Political Quotes

Ed Royce: “I plan to introduce legislation with two objectives: The first, to explicitly prohibit Fannie and Freddie from engaging…”

On the recordSeptember 26, 2018
I plan to introduce legislation with two objectives: The first, to explicitly prohibit Fannie and Freddie from engaging in lobbying activities while in conservatorship.
Said by
Ed Royce
Republican · California

Editor's note · Context

Royce outlines his legislative goals regarding Fannie and Freddie's lobbying activities.

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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.

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