Lawmakers Continue Stumping for GSE Reform, But Oversight Agencies Develop Contingency Plans
September 7, 2006
The Bush administration is still pursuing sweeping legislative reform as its first choice to im-prove oversight of Fannie Mae and Freddie Mac, but executive branch agencies are also pushing more modest regulatory changes under existing laws that may remain in effect for some time to come. With Congress back in session this week, not much has changed with the stalled legislation to reform government-sponsored enterprises. House Committee on Financial Services Chairman Michael Oxley, R-GA, and House Democrats...