,i  #aad? ,,congress  #b;d ,session  ,h4
 ,r4 #diac  ,,9 ,,! ,,h\se ,,(          
,,repres5tatives  ,april #ab1 #bjaf ,mr4
 ,mulvaney introduc$ ! foll[+ bill2 :i* 
0 ref]r$ to ! ,committee on ,f9ancial   
,s]vices  ,a ,,bill  ,to ensure !       
suffici5t capitalization ( ,fannie ,mae 
& ,fr$die ,mac & prev5t any fur!r bail\t
 ( su* ent]prises by ! ,f$]al ,gov]nm5t1
 & = o!r purposes4  #a4 ,%ort title ,?is
 ,act may be cit$ z ! ,h\s+ ,f9ance     
,re/ructur+ ,act ( #bjaf4  #b4 ,repaym5t
 ( liquidation pref]5ce  7a7 ,repaym5t &
 r$emption ,n lat] ?an ! expiration ( ! 
#fj-;day p]iod beg9n+ on ! date ( !     
enactm5t ( ?is ,act1 ! ,secret>y ( !    
,treasury %all modify ! ,s5ior ,pref]r$ 
,/ock ,pur*ase ,agreem5t = ea* ent]prise
 to provide z foll[s3  7#a7 ,deem$      
repaym5t 9 full ,effective on ! date ( !
 date ( ! enactm5t ( ?is ,act1 !        
liquidation pref]5ce on ! ,v>iable      
,liquidation ,pref]5ce ,s5ior ,pref]r$  
,/ocks ( ea* ent]prise is r$uc$ to z]o4 
7#b7 ,r$emption ( v>iable liquidation   

pref]5ce s5ior pref]r$ /ock ,pursuant to
 p>agraph 7#a71 ! ,v>iable ,liquidation 
,pref]5ce ,s5ior ,pref]r$ ,/ock ( ea*   
ent]prise %all be r$eem$ ^u ! date ( !  
modification ( ! ,s5ior ,pref]r$ ,/ock  
,pur*ase ,agreem5t requir$ "u ?is       
subsection &1 ^u & aft] su* r$emption-- 
7,a7 %>es ( su* ,v>iable ,liquidation   
,pref]5ce ,s5ior ,pref]r$ ,/ock ( ea*   
ent]prise %all no long] be deem$ to be  
out/&+ & all rights ( ! hold]s !re(1 z  
su* hold]s1 %all cease2  7,b7 %>es (    
r$eem$ ,v>iable ,liquidation ,pref]5ce  
,s5ior ,pref]r$ ,/ock ( ea* ent]prise   
%all no long] h ! /atus ( au?oriz$1     
issu$1 or out/&+ %>es2  7,c7 ! ,s5ior   
,pref]r$ ,/ock ,pur*ase ,agreem5t = ea* 
ent]prise %all be t]m9at$1 except t     
sections #b4a & #b4b ( su* ,agreem5t1 z 
modifi$ by ! ,second ,am5dm5t to !      
,s5ior ,pref]r$ ,/ock ,pur*ase ,agreem5t
 = ! ent]prise 7dat$ ,decemb] #bd1      
#bjji71 %all rema9 9 =ce & effect2 &    
7,d7 ! ,dep>tm5t ( ! ,treasury %all     
reta9 any divid5d paym5ts made by an    

ent]prise to ! ,dep>tm5t ( ! ,treasury  
be=e ! date ( ! enactm5t ( ?is ,act4    
7b7 ,no resumption ( p]iodic commitm5t  
fee ,! ,dep>tm5t ( ! ,treasury %all n   
require ! ent]prises to pay a p]iodic   
commitm5t fee1 z describ$ 9 section #c4b
 ( ! ,s5ior ,pref]r$ ,/ock ,pur*ase     
,agreem5ts4  7c7 ,ex]cise ( w>rants =   
common /ock ,not)/&+ subsection         
7a77#b77;,c7 ( ?is section1 ^u !        
enactm5t ( ?is ,act1 ! ,dep>tm5t ( !    
,treasury %all ex]cise ! w>rants = !    
pur*ase ( common /ock ( ! ent]prises    
provid$ to ! ,dep>tm5t "u ! ,s5ior      
,pref]r$ ,/ock ,pur*ase ,agreem5ts4  #c4
 ,rebuild+ ( ent]prise reta9$ capital   
7a7 ,applicability ,not)/&+ any o!r     
provision ( law or any provision ( !    
,s5ior ,pref]r$ ,/ock ,pur*ase ,agreem5t
 = an ent]prise1 ! provisions ( ?is     
section %all apply to ea* ent]prise1    
includ+ dur+ ! t]m ( any cons]vator%ip (
 an ent]prise pursuant to section #acfg 
( ! ,f$]al ,h\s+ ,ent]prises ,f9ancial  
,safety & ,s\ndness ,act ( #aiib 7#ab   

