Rep. Taylor: Bring Fannie Mae, Freddie Mac under FOIA

Rep. Scott Taylor, R-Virginia Beach, spoke out for more transparency in government this week, calling for passage of legislation that would bring the housing finance agencies Fannie Mae and Freddie Mac under the federal Freedom of Information Act.

“The American taxpayers were forced to lend over $180 billion to save Fannie Mae and Freddie Mac since the financial crisis hit in 2008,” Taylor said, adding that as both are not under the conservatorship of the federal government, “taxpayers still bear all the financial risk.”

That’s why, he said “It is imperative the American people have transparency via the right to submit requests under the Freedom of Information Act to see what the government has been doing over the past eight years to protect their financial wellbeing.”

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