House Votes To Subject Fannie Mae And Freddie Mac To FOIA

Law360, Washington (April 27, 2017, 6:50 PM EDT) -- The House on Thursday passed a bill to subject Fannie Mae and Freddie Mac to the Freedom of Information Act while they remain in government conservatorship, with some tweaks.

The Fannie and Freddie Open Records Act of 2017, from Rep. Jason Chaffetz, R-Utah, applies most of FOIA's requirements to the two companies, which have been in government conservatorship since the 2008 economic crisis. One of the largest departures from existing law is the addition of the ability of the two companies to charge commercial requesters a fee for their information requests.

The unanimous vote now sends the legislation to the Senate....

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