,u4,s4,c4 #dfag74  7b7 ,use ( net income
 = capital res]ves ,at any "t t an      
ent]prise is n fully capitaliz$ 7z su*  
t]m is def9$ 9 subsection 7c77#c77--    
7#a7 section #accg ( ! ,f$]al ,h\s+     
,ent]prises ,f9ancial ,safety &         
,s\ndness ,act ( #aiib 7#db ,u4,s4,c4   
#defg7 %all n apply to ! ent]prise2 &   
7#b7 ! ,director %all require t1 9 ea*  
fiscal ye>1 ! net income ( ea*          
ent]prise1 z det]m9$ by ! ,director1 =  
su* fiscal ye> %all be reta9$ & ma9ta9$ 
by ! ent]prise z reta9$ capital res]ves4
  7c7 ,full capitalization  7#a7        
,allocation to ,h\s+ ,tru/ ,fund &      
,capital ,magnet ,fund ,at any "t t an  
ent]prise is fully capitaliz$1 z det]m9$
 by ! ,director1 subsection 7b7 %all n  
apply to ! ent]prise & section #accg ( !
 ,f$]al ,h\s+ ,ent]prises ,f9ancial     
,safety & ,s\ndness ,act ( #aiib %all   
apply to ! ent]prise4  7#b7 ,divid5ds   
,an ent]prise may n1 unless ! ent]prise 
is fully capitaliz$1 decl>e or pay any  
divid5d 7:e!r common or pref]r$7 )      

respect to any equity int]e/s ( !       
ent]prise4  7#c7 ,def9ition ,= purposes 
( ?is subsection1 ! t]m fully capitaliz$
 means1 ) respect to an ent]prise1 t !  
ent]prise ma9ta9s an am\nt ( total      
capital1 z su* t]m is def9$ 9 section   
#acjc ( ! ,f$]al ,h\s+ ,ent]prises      
,f9ancial ,safety & ,s\ndness ,act (    
#aiib 7#ab ,u4,s4,c4 #dejb71 t is equal 
to or exce$s #aj p]c5t ( ! risk-weight$ 
assets ( ! ent]prise4  7d7 ,capital     
re/oration plan  7#a7 ,requirem5t ,n    
lat] ?an ! expiration ( ! #de-;day p]iod
 beg9n+ on ! date ( ! enactm5t ( ?is    
,act1 ! ,director %all prep>e & submit  
to ! ,committee on ,f9ancial ,s]vices ( 
! ,h\se ( ,repres5tatives & ! ,committee
 on ,bank+1 ,h\s+1 & ,urban ,affairs ( !
 ,s5ate a capital re/oration plan = ea* 
ent]prise t complies ) section          
#acfi;,c7a7 ( ! ,f$]al ,h\s+ ,ent]prises
 ,f9ancial ,safety & ,s\ndness ,act (   
#aiib 7#ab ,u4,s4,c4 #dfbb7;a774  7#b7  
,annual updates ,aft] submission ( a    
capital re/oration plan = an ent]prise  

pursuant to p>agraph 7#a71 dur+ any     
p]iod t an ent]prise rema9s n fully     
capitaliz$ 7z su* t]m is def9$ 9        
subsection 7c77#c771 ! ,director %all   
update ! plan = su* ent]prise on an     
annual basis & submit su* updat$ plan to
 ! ,committees ref]r$ to 9 p>agraph     
7#a71 toge!r ) a report describ+ any    
progress made t[>d re/or+ ! capital ( ! 
ent]prise dur+ ! prec$+ #a-ye> p]iod4   
7#c7 ,public availability ,! ,director  
%all make publicly available ea* capital
 re/oration plan prep>$ pursuant to     
p>agraph 7#a7 & ea* updat$ plan prep>$  
pursuant to p>agraph 7#b74  7e7         
,t]m9ation ( cons]vator%ips ,! ,director
 %all t]m9ate ! cons]vator%ip ( an      
ent]prise "u section #acfg ( ! ,f$]al   
,h\s+ ,ent]prises ,f9ancial ,safety &   
,s\ndness ,act ( #aiib 7#ab ,u4,s4,c4   
#dfag7 at su* "t t ! ent]prise atta9s1 z
 det]m9$ by ! ,director1 an am\nt (     
capital t is equal to or exce$s #e p]c5t
 ( ! risk-weight$ assets ( ! ent]prise4 
7f7 ,regulations ,n lat] ?an !          

