12 USC § 4503 - Protection of taxpayers against liability

---
identifier: "/us/usc/t12/s4503"
source: "usc"
legal_status: "official_prima_facie"
title: "12 USC § 4503 - Protection of taxpayers against liability"
title_number: 12
title_name: "BANKS AND BANKING"
section_number: "4503"
section_name: "Protection of taxpayers against liability"
chapter_number: 46
chapter_name: "GOVERNMENT SPONSORED ENTERPRISES"
positive_law: false
currency: "119-84"
last_updated: "2026-04-17"
format_version: "1.1.0"
generator: "[email protected]"
source_credit: "(Pub. L. 102–550, title XIII, § 1304, Oct. 28, 1992, 106 Stat. 3944.)"
---


# § 4503. Protection of taxpayers against liability

This chapter may not be construed as obligating the Federal Government, either directly or indirectly, to provide any funds to the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association, or the Federal Home Loan Banks, or to honor, reimburse, or otherwise guarantee any obligation or liability of the Federal Home Loan Mortgage Corporation, the Federal National Mortgage Association, or the Federal Home Loan Banks. This chapter may not be construed as implying that any such enterprise or Bank, or any obligations or securities of such an enterprise or Bank, are backed by the full faith and credit of the United States.

---

**Source Credit**: (Pub. L. 102–550, title XIII, § 1304, Oct. 28, 1992, 106 Stat. 3944.)

## Editorial Notes

### References in Text

This chapter, referred to in text, was in the original “This title and the amendments made by this title”, meaning title XIII of , , , which is classified principally to this chapter. For complete classification of title XIII to the Code, see Short Title note set out under  and Tables.