Ed Royce: “Make no mistake, these weaknesses overseas put us in danger here at home.”

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.

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

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