expiration ( ! #ahj-;day p]iod beg9n+ on
 ! date ( ! enactm5t ( ?is ,act1 !      
,director %all issue regulations        
necess>y to c>ry out ?is section & !    
am5dm5ts made by ?is section4  #d4      
,private "r ( action  7a7 ,9 g5]al ,any 
individual or entity adv]sely affect$ or
 aggriev$ by action or inaction on ! "p 
( ! ,director or ! ,secret>y ( !        
,treasury 9 violation ( ?is ,act or     
title ,,xiii ( ! ,f$]al ,h\s+           
,ent]prises ,f9ancial ,safety &         
,s\ndness ,act ( #aiib 7#ab ,u4,s4,c4   
#deja et seq47 may comm5ce a civil      
action = prospective injunctive relief  
aga9/ ! ,director or ! ,secret>y1 z     
appropriate4  7b7 ,equitable relief ,9  
any action "u ?is section1 ! c\rt may   
aw>d appropriate equitable relief1      
includ+ tempor>y1 prelim9>y1 or p]man5t 
injunctive relief4  7c7 ,co/s ,9 any    
action "u ?is section1 ! c\rt %all aw>d 
! co/s ( litigation1 includ+ reasonable 
attorney & exp]t witness fees1 to any   
prevail+ or sub/antially prevail+       

pla9tiff4  7d7 ,jurisdiction ,! di/rict 
c\rts ( ! ,unit$ ,/ates %all h          
jurisdiction ov] proce$+s comm5c$       
pursuant to ?is section & %all ex]cise !
 same )\t reg>d to :e!r ! p>ty aggriev$ 
%all h exhau/$ any adm9i/rative or o!r  
rem$ies t may be provid$ = by law4  #e4 
,def9itions ,= purposes ( ?is ,act1 !   
foll[+ def9itions %all apply3 7#a7      
,director ,! t]m ,director means !      
,director ( ! ,f$]al ,h\s+ ,f9ance      
,ag5cy1 9 ! capacity ( su* ,director & 9
 ! capacity z cons]vator ( an ent]prise 
pursuant to section #acfg ( ! ,f$]al    
,h\s+ ,ent]prises ,f9ancial ,safety &   
,s\ndness ,act ( #aiib 7#ab ,u4,s4,c4   
#dfag71 z ! case may be4  7#b7          
,ent]prise ,! t]m ent]prise has ! mean+ 
giv5 su* t]m 9 section #acjc ( ! ,f$]al 
,h\s+ ,ent]prises ,f9ancial ,safety &   
,s\ndness ,act ( #aiib 7#ab ,u4,s4,c4   
#dejb74  7#c7 ,net income ,! t]m net    
income means1 ) respect to an ent]prise1
 income aft] d$uction ( all associat$   
exp5ses1 z calculat$ 9 accordance )     

g5]ally accept$ acc\nt+ pr9ciples4  7#d7
 ,risk-weight$ ,! t]m risk-weight$      
means1 ) respect to ! assets ( an       
ent]prise1 t ! am\nt ( any su* assets t 
are s+le family h\s+ mortgages meet+ !  
requirem5ts ( section #fah7;a77#a77;,b7 
( ! ,resolution ,tru/ ,corporation1     
,ref9anc+1 ,re/ructur+1 & ,improvem5t   
,act ( #aiia 7#ab ,u4,s4,c4 #ahcan note7
 are calculat$ us+ a risk-weight+ ( #ej 
p]c5t1 9 ! same mann] requir$ "u        
subsection 7a77#a77;,a7 ( su* section   
#fah ) respect to s+le family h\s+      
loans4  7#e7 ,s5ior pref]r$ /ock pur*ase
 agreem5t ,! t]m ,s5ior ,pref]r$ ,/ock  
,pur*ase ,agreem5t means1 ) respect to  
an ent]prise1 ! ,am5d$ & ,re/at$ ,s5ior 
,pref]r$ ,/ock ,pur*ase ,agreem5ts1 dat$
 ,septemb] #bf1 #bjjh1 am5d$ ,may #f1   
#bjji1 fur!r am5d$ ,decemb] #bd1 #bjji1 
& fur!r am5d$ ,augu/ #ag1 #bjab1 betwe5 
! ,dep>tm5t ( ! ,treasury & su*         
ent]prise4