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Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011

Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote .

Official summary

Version 00 · Introduced in House · Jan 5, 2011

Fannie Mae and Freddie Mac Accountability and Transparency for Taxpayers Act of 2011 - Directs the Inspector General (IG) of the Federal Housing Finance Agency to submit quarterly reports to Congress on the IG's activities with respect to the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) and their activities and condition while they are in conservatorship status.

Amends the Housing and Community Development Act of 1992 to give the Federal Housing Finance Agency IG: (1) direct hire authority; and (2) law enforcement authority exempt from the condition that the Attorney General make an initial determination of the IG's eligibility to exercise such authority.

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Who introduced it

Rep. Biggert, Judy [R-IL-13] · R–IL

Committees

  • Financial Services Committee
21 cosponsorship records, including any withdrawals

Actions

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  1. Forwarded by Subcommittee to Full Committee (Amended) by Voice Vote .

  2. Subcommittee Consideration and Mark-up Session Held.

  3. Subcommittee Consideration and Mark-up Session Held.

  4. Subcommittee Hearings Held.

  5. Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

  6. Referred to the House Committee on Financial Services.

  7. Introduced in House

  8. Introduced in House

Bill text & related measures

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Related bills identified by Congress.gov

No related bills are listed in this snapshot. This does not establish whether the proposal has appeared in earlier Congresses.

Source last updated: Aug 14, 2025. Consult Congress.gov for the current record.

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Objective

Analyze H.R.31 as objectively as possible. Explain its main provisions, who would be affected, possible benefits and harms, implementation, exceptions, and uncertainties. Present the strongest arguments for and against it, and identify evidence needed to assess its public impact.

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Fairness and public impact

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Institutions and government scope

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Individual rights and government power

Liberty lens

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