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NAFCU Weighing in on GSE Amendment

NAFCU is one many groups contacting Congress in opposition to an amendment to the Restoring American Financial Stability Act of 2010 that would effectively end federal government support for Fannie Mae and Freddie Mac in two years.

By David Morrison | Updated on May 10, 2010

NAFCU is one many groups contacting Congress in opposition to an amendment to the Restoring American Financial Stability Act of 2010 that would effectively end federal government support for Fannie Mae and Freddie Mac in two years.

The amendment, sponsored by Republican Senators John McCain (Ariz.), Richard Shelby (Ala.) and Judd Gregg (N.H.) is drawing criticism and opposition from Senate Democrats and housing groups that want Congress to address reforming Fannie Mae and Freddie Mac in a separate measure.

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