Amendment, as modified, prohibits government sponsored enterprises from treating the costs of making allocations to the affordable housing fund as a regular business expense.

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Amendment Number
224
Description
Amendment, as modified, prohibits government sponsored enterprises from treating the costs of making allocations to the affordable housing fund as a regular business expense.
Purpose
An amendment designated as the second amendment numbered 22 printed in the Congressional Record to prohibit GSE's from treating the costs of making allocations to the affordable housing funds as either regular business expenses or redirecting the costs through increased fees, decreased premiums, or any other manner.
Congress
110
Type
HAMDT
Latest Action Date
May 17, 2007
Latest Action Text
On agreeing to the Garrett (NJ) amendment (A022) as modified Agreed to by voice vote. (text as modified: CR H5463)
Latest Action Time
23:55:44
Submitted Date
May 17, 2007
Chamber
House of Representatives
Update Date
Dec 5, 2020
Amendment 224 — Informed