Press Releases
Reps. Royce, Velázquez Spearhead Bipartisan Bill to Rein in GSE Lobbying EffortsWASHINGTON, D.C. — This week, Representatives Ed Royce (R-CA) and Nydia Velázquez (D-NY) introduced the Fannie Mae and Freddie Mac Lobbying Regulation Act, H.R. 7382, bipartisan legislation aimed at limiting the two government-sponsored entities (GSE) in conservatorship from engaging in any type of lobbying activity. “If American taxpayers continue to be on the hook for Fannie and Freddie, then Congress should decide the future of these GSE's, not inside influencers,” said Rep. Royce. “History has shown that Fannie and Freddie's outsized political influence had a hand in creating the housing crisis. We should learn from the mistakes of the past.” Additional: The full text of the Fannie Mae and Freddie Mac Lobbying Regulation Act can be found HERE. |