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Increased Oversight of Ginnie Mae: Annual Reports to Congress

A new law requires the President of Ginnie Mae to report annually to Congress. This aims to increase transparency and oversight of the institution's finances, which plays a key role in the mortgage market. This provides citizens with greater assurance regarding the stability of the home financing system.
Key points
The President of Ginnie Mae will be required to testify annually before Congressional committees.
Testimony will cover Ginnie Mae's financial status, the performance of its securities, and market challenges.
The act aims to enhance oversight and accountability of financial institutions, potentially impacting real estate market stability.
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Expired
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Additional Information
Print number: 117_HR_2322
Sponsor: Rep. Kustoff, David [R-TN-8]
Process start date: 2021-04-01
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Ginnie Mae Oversight and Accountability Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_HR_2322.

Which chamber initiated this legislation?

This legislation was initiated in the House of Representatives.

When did the legislative process begin?

The process officially started on 2021-04-01.

What are the main provisions?

Key points include:

  • The President of Ginnie Mae will be required to testify annually before Congressional committees.
  • Testimony will cover Ginnie Mae's financial status, the performance of its securities, and market challenges.
  • The act aims to enhance oversight and accountability of financial institutions, potentially impacting real estate market stability.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Rep. Kustoff, David [R-TN-8].

What is the latest detailed status?

The latest detailed status is: Referred to the House Committee on Financial Services.

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-27.

CATEGORIES

Real Estate Economy