House passes Johnson amendment granting FOIA exemptions to Fannie Mae, Freddie Mac
The U.S. House of Representatives recently approved a bill amendment sponsored by Rep. Hank Johnson, D-Ga., that extends nine open records exemptions to two mortgage companies that were put into federal conservatorship nearly a decade ago.
The amendment is attached to a bill that would change federal open information rules to make them apply to companies that are in federal conservatorship or receivership. The amendment passed 410-5, while the full bill passed 425-0.
Fannie Mae and Freddie Mac were placed in a conservatorship by the federal government in 2008, during the sub-prime mortgage crisis that contributed to the Great Recession.
“By passing this amendment, we will ensure that personal privacy and sensitive information is appropriately protected, while ensuring the highest level of transparency for the American taxpayers, who have invested almost $187 billion in Fannie Mae and Freddie Mac,” Johnson said in a statement.
(This article was part of a full page of news blurbs from the Gwinnett Daily Post, entitled, "Political Notebook.") You can see that page here