Ed Royce: “But what was so unusual here was that we set in place a moral hazard situation with the GSEs like no other.”

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.

It has been an honor, Mr. Yoho, to work with you.

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.