Trump's Fannie-Freddie Plan Needs Clarity, Key Republican Says
- Luetkemeyer says its uncertain Treasury, others back proposal
- Lawmaker says he may seek financial services chairmanship
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The White House proposal to free Fannie Mae and Freddie Mac from U.S. control can’t advance in Congress until lawmakers are given more details and assurances that everyone in the Trump administration is fully on board, according to a key House member.
Representative Blaine Luetkemeyer, a Missouri Republican who sits on the Financial Services Committee, said in an interview that it’s unclear whether the Treasury Department and others on President Donald Trump’s team support the plan released last week that would end federal conservatorship of the two mortgage-finance giants and expose them to new competitors.