"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 JohannsTo buy a Swiss company, ChemChina must pass through Washington Republican senator vows to block nominees over ObamaCare co-ops Revisiting insurance regulatory reform in a post-crisis world MORE (R-Neb.), Claire McCaskillClaire McCaskillJuan Williams: Senate GOP begins to push Trump away Dem senator: I may face 2018 primary from Tea Party-esque progressives Dems ask for hearings on Russian attempts to attack election infrastructure MORE (D-Mo.), John BarrassoJohn BarrassoMaking transportation public-private partnerships available in rural America Pruitt confirmation sets stage for Trump EPA assault Overnight Energy: EPA pick Pruitt set for Friday vote | Dems plan all-night protest | Trump nixes Obama coal mining rule MORE (R-Wyo.), Lindsey GrahamLindsey GrahamCheney to intro Pence at Jewish GOP event CEOs come to defense of border tax plan Trump’s feud with the press in the spotlight MORE (R-S.C.), Mike EnziMike EnziGOP senators unveil bill to give Congress control of consumer bureau budget Grizzlies, guns, and games of gotcha: How the left whiffed on Betsy DeVos Live coverage: Trump budget chief faces two Senate panels MORE (R-Wyo.), Tom CoburnTom CoburnCoburn: Trump's tweets aren't presidential The road ahead for America’s highways Rethinking taxation MORE (R-Okla.), John ThuneJohn ThuneVerizon, Yahoo slash merger deal by 0M over data breaches Angst in GOP over Trump's trade agenda Where Trump’s travel ban stands MORE (R-S.D.), Roy BluntRoy BluntJudiciary Committee wants briefing, documents on Flynn resignation Intel Dem: House GOP now open to investigating Flynn Dems: 'Crazy' to trust GOP to investigate Flynn MORE (R-Mo.), Lindsey Graham (R-S.C.), Dean HellerDean HellerPlanned Parenthood targets GOP lawmakers amid ObamaCare protests Overnight Finance: Fed chief tries to stay above partisan fray | Bill would eliminate consumer agency | Trump signs repeal of SEC rule on foreign payments Fed chief looks to stay above partisan fray in Trump era MORE (R-Nev.), Joe ManchinJoe ManchinPruitt confirmation sets stage for Trump EPA assault Pruitt sworn in as EPA chief EPA breaks Twitter silence to congratulate new head MORE (D-W.Va.), John HoevenJohn HoevenGOP senators unveil bill to give Congress control of consumer bureau budget Dem senator: DeVos bigger threat to education than grizzlies Senate set for high-noon vote to confirm DeVos MORE (R-N.D.), and Sheldon WhitehouseSheldon WhitehousePruitt confirmation sets stage for Trump EPA assault Senate Dems ask DHS inspector general for probe of Trump’s business arrangement Senate confirms Pruitt to lead EPA 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.