Replies to post #363037 on Fannie Mae-No Politics (FNMA)

[big-yank]

The reference is, I believe, to an amendment inserted by Senator Corker to the 2016 spending bill passed last December to avoid another government shutdown. By recollection it banned any action being taken by government until 2018. I have a link for it on my other computer which is not with me at the moment.

[Rdy2go]

I believe it is in the 2016 Omnibus bill passed last year. See section 702. Here is a link. https://www.congress.gov/bill/114th-congress/house-bill/2029/text

[Ripcord01]

There was a timeline on the omnibus bill. It said they couldn't be sold for a certain period. I want to say 2 years from the passing of the bill. I will have to research.

However, the court could invalidate the warrants without congressional approval. The bill only states the Treasury/FHFA/conservator could not sell the warrants.

Plus, any action by Congress could always be overturned in the courts. That is part of the checks and balances.