Ed Royce: “I appreciate the efforts of Mr. Watts, one of our witnesses with us today.”

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.

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

Clearly there is strong bipartisan support for well-resourced, broad engagement in Africa.