This Month May be Critical to Timely GSE Bill

Published on:
12 September 2006 at 10:19 a.m. ET

Written by: Unknown Author –

http://www.insidearm.com/news/00009832-this-month-may-be-critical-to-timely-gse-/

Next month may be critical in the push to create a new U.S. regulator for Fannie Mae and Freddie Mac, because if a bill does not clear committee before summer it may be sidelined as Congress turns its attention to annual spending bills.

In May, the chairman of the Senate Banking Committee is expected by some lobbyists to offer a bill to overhaul the companies’ regulator, but he has so far refused to commit to any schedule.

While another Senate bill has been proposed, the chairman’s is seen as that chamber’s vehicle for reforming supervision of Fannie and Freddie, both of which have been scarred by multibillion dollar accounting scandals.

For this complete story, please visit This Month May be Critical to Timely GSE Bill.

This Month May be Critical to Timely GSE Bill

Unknown Author

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