1. Short title
This Act may be cited as the “Fannie Mae and Freddie Mac Lobbying Regulation Act of 2019”.
Fannie Mae and Freddie Mac Lobbying Regulation Act of 2019
A BILL
To regulate lobbying by Fannie Mae and Freddie Mac, and for other purposes.
2. Limitations on lobbying activity by Fannie Mae and Freddie Mac
Part 3 of subtitle A of the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 (12 U.S.C. 4601 et seq.) is amended by adding at the end the following new section:
“1357. Limitations on lobbying activity by enterprises
“During any period in which an enterprise is in conservatorship or receivership pursuant to section 1367, such enterprise may not engage in any activity that would result in such enterprise being a client for purposes of section 3(2) of the Lobbying Disclosure Act of 1995 (2 U.S.C. 1602(2)).”