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==History== | ==History== | ||
The law establishing the FHFA is the Federal Housing Finance Regulatory Reform Act of 2008, which is Division A of the larger [[Housing and Economic Recovery Act of 2008]], Public Law 110-289, signed on July 30, 2008 by President | The law establishing the FHFA is the Federal Housing Finance Regulatory Reform Act of 2008, which is Division A of the larger [[Housing and Economic Recovery Act of 2008]], Public Law 110-289, signed on July 30, 2008 by President George W. Bush. One year after the law was signed, the OFHEO and the FHFB went out of existence. All existing regulations, orders and decisions of OFHEO and the Finance Board remain in effect until modified or superseded.<ref>HR 3221, signed into law as Public Law 110-289: ''A bill to provide needed housing reform and for other purposes.''<br/>Access to Legislative History: Library of Congress: [http://thomas.loc.gov/cgi-bin/bdquery/z?d110:h.r.03221: A bill to provide needed housing reform and for other purposes.] {{Webarchive|url=https://web.archive.org/web/20080918041801/http://thomas.loc.gov/cgi-bin/bdquery/z?d110:h.r.03221: |date=2008-09-18 }}<br/>White House pre-signing statement: [https://georgewbush-whitehouse.archives.gov/omb/legislative/sap/110-2/saphr3221-h.pdf Statement of Administration Policy: H.R. 3221 – Housing and Economic Recovery Act of 2008] {{webarchive|url=https://web.archive.org/web/20201130114333/https://georgewbush-whitehouse.archives.gov/omb/legislative/sap/110-2/saphr3221-h.pdf |date=2020-11-30 }} (July 23, 2008). Executive office of the President, Office of Management and Budget, Washington DC.</ref> | ||
On the day of the law's signing, former Director [[James B. Lockhart III|James Lockhart]] stated:<ref name='FHFA-Lockhart-2008-07-30'>{{cite news|first=James B. |last=Lockhart |title=Statement of Director James B. Lockhart on the Creation of FHFA |date=2008-07-30 |url=http://www.ofheo.gov/media/gsesign.pdf |work=(Press Release) |publisher=Federal Housing Finance Agency |access-date=2008-09-12 |url-status=dead |archive-url=https://web.archive.org/web/20080916075021/http://www.ofheo.gov/media/gsesign.pdf |archive-date=September 16, 2008 }} | On the day of the law's signing, former Director [[James B. Lockhart III|James Lockhart]] stated:<ref name='FHFA-Lockhart-2008-07-30'>{{cite news|first=James B. |last=Lockhart |title=Statement of Director James B. Lockhart on the Creation of FHFA |date=2008-07-30 |url=http://www.ofheo.gov/media/gsesign.pdf |work=(Press Release) |publisher=Federal Housing Finance Agency |access-date=2008-09-12 |url-status=dead |archive-url=https://web.archive.org/web/20080916075021/http://www.ofheo.gov/media/gsesign.pdf |archive-date=September 16, 2008 }} | ||
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