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Cmte Financial Services (R)

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H.R. 1182, the GSE Bailout Elimination and Taxpayer Protection Act

Washington, April 26, 2011 -

H.R. 1182 ends the taxpayer-funded bailouts of Fannie Mae and Freddie Mac and put these two companies on a path towards privatization. The failures of the two government-sponsored enterprises (GSEs) have directly cost taxpayers more than $150 billion. H.R. 1182 is sponsored by Rep. Jeb Hensarling.