End of GSE Conservatorship Preparation Act of 2025
The End of GSE Conservatorship Preparation Act of 2025 would require the U.S. Treasury to bring to Congress completed proposals for terminating the conservatorships of Fannie Mae and Freddie Mac (the government-sponsored enterprises, or GSEs). The bill references prior 2021 letter agreements between Treasury and the GSEs and would compel Treasury to report within 30 days of enactment whether the Article IX proposals in those agreements have been completed for each GSE, and to submit any completed proposals. If those proposals are not yet completed, Treasury must include the latest draft and, within 90 days, submit the completed proposal(s) to the specified congressional committees. In short, the measure accelerates and formalizes congressional oversight and the potential wind-down or restructuring of the government’s control over Fannie Mae and Freddie Mac.
Key Points
- 1Short title: The act may be cited as the “End of GSE Conservatorship Preparation Act of 2025.”
- 2Reporting requirement: Within 30 days of enactment, Treasury must tell Congress whether the Article IX proposals in the January 14, 2021 Letter Agreements with Fannie Mae and Freddie Mac have been completed, and whether either or both proposals exist in a completed form.
- 3Incomplete proposals handling: If Treasury finds that the proposals have not been completed, the secretary must include the latest incomplete draft in the report.
- 4Mandatory final submission: Within 90 days after enactment, Treasury must complete and submit the proposal(s) for terminating the conservatorships to the congressional committees identified in the report.
- 5Committees of oversight: The required report and any proposals are to be submitted to the House Committee on Financial Services and the Senate Committee on Banking, Housing, and Urban Affairs.