Lawmakers would do well to create a tough new regulator for the GSEs, a pair of economists note, but this move could actually heighten the risks to taxpayers and expose the agency to unexpected political pressures. In their study, “Regulating the Housing GSEs: Thoughts on Institutional Structure and Authorities,” W. Scott Frame, economist and associate policy advisor for the Federal Reserve Bank of Atlanta, and Lawrence White, economics professor at New York University’s Stern