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Home » Store » Taxable » Senate GSE Legislation Billed as ‘Modest Proposal’ That’s in Keeping With Other Regulators’ Powers

Senate GSE Legislation Billed as ‘Modest Proposal’ That’s in Keeping With Other Regulators’ Powers

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Senate leaders have drawn up a fairly aggressive plan for bolstering oversight of the government-sponsored enterprises, but the authors of the proposal are aware of possible attacks from GSE supporters and maintain that the bill would not hamper Fannie Mae’s and Freddie Mac’s activities in the mortgage market. According to one Senate staffer, who asked not to be named, the people who worked on the bill, the Federal Housing Regulatory Reform Act of 2005, have…
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