PlainBillCongress, translated.Legislation. Context. Public interest.Referred to the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises.
Congressional Research Service
Version 00 · Introduced in House · Nov 8, 1997
TABLE OF CONTENTS: Title I: Organization of Corporation Title II: Business of Corporation Title III: Transition Title IV: Provisions Relating to Government National Mortgage Association and Office of Federal Housing Enterprise Oversight Federal Housing Corporation Charter Act - Title I: Organization of Corporation - Establishes within the Department of Housing and Urban Development the Federal Housing Corporation. Title II: Business of the Corporation - States that the Corporation shall carry out mortgage insurance programs for single family and multifamily housing and health care facilities. Requires the Corporation to comply with public purpose requirements to be established by the Secretary of Housing and Urban Development, which shall include service to underserved homebuyers, areas, and rental markets, and low- and moderate-income families. Title III: Transition - Sets forth transition provisions. Title IV: Provisions Relating to Government National Mortgage Association and Office of Federal Housing Enterprise Oversight - Amends the National Housing Act to include the Corporation within the mortgage authority of the Government National Mortgage Association. Places the Corporation under the regulatory authority of the Director of the Office of Federal Housing Enterprise Oversight.
People & committees
Rep. Vento, Bruce F. [D-MN-4] · D–MN
Legislative record
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Referred to the Subcommittee on Capital Markets, Securities and Government Sponsored Enterprises.
Referred to the Subcommittee on Housing and Community Opportunity.
Referred to the House Committee on Banking and Financial Services.
Introduced in House
Introduced in House
Primary sources
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Source last updated: Aug 21, 2025. Consult Congress.gov for the current record.
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