Rep. Loudermilk (R-GA) issued the following statement after voting to ensure Fannie Mae and Freddie Mac, two government-sponsored enterprises, are subject to the Freedom of Information Act (FOIA):
“While hardworking Americans are paying for the full operational costs of Fannie Mae and Freddie Mac, these government-sponsored enterprises are functioning without any oversight. Because they’re not subject to FOIA, this means the public cannot request to see any of their records or documents. Congress passed a bill this week to bring accountability and much-needed transparency to these government-sponsored enterprises.”
Background
The Fannie and Freddie Open Records Act, H.R. 1694, applies the Freedom of Information Act (FOIA) to Fannie Mae and Freddie Mac, as long as they are funded with taxpayer dollars.