H.R.1694 – Fannie and Freddie Open Records Act of 2017

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Week ending April 28, 2016

H.R.1694 – Fannie and Freddie Open Records Act of 2017

Brief

The bill’s stated purpose is “To require additional entities to be subject to the requirements of section 552 of title 5, United States Code (commonly referred to as the Freedom of Information Act), and for other purposes.”

To that end, the bill modifies the definition of ‘agency’ under the Freedom of Information Act that applies to executive branch offices including the Office of the President or any independent regulatory agency and includes the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation (Fannie Mae and Freddie Mac) during any period when ether enterprise is under conservatorship or receivership pursuant to the Fedeal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4617).

(Full text of H.R. 1694 at congress.gov)

SponsorRep. Chaffetz, Jason [R-UT-3] (Introduced 03/23/2017)

Status: Passed House /

VOTES and FLOOR ACTION

HOUSE

On Passage: On passage Passed by the Yeas and Nays: 425 – 0 (Roll no. 233)

House Amendments:

An amendment, offered by Mr. Ross, numbered 1 printed in Part B of House Report 115-96 to make technical and conforming changes to the bill  On agreeing to the Ross amendment; Agreed to by voice vote.

An amendment, offered by Mr. Johnson (GA), numbered 2 printed in Part B of House Report 115-96 to ensure that the traditional Freedom of Information Act (FOIA) exemptions apply to the subsection pertaining to the Rule of Construction. On agreeing to the Johnson (GA) amendment; Agreed to by recorded vote: 410 – 5 (Roll no. 232)

An amendment, offered by Mr. Clay, numbered 3 printed in Part B of House Report 115-96 to clarify that nothing in the bill may be construed to preclude or restrict disclosure of information regarding new products or significant new product terms prior to loan purchasing.  On agreeing to the Clay amendment Agreed to by voice vote

Motion to recommit:

Text of the motion:

SENATE

On Passage:

Procedural Actions:

Senate Amendments:

COST AND IMPACT

Cost to the taxpayers:

Pay-as-you-go requirements:

Regulatory and Other Impact:

Dynamic Scoring:   Not applicable to this bill.

Earmark Certification:

Duplication of programs:

Direct Rule-Making:

Advisory Committee Statement:

Budget Authority:

Constitutional Authority:

 

More Bill Information:

 

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