In light of recent legislation and testimony regarding the activities of the government-sponsored enterprises (MBSL 2/7/00, 3/6/00, 3/27/00), more members of Congress are stepping up to call for further review of the GSEs.

Senator Phil Gramm, (R., Texas), chair of the Senate banking committee, has stated he will take a "top-to-bottom" review of the GSEs, to determine if restrictions to be placed on them in the legislation is necessary.

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