Fannie Mae-No Politics (FNMA)

[Rodney5]

Barron, The Treasury was given a limited amount of time to purchase obligations and securities (expired December 31, 2009). Treasury was authorized to purchase any obligations and other securities issued by the corporation under any section of this Act, on such terms and conditions as the Secretary may determine and in such amounts as the Secretary may determine.

PUBLIC LAW 110–289—JULY 30, 2008
HOUSING AND ECONOMIC RECOVERY ACT

AMENDED CHARTER ACT Section 304 for a Temporary time period that expired December 31, 2009.

TEMPORARY AUTHORITY OF TREASURY TO PURCHASE OBLIGATIONS AND SECURITIES;

SEC. 1117. TEMPORARY AUTHORITY FOR PURCHASE OF OBLIGATIONS OF REGULATED ENTITIES BY SECRETARY OF TREASURY.
(a) FANNIE MAE.—Section 304 of the Federal National Mortgage Association Charter Act (12 U.S.C. 1719) is amended by adding at the end the following new subsection:
‘‘(g) TEMPORARY AUTHORITY OF TREASURY TO PURCHASE OBLIGA- TIONS AND SECURITIES; CONDITIONS.

‘(4) TERMINATION OF AUTHORITY.—The authority under this subsection (l), with the exception of paragraphs (2) and (3) of this subsection, shall expire December 31, 2009.

‘‘(g) TEMPORARY AUTHORITY OF TREASURY TO PURCHASE OBLIGA- TIONS AND SECURITIES; CONDITIONS.—
‘‘(1) AUTHORITY TO PURCHASE.—
‘‘(A) GENERAL AUTHORITY.—In addition to the authority
under subsection (c) of this section, the Secretary of the Treasury is authorized to purchase any obligations and other securities issued by the corporation under any section of this Act, on such terms and conditions as the Secretary may determine and in such amounts as the Secretary may determine.

Link: https://www.congress.gov/110/plaws/publ289/PLAW-110publ289.pdf