Washington - Tomorrow, the House Financial Services Committee will hold a hearing on the Protecting American Taxpayers and Homeowners (PATH) Act of 2013, which would create a sustainable housing finance system. Heritage Action released the following statement:
There are few entities more responsible for the collapse of the financial system than Fannie Mae and Freddie Mac. The PATH Act would completely dissolve Fannie and Freddie and take a substantial step forward toward a housing finance system that protects both taxpayers and homeowners. Chairman Hensarling deserves credit for advancing solid conservative solutions to one of our nation's most pressing problems and taking on the numerous special interests that benefit from the status quo. Conservative Members of Congress should support his legislation.