Ed Royce: “I believe this legislation represents an effective way to promote U.S.-Israeli relationships in a bipartisan manner.”

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

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.

The power and influence they wielded had few peers.

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