Congressional sponsors of the legislation to strip Fannie Mae and Freddie Mac of their securities exemptions want the SEC to explain where it stands on the issue. The Securities and Exchange Commission is being asked whether it supports the position of Reps. Christopher Shays, R-CT, and Edward Markey, D-MA, that the disclosure and registration exemptions of Fannie Mae and Freddie Mac should be eliminated. “If the [SEC] does not support