I want to thank Ileana Ros-Lehtinen, our chairman emeritus here, and the ranking member, Mr. Deutch, as well as Ranking Member Engel for their leadership and hard work in authoring this bipartisan legislation that I think is quite important.
Royce praises Ros-Lehtinen, Deutch, and Engel for their bipartisan efforts on legislation.
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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.
Clearly there is strong bipartisan support for well-resourced, broad engagement in Africa.
I plan to introduce legislation with two objectives: The first, to explicitly prohibit Fannie and Freddie from engaging in lobbying activities while in conservatorship.
I would like to thank Mr. Engel of New York for his friendship for over 20 years on the committee, but also for his shared leadership over the last 6 years on this committee. I would also like to thank him for his commitment over the years…
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