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Hearing of U.S. Senate Committee on Banking, Housing, and Urban Affairs - Reform of the Government-Sponsored Enterprises

Date: April 6, 2005
Location: Washington, DC
Issues: Finance and Banking Housing and Property


Hearing of U.S. Senate Committee on Banking, Housing, and Urban Affairs - Reform of the Government-Sponsored Enterprises

This morning the Committee meets to hold our second hearing on reforming the regulatory system for Fannie Mae, Freddie Mac and the Federal Home Loan Bank System. The intention of these hearings is to build a solid record as the Committee continues to pursue legislation to establish a strong and credible regulator for the government sponsored enterprises (GSEs). Given the time limitations on the hearing this morning, I will limit my opening remarks and encourage my fellow Senators to do so as well.

I am very pleased this morning to welcome Alan Greenspan, the Chairman of the Board of Governors of the Federal Reserve Board before the Committee to present his views on the role that the GSEs play in the mortgage markets, the impact of their operations on financial markets, and the appropriate regulatory framework for these GSEs.


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