The Chinese Government estimated its public procurement market at, I think, $110 billion in 2009, but we have figures from our Department of Commerce report, Doing Business in China, that puts that actual figure in excess of $200 billion.
Royce discusses discrepancies in estimates of China's public procurement market.
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I hope this Administration and this Congress have learned something from this failed duopoly and do the hard work necessary to reform our housing finance system.
I plan to introduce legislation with two objectives: The first, to explicitly prohibit Fannie and Freddie from engaging in lobbying activities while in conservatorship.
In the decade leading up to the financial crisis of 2008, Fannie Mae and Freddie Mac spent nearly $200 million on lobbying activities and campaign contributions.
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