Ed Royce: “Last week, 60 Americans lost their jobs as a result of the President's decision not to give the green light and go ahead…”

I would like to caution against making a bad situation worse.

I plan to introduce legislation with two objectives: The first, to explicitly prohibit Fannie and Freddie from engaging in lobbying activities while in conservatorship.

There have been numerous reports of senior executives at the GSEs meeting with Federal policymakers to advocate for being taken out of conservatorship.

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.