Blake Moore: “We understand that FHFA Director Watt is doing everything in his power to conserve the assets of the GSEs. However, I…”

“We understand that FHFA Director Watt is doing everything in his power to conserve the assets of the GSEs. However, I agree with the chairman, Mr. Hensarling, that we disagree that the CEOs of these two companies in conservatorship, whose operations are controlled by their regulator, should be paid multimillion-dollar compensation packages. The Treasury, which is the GSE's largest shareholder, opposes these proposed pay packages for the GSE CEOs, and so do we. So, Mr. Speaker, I therefore support S. 2036 and would urge my colleagues to support this legislation. Mr. Speaker, I have no other speakers. I yield back the balance of my time.”