Ed Royce: “We have been woefully inadequate in our response to this crisis.”

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.

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

But I will ask both of you, we have got to engage with countries across Africa even the most challenging countries.