Treasury Can Place Limits on GSE Debt Issuance, New Congressional Research Service Report Says
August 24, 2004
In another indication that the Bush administration is prepared to possibly limit portfolio growth at Fannie Mae and Freddie Mac, congressional researchers have concluded that the Department of Treasury does have the authority to limit the funding activities of the government-sponsored enterprises. “There is nothing in the statutory language to suggest that this [GSE debt or security] approval authority is limited to the ‘traffic cop’ role through which the Secretary [of the Treasury] has traditionally exercised