,i  #aacth ,,congress  #ast ,session    
,h4 ,r4 #bdce  ,,in ,,the ,,house ,,of  
,,representatives  ,june #ai1 #bjac ,mr4
 ,capuano introduced the following bill2
 which was referred to the ,committee on
 ,financial ,services  ,a ,,bill  ,to   
provide for the repayment of amounts    
borrowed by ,fannie ,mae and ,freddie   
,mac from the ,treasury of the ,united  
,states1 together with interest1 over a 
#cj-year period1 and for other purposes4
  #a4 ,short title ,this ,act may be    
cited as the ,let the ,g,s,es ,pay ,us  
,back ,act of #bjac4  #b4 ,repayment of 
,treasury borrowing ,the ,secretary of  
the ,treasury and each enterprise       
7acting through the conservator for the 
enterprise appointed pursuant to section
 #acfg of the ,federal ,housing         
,enterprises ,financial ,safety and     
,soundness ,act of #aiib 7#ab ,u4,s4,c4 
#dfag77 shall enter into an agreement   
with that modifies the ,preferred ,stock
 ,purchase ,agreement for such          
enterprise to provide as follows3  7#a7 

,termination of dividends ,that after   
such modification1 any ,senior          
,preferred ,stock purchased under such  
,agreement by the ,department of the    
,treasury shall not accrue further      
dividends4  7#b7 ,treatment of          
enterprise draws on ,treasury ,that any 
amounts received1 before or after such  
modification1 during a single year by   
the enterprise as a draw on the         
commitment made by the ,department of   
the ,treasury under such an ,agreement1 
shall be treated as a loan made by the  
,treasury to the enterprise that--  7,a7
 was originated on the date of the last 
such draw during such year2  7,b7 has an
 original principal obligation in an    
amount equal to the aggregate amount of 
such draws2  7,c7 has a term to maturity
 of #cj years2  7,d7 has an annual      
interest rate of #e percent for the     
entire term of the loan2  7,e7 has terms
 that provide for full amortization of  
the loan over such term to maturity2 and
  7,f7 shall be repaid by the enterprise

 in accordance with the amortization    
schedule established for the loan       
pursuant to subparagraph 7,e7 of this   
paragraph1 subject to paragraph 7#c74   
7#c7 ,treatment of dividends paid ,that 
any dividends paid by the enterprise to 
the ,department of the ,treasury under  
the ,senior ,preferred ,stock ,agreement
 before such modification of such       
,agreement shall be treated as payments 
of principal and interest due under the 
loan referred to in paragraph 7#b71 and 
shall be credited against payments due  
under the terms of such loan 7in        
accordance with the amortization        
schedule established for such loan      
pursuant to paragraph 7#b77;,e771 first 
to such loan have the earliest          
origination date that has not yet been  
fully repaid until such loan is repaid1 
and then to the next such loan having   
the next earliest origination date until
 such loan is repaid4  #c4 ,definitions 
,for purposes of this ,act1 the         
following definitions shall apply3  7#a7

 ,enterprise ,the term enterprise has   
the meaning given such term in section  
#acjc of the ,federal ,housing          
,enterprises ,financial ,safety and     
,soundness ,act of #aiib 7#ab ,u4,s4,c4 
#dejb74  7#b7 ,preferred stock purchase 
agreement ,the term ,preferred ,stock   
,purchase ,agreement means1 with respect
 to an enterprise1 the ,amended and     
,restated ,senior ,preferred ,stock     
,purchase ,agreements1 dated ,september 
#bf1 #bjjh1 amended ,may #f1 #bjji1     
further amended ,december #bd1 #bjji1   
and further amended ,december #bd1 #bjji
 7as such agreements may be further     
amended71 between the ,united ,states   
,department of the ,treasury and such   
enterprise4