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Banking & Financial Services Legislative Alerts
Last Tuesday, President Obama unveiled his new housing plan to a cheering crowd in Phoenix, Arizona—one of the cities hit hardest by the housing crisis. To the surprise of free-market enthusiasts, President Obama called for the gradual shuttering of Fannie Mae and Freddie Mac, even declaring, “I believe our housing market should operate where there’s a limited government role and private lending should be the backbone of the housing market.” Right now there are two bills in Congress, the Corker-Warner bill that President Obama supports and a bill from Rep. Jeb Hensarling championed by House Republicans. Beyond the rhetoric, what are the major differences between the two plans? Here is a breakdown.
With the House Agriculture Committee figuring out its next steps on food stamp legislation, Americans For Prosperity came up with a list of substantive reforms they should consider.
Americans deserve a fair international trade policy that is based on free market principles, not paying foreign companies to buy our exports. Americans for Prosperity supports H.R.2263 and S.1102, which would terminate the Export-Import Bank.
Government intervention in the housing market has done much more harm than good, and it needs serious reform. AFP is proud to support the PATH Act.
Borrowing costs for as many as 7 million students who use federally subsidized Stafford loans will increase abruptly if Congress does not change existing law. Many have criticized Congress for allowing this rate reset to happen, but few recognize a more serious underlying problem surrounding this issue. Rather than calling for more knee-jerk legislation, the public should question why the government is so deeply involved with higher education funding in the first place. The reality is that government loans are a root cause for skyrocketing tuition prices, massive student debt, and high undergraduate unemployment.