TITLE I—REDUCING RISKY LENDING AND HOUSING MARKET INSTABILITY
Subtitle A—Withdrawing Failed Government Mortgage Corporations
PART 1—IMMEDIATE REFORMS OF GOVERNMENT-SPONSORED CORPORATIONS
Sec. 101. Repeal of housing goals for enterprises.
Sec. 102. Repeal of Housing Trust Fund.
Sec. 103. Repeal of Capital Magnet Fund.
Sec. 104. Limitation on enterprise mortgage purchases.
Sec. 105. Repeal of banking agencies’ authority relating Freddie Mac transactions.
PART 2—MAKING SPACE FOR PRIVATE SECONDARY MARKETS
Sec. 111. Reduction of enterprise conforming loan limits.
Sec. 112. Loan-to-value limitation on enterprise mortgage purchases.
Sec. 113. Increased capital standards for enterprises.
Sec. 114. Enterprise portfolio limitations.
PART 3—ABOLITION OF FANNIE MAE AND FREDDIE MAC
Sec. 121. Abolishment of enterprises.
Subtitle B—Termination of Insurance for Banks’ Mortgage Lending
PART 1—IMMEDIATE REFORMS OF FHA CREDIT PROGRAMS
Sec. 131. FHA lender repurchase requirement.
Sec. 132. Prohibition of FHA mortgage insurance for cash-out refinancings.
Sec. 133. FHA limitation on seller concessions.
PART 2—REDUCING TAXPAYER GUARANTEES OF MORTGAGES
Sec. 141. Reduction of FHA mortgage insurance coverage.
Sec. 142. Increase in FHA downpayment requirement.
PART 3—TERMINATION OF FHA CREDIT GUARANTEES
Sec. 151. Termination of FHA insurance authority.
Subtitle C—Ending Guarantees for Government Mortgage-Backed Securities
Sec. 161. Limitation on GNMA guarantees.
Sec. 162. Abolishment of Ginnie Mae.
Subtitle D—Repealing Regulations That Promote Risky Lending
Sec. 171. Repeal of the Community Reinvestment Act of 1977.
Sec. 172. Repeal of Dodd-Frank credit risk retention provisions.
Sec. 173. Repeal of Dodd-Frank ability to repay and qualified mortgage provisions.
Sec. 174. Repeal of the Home Mortgage Disclosure Act of 1975.
Sec. 175. Repeal of Federal Home Loan Banks Affordable Housing Program and housing goals.
Sec. 176. Repeal of FDIC Affordable Housing Program.
Subtitle E—Stopping Subsidies for Certain Obstacles to Housing Construction
Sec. 181. Repeal of transportation planning provisions; rescission.
Sec. 182. Termination of HUD sustainable communities initiatives; rescission.
TITLE II—ENDING BANK BAILOUTS AND RESTORING MARKET DISCIPLINE
Subtitle A—Reducing Risks to Bank Depositors and Other Creditors
Sec. 201. Capital requirements.
Sec. 202. FDIC insurance.
Subtitle B—Repeal of Bailout Authorities
Sec. 211. Repeal of FDIC powers under the systemic risk determination.
Sec. 212. Repeal of unusual and exigent authority of the Federal Reserve.
Sec. 213. Exchange Stabilization Fund.
Subtitle C—Bankruptcy, Not Bailouts, for Complex Financial Institutions
Sec. 221. Reforming the bankruptcy code to accommodate failing financial institutions.