We estimate that the Royce-McCarthy legislation would inject $13 billion into new capital and to small businesses in the first year after enactment and create 140,000 new jobs, all at no cost to taxpayers.
Royce discusses the economic impact of his legislation on small businesses and job creation.
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The Countering America's Adversaries Through Sanctions Act, which was authored by myself and Mr. Eliot Engel, empowered the administration with some of the most potent weapons yet.
There have been numerous reports of senior executives at the GSEs meeting with Federal policymakers to advocate for being taken out of conservatorship.
I have one more speaker. I yield 2 minutes to the gentleman from Illinois (Mr. Roskam), a member of the Committee on Ways and Means, and co-chair of the bipartisan Task Force on Combating Anti-Semitism.
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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