Federal Housing Finance Reform Act of 2005
Sponsor: RICHARD BAKER (R-LA)
Federal Housing Finance Reform Act of 2005 - Title I: Reform of Regulation of Enterprises and Federal Home Loan Banks - Subtitle A: Improvement of Safety and Soundness - (Sec. 101) Amends the Housing and Community Development Act of 1992 (Act) to establish the Federal Housing Finance Agency (FHFA), which shall have supervisory and regulatory authority over the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (both hereinafter referred to as the "enterprises") and the Federal Home Loan Banks. (Sec. 102) Sets forth duties and authorities of the Director of FHFA, which include regulating and overseeing the operations of Fannie Mae, Freddie Mac, and the Federal Home Loan Banks (all three of which referred to as "regulated entities"). (Sec. 103) Establishes the Housing Finance Oversight Board to advise the Director.
Housing and Community Development Topic assigned by the Congressional Research Service.
Who won, and how much of the country was behind them
The dotted gap is 4.7% of U.S. adults whose member did not vote, voted “present,” or whose seat was vacant.
| Side | Outcome | Votes | Share of U.S. adults |
|---|---|---|---|
| Yea | Won | 210 | 49.4% |
| Nay | Lost | 205 | 45.9% |
| Not represented on this question | No position taken | 0 | 4.7% |