WHAT THE LAW DOINCongress, in plain words

The law › Title 12, Banks and Banking › Chapter 11A

12 U.S.C. 1452: Federal Home Loan Mortgage Corporation

Created in 1970 by Public Law 91-351. Changed by 5 later laws. No bill we track in this Congress changes it.

3 other sections of the Code cite this one, including 12 U.S.C. 1455, 12 U.S.C. 4518, 43 U.S.C. 1543.

6 parts of federal rules cite it as their authority, written by Fiscal Service, Department of the Treasury (3), Federal Housing Finance Agency (2), Office of Federal Housing Enterprise Oversight, Department of Housing and Urban Development (1).

This Congress

No bill we track in the 119th Congress changes this section.

    How it got here

    2008

    • Pub. L. 110–289, §1162(b)(1)(A), substituted "13 persons, or such other number as the Director determines appropriate, who" for "18 persons, 5 of whom shall be appointed annually by the President of the United States and the remainder of whom" in first sentence and struck out "ap… (Housing and Economic Recovery Act of 2008) Law text · (a)
    • Pub. L. 110–289, §1153(b)(3), substituted "Except to the extent action under section 4636a of this title temporarily results in a lesser number, the" for "The" in second sentence. (Housing and Economic Recovery Act of 2008) Law text · (a)
    • Pub. L. 110–289, §1162(b)(1)(B), struck out "such or" before "elected" and ", except that any appointed member may be removed from office by the President for good cause" before period at end. (Housing and Economic Recovery Act of 2008) Law text · (a)
    • Pub. L. 110–289, §1162(b)(1)(C), struck out "elective" after "Any" in second sentence and struck out first sentence which read as follows: "Any appointive seat on the Board of Directors that becomes vacant shall be filled by appointment by the President of the United States, but … (Housing and Economic Recovery Act of 2008) Law text · (a)
    • Pub. L. 110–289, §1161(c)(1), substituted "Director of the Federal Housing Finance Agency" for "Director of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development". (Housing and Economic Recovery Act of 2008) Law text · (b), (h)
    • Pub. L. 110–289, §1113(b)(2), added par. (4). (Housing and Economic Recovery Act of 2008) Law text · (h)

    1992

    • Pub. L. 102–550, §1382(c)(1), in second sentence, struck out "and" after "mortgage lending industry," and inserted before period ", and at least 1 person from an organization that has represented consumer or community interests for not less than 2 years or 1 person who has demons… · (a)
    • Pub. L. 102–550, §1382(d), inserted before period at end ", except that any appointed member may be removed from office by the President for good cause". · (a)
    • Pub. L. 102–550, §1382(e), amended subsec. (b) generally, substituting present provisions for provisions which outlined general regulatory authority of the Secretary of Housing and Urban Development over Corporation in such areas as mortgage purchases, dividends, examinations and audit… · (b)
    • Pub. L. 102–550, §1382(f)(1), (g), in cl. (9) of first sentence, inserted "as the Board of Directors determines reasonable and comparable with compensation for employment in other similar businesses (including publicly held financial institutions or other major financial services compa… · (c)
    • Pub. L. 102–550, §1382(h), struck out at end "No attachment or execution shall be issued against the Corporation or any of its property before final judgment in any State, Federal, or other court." · (f)
    • Pub. L. 102–550, §1382(f)(2), added subsec. (h). · (h)

    1989

    • Pub. L. 101–73, §731(b)(1), amended subsec. (a) generally, reorganizing provisions into pars. (1) and (2), and substituting provisions setting forth general policies as governing Board, membership requirements and vacancies, for provisions setting forth status of members, liabilities, … · (a)
    • Pub. L. 101–73, §731(c), added subsec. (b) and redesignated former subsecs. (b) to (f) as (c) to (g), respectively. · (b), (c), (d), (e), (f), (g)

    1984

    • Pub. L. 98–369 struck out "by the United States," before "by any territory", substituted "possession of the United States" for "possession thereof," and struck out "The provisions of this subsection shall be applicable without regard to any other law, including without limitation on th… · (d)

    1979

    • Pub. L. 96–153 added subsec. (f). · (f)

    Text, outline and history from the official U.S. Code (2024 edition) on GovInfo, published by the Office of the Law Revision Counsel. Changes made after that edition appear under This Congress.