Fannie Mae-No Politics (FNMA)

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Most of this GSE definition has since been rendered obsolete in the Gov conceivership nationalization of F&F.

Also, TSE is a more appropriate term, i.e., "Taxpayer Sponsored Enterprise".

Thanks for finding this.

The term ‘‘government-sponsored enterprise’’ means a corporate entity created by a law of the United States that —

(A) (i) has a Federal charter authorized by law;

(ii) is privately owned, as evidenced by capital stock owned by private entities
or individuals;

(iii) is under the direction of a board of directors, a majority of which is elected
by private owners;

(iv) is a financial institution with power to —
(I) make loans or loan guarantees for limited purposes such as to provide
credit for specific borrowers or one sector; and

(II) raise funds by borrowing (which does not carry the full faith and credit
of the Federal Government) or to guarantee the debt of others in unlimited
amounts; and

(B) (i) does not exercise powers that are reserved to the Government as sovereign
(such as the power to tax or to regulate interstate commerce);

(ii) does not have the power to commit the Government financially (but it may
be a recipient of a loan guarantee commitment made by the Government); and

(iii) has employees whose salaries and expenses are paid by the enterprise and
are not Federal employees subject to title 5.

Source: Title 2, Chapter 17A, § 622(8)
https://www.law.cornell.edu/uscode/text/2/622
http://www.gpo.gov/fdsys/pkg/USCODE-2010-title2/pdf/USCODE-2010-title2-chap17A-sec622.pdf