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Home » Store » Taxable » FHFB Urged to Resolve Delegation Issue

FHFB Urged to Resolve Delegation Issue

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The Federal Housing Finance Board should consider options that would allow all members of the agency – and not just its chairman – to make key policy and administrative decisions, according to a new General Accounting Office report. At issue is a 1993 Finance Board resolution on “delegation of authority” that gave the agency’s chairman virtual power to decide and implement major changes with little or no consultation with other board members. The FHFB’s
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