The main purpose of this legislation is to require the Secretary of the Treasury to provide Congress with detailed proposals for ending the conservatorships of two major government-sponsored enterprises, Fannie Mae and Freddie Mac. These organizations play a significant role in the housing finance market, and the bill aims to clarify the steps needed to transition them out of government control. Key provisions of the legislation include a requirement for the Secretary of the Treasury to submit a report to specific congressional committees within 30 days of the law being enacted.