JS-2472: Statement from Treasury Secretary Snow on House Financial <script type="text/javascript"> var wmNotice = "UNT Web Archive - External links, forms, and search boxes may not function within this collection. Url: http://treasury.gov/press/releases/js2472.htm time: 8:02:47 Jan 09, 2009"; var wmHideNotice = "hide"; var contextRoot = "https://webarchive.library.unt.edu/eot2008/"; </script> <script type="text/javascript" src="https://webarchive.library.unt.edu/eot2008/js/disclaim.js"></script> <br>Service Committee passage of GSE Reform Legislation



	FROM THE OFFICE OF PUBLIC AFFAIRS May 25, 2005 JS-2472 Statement from Treasury Secretary Snow on House Financial Service Committee passage of GSE Reform Legislation Today's action by the House Financial Services Committee on GSE reform legislation moves the process forward. As the process continues, we will be working with the House and Senate to ensure that the bill is strengthened so that the final product provides for a strong, independent regulator which has all the necessary tools to do the job. Directing the regulator to place limits on the size of the GSE's retained mortgage portfolio is a critical element of reform.