Hey there! Thanks for the correction! Going from memory here, but I am certain I got the name of the bill directly off the bill itself. I remember citing it, and reading the bloody thing to a great degree. It’s possible that the name got changed at some later time. This was a college paper, and one that I knew was going to get every single citation checked and verified by the professor, so I was beyond meticulous in citations. I got an A lol.
But thank you very much for catching this difference! These things DO matter!!
Have a great evening!
D
According to The Library of Congress Website, the Federal Housing Enterprises Regulatory Reform Act of 1992 passed the senate but was 'held at desk'. Another one of the same name (Federal Housing Enterprise Regulatory Reform Act of 2005) that McCain cosponsored in 2005 also didn't get passed. So, who knows when names were changed or whatnot.
Also, Title XIII of the HaCDA, section 1332 establishes goals for low and moderate income housing, and section 1345 describes the monetary penalties than can be imposed for failing to meet goals. However, both of these only pertain to Fannie and Freddie as defined at the start of Title XIII. Do you know if there was a bill that did affect non Freddie/Fannie banks? Even if there is no bill that specifies it, it seems to me like other banks would willingly take give out subprime loans in order to sell them to Fannie and Freddie, who needed to meet quotas.