GSE bill on House floor next week-official
Posted on: Thursday, 20 October 2005, 11:33 CDT
WASHINGTON (Reuters) - The acting majority leader for the U.S. House of Representatives on Thursday said legislation to stiffen oversight of Fannie Mae and Freddie Mac would be on the House floor for debate next week.
Missouri Republican Roy Blunt, in remarks to reporters, said, "I think the compromise works. I talked to Chairman (Michael) Oxley about it again today and we look forward to having that situation resolved on the House floor next week."
Congress is weighing measures to overhaul supervision of the government sponsored enterprises following multibillion-dollar accounting scandals at Fannie and Freddie.
Source: REUTERS
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