILL
End of GSE Conservatorship Preparation Act of 2025
Sponsor: Rep. Andrew Ogles (R-TN-5) · Introduced Feb 11, 2025 · Finance and Financial Sector · 1 version of the text
Sources: Congress.gov actions and votes · bill text from GovInfo · latest official action Feb 11, 2025: “Referred to the House Committee on Financial Services.”