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Cornyn: Fannie, Freddie Should be Open to Public Scrutiny

Statement

Date: May 27, 2011
Location: Washington, DC
Issues: Finance and Banking Housing and Property

Responding to reports that the Obama Administration will oppose efforts to make Fannie Mae and Freddie Mac subject to the Freedom of Information Act (FOIA), U.S. Senator John Cornyn (R-TX) issued the following statement:

"Citizens have a fundamental right to know what their government is doing, and once again I encourage President Obama to heed Candidate Obama's advice on the campaign trail in 2008.

"The promises of the "most open and transparent administration in history' have turned into secret meetings beyond the reach of White House visitor logs, political operatives screening FOIA requests, and now opposition to allowing taxpayer-funded Fannie and Freddie to be publicly scrutinized. This is unacceptable and it must come to an end."

Thursday night, the U.S. Senate unanimously approved legislation to make improvements to the Freedom of Information Act. The Faster FOIA Act, authored by Senator John Cornyn (R-Texas) and Senator Patrick Leahy (D-Vt.) and will now be sent to the House of Representatives for consideration.


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