U.S. Senator Bob Corker (R-Tenn.), a member of the Banking, Housing and Urban Affairs Committee, will today introduce the Mortgage Market Privatization and Standardization Act (S.1834). This bill aims to responsibly unwind GSEs Fannie Mae and Freddie Mac.
"We are no closer to transitioning Fannie Mae and Freddie Mac off government life support than the day the firms were taken under direct government control in 2008," Corker said in a news release. "We're introducing this bill to lay down a marker and get a conversation going that Washington has put off for far too long. We must begin the process of responsibly unwinding Fannie and Freddie."