Collins v. Yellen
U.S. Supreme Court · decided June 23, 2021 · Supreme Court Database (Spaeth)
- Decided
- June 23, 2021
- Term
- October Term 2020
- Vote
- 7–2
- Majority author
- Justice Alito
- Issue area
- Miscellaneous
- Disposition
- Affirmed and reversed (or vacated) in part and remanded
- Outcome
- Petitioning party won
- Ideological direction
- Liberal
- Constitutional ruling
- Federal law held unconstitutional
Opinion excerpt
(Slip Opinion) OCTOBER TERM, 2020 1 Syllabus NOTE: Where it is feasible, a syllabus (headnote) will be released, as is being done in connection with this case, at the time the opinion is issued. The syllabus constitutes no part of the opinion of the Court but has been prepared by the Reporter of Decisions for the convenience of the reader. See United States v. Detroit Timber & Lumber Co., 200 U. S. 321 , 337. SUPREME COURT OF THE UNITED STATES Syllabus COLLINS ET AL. v. YELLEN, SECRETARY OF THE TREASURY, ET AL. CERTIORARI TO THE UNITED STATES COURT OF APPEALS FOR THE FIFTH CIRCUIT No. 19–422. Argued December 9, 2020—Decided June 23, 2021* When the national housing bubble burst in 2008, the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mort- gage Corporation (Freddie Mac), two of the Nation’s leading sources of mortgage financing, suffered significant losses that many feared would imperil the national economy. To address that concern, Congress en- acted the Housing and Economic Recovery Act of 2008 (Recovery Act), which, among other things, created the Federal Housing Finance Agency (FHFA)—an independent agency tasked with regulating the companies and, if necessary, stepping in as their conservator or re- ceiver. See 12 U. S. C. §4501 et seq. At the head of the Agency, Con- gress installed a single Director, removable by the President only “for…
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