"The American taxpayer has been the victim of outright corruption and blatant abuse at the hands of Fannie Mae and Freddie Mac for decades — it must stop," he said.
"It is time to enact fundamental GSE reform, and take Fannie and Freddie off the permanent taxpayer bailout list, returning them to the competitive marketplace before they go from ‘too big to fail’ to ‘too late to fix,’ " he said.
Co-sponsors of the amendment are Sens/ Mike JohannsMike JohannsLobbying World To buy a Swiss company, ChemChina must pass through Washington Republican senator vows to block nominees over ObamaCare co-ops MORE (R-Neb.), Claire McCaskillClaire McCaskillUnder pressure, Dems hold back Gorsuch support Overnight Defense: General warns State Department cuts would hurt military | Bergdahl lawyers appeal Trump motion | Senators demand action after nude photo scandal The Hill’s Whip List: Where Dems stand on Trump’s Supreme Court nominee MORE (D-Mo.), John BarrassoJohn BarrassoHow 'Big Pharma' stifles pharmaceutical innovation Making water infrastructure a priority Overnight Energy: Trump's Keystone XL approval coming soon MORE (R-Wyo.), Lindsey GrahamLindsey GrahamGraham: 'I'm glad' Ivanka will be working in the White House Trump tweets promotion for Fox News show GOP senators pitch alternatives after House pulls ObamaCare repeal bill MORE (R-S.C.), Mike EnziMike EnziTop Dem: Trump's State Dept. cuts a 'Ponzi scheme' Republicans eye strategy for repealing Wall Street reform Lawmakers fundraise amid rising town hall pressure MORE (R-Wyo.), Tom CoburnTom CoburnDon't be fooled: Carper and Norton don't fight for DC Coburn: Trump's tweets aren't presidential The road ahead for America’s highways MORE (R-Okla.), John ThuneJohn ThuneLawmakers want infrastructure funded by offshore tax reform Senate GOP hedges on ObamaCare repeal timeline Week ahead: Robocall crackdown tops FCC meeting agenda MORE (R-S.D.), Roy BluntRoy BluntTop Dems prep for future while out of the spotlight Overnight Healthcare: Pressure mounts for changes to GOP ObamaCare bill Pressure mounts for changes to ObamaCare bill MORE (R-Mo.), Lindsey Graham (R-S.C.), Dean HellerDean HellerRed-state Dems in Supreme Court pressure cooker This week: House GOP faces make-or-break moment on ObamaCare Shutdown politics return to the Senate MORE (R-Nev.), Joe ManchinJoe ManchinPence pushes Manchin in home state to support Gorsuch Under pressure, Dems hold back Gorsuch support The Hill’s Whip List: Where Dems stand on Trump’s Supreme Court nominee MORE (D-W.Va.), John HoevenJohn HoevenSenate panel considers how to fund Trump’s T infrastructure package A guide to the committees: Senate GOP senators unveil bill to give Congress control of consumer bureau budget MORE (R-N.D.), and Sheldon WhitehouseSheldon WhitehouseDems introduce MAR-A-LAGO Act to publish visitor logs Under pressure, Dems hold back Gorsuch support The Hill’s Whip List: Where Dems stand on Trump’s Supreme Court nominee MORE (D-R.I.).
The chief executives of both firms will leave their posts when replacements are found.
Edward DeMarco, acting director of the FHFA, has argued before Congress that the bonuses were needed to attract and retain talented enough employees to manage $5 trillion in mortgage assets.
The Senate passed the insider trading bill 96-3 on Thursday night, sending it to the House, which is expected to beef it up and pass its version by the end of the month.