S. 3471 — A bill to prohibit government-sponsored enterprises from making lobbying expenditures, political contributions, or other certain contributions.

Summary

Prohibits the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) and their affiliates from making: (1) lobbying expenditures; (2) political contributions; or (3) contributions to any nonprofit tax-exempt organization.

Declares that violating this Act shall constitute violation of federal law limiting the use of appropriated funds to influence certain federal contracting and financial transactions (thus, imposing the same penalties).

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Related Legislation

H.R. 7254To prohibit government-sponsored enterprises from making lobbying expenditures, political contributions, or other certain contributions.
2008-10-03Referred to the House Committee on Financial Services.
Related

Legislative Actions

2008-09-11
Introduced in Senate
2008-09-11
Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

A bill to prohibit government-sponsored enterprises from making lobbying expenditures, political contributions, or other certain contributions.

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Summary

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