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Frank Predicts GSE Bill Passage.(government sponsored enterprises)(Barney Frank)(Brief article)
WASHINGTON -- The House of Representatives can pass a GSE regulatory reform bill by April 2 when Congress leaves for its spring recess, predicted the new chairman of the House Financial Services Committee.
Chairman Barney Frank, D-Mass., said the new GSE bill will tighten regulation of Fannie Mae and Freddie Mac, but will not mandate a cut in their giant mortgage portfolios.
Essentially, the new bill will be similar to the GSE bill the House passed in the last Congress by a 331-90 vote.
Rep. Frank spoke at the National Press Club just before the new Congress convened last week. The Democrats are now in control of both the House and ...
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Source: HighBeam Research, Frank Predicts GSE Bill Passage.(government sponsored...