HR 1694 passed in congress – another leg for FNMA and FNMAS

Posted on April 28, 2017 by Timeless Investor

Yesterday HR1694 Act passed unanimously in congress (big surprise), it is another leg for FNMA, consider load more of FNMA/FNMAS/

Act HR1694_ FNMA_Govtrack

from SA

https://seekingalpha.com/article/4066609-h-r-1694-legislation-passes-can-game-changer-fannie-freddie

Summary

H.R. 1694 passed the House Oversight and Government Reform Committee today by unanimous approval. I believe this will lead to the next leg up in Fannie and Freddie stocks.

Under current law, the Freedom of Information Act does not apply to FNMA and Freddie Mac because while they are under federal conservatorship, they are not federal agencies.

H.R. 1694 amends the Freedom of Information Act to make its provisions apply to Fannie Mae and Freddie Mac when they are in federal conservatorship or receivership.

Todd also commented in details on this

About Timeless Investor

My name is Samual Lau. I am a long-term value investor and a zealous disciple of Ben Graham. And I am a MBA graduated in May 2010 from Carnegie Mellon University. My concentrations are Finance, Strategy and Marketing.
This entry was posted in Comments on News, Stock Watch and tagged , . Bookmark the permalink.

Leave a Reply

Your email address will not be published. Required fields are marked *