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House Eyes Stricter Oversight Of Fannie, Freddie

Law360 (May 21, 2007, 12:00 AM EDT) -- The U.S. House of Representatives will vote on Tuesday on a bill that, if passed, would create a stronger regulator for government-sponsored organizations Fannie Mae and Freddie Mac.

Representative Barney Frank, the bill’s sponsor, said on Friday that he expected the House to vote on the bill during Tuesday’s session. Frank’s comment followed Thursday’s extended debate on the law, which resulted in an amendment that would give the new regulator a say in the companies’ investments.

The $1.4 trillion portfolio has been a bone of contention...
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