Amendment would limit Fannie, Freddie supervision

05/18/2007 | Wall Street Journal, The

An amendment restricting a new regulator's ability to reduce Fannie Mae and Freddie Mac's mortgage holdings passed the House of Representatives. The proposal could threaten the efforts of House Financial Services Committee Chairman Barney Frank, D-Mass., to make a compromise with the Treasury Department in devising a bill to revamp supervision of the companies.

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