Dec 15th, 2020 5 min read
COMMENTARY BY
Director, Center for Data Analysis
Norbert Michel studies and writes about financial markets and monetary policy, including the reform of Fannie Mae and Freddie Mac. President Trump, Vice President Pence, and U.S. International Development Finance Corporation CEO Adam Boehler listen to Daniel O Day, CEO of Gillead Sciences Inc., on May 1, 2020. JIM WATSON / Contributor / Getty Images
Key Takeaways
Even though Congress did not intend for these conservatorships to be permanent, Fannie and Fannie have remained under government control for 12 years.
The administration should finish the order and ensure that Fannie and Freddie pay back the taxpayers over a reasonable number of years.
Summary As the Trump Administration’s first term comes to a close, there are still many economic policy reforms that Congress and the Administration can and should adopt. In addition to Congress passing legislation, federal agencies should finalize rules that have been in the regulatory pipeline; and the Administration should issue new executive orders and draft new guidance documents. This Backgrounder identifies many economic policy priorities that both Congress and the Administration should pursue through the first term. These policy priorities cover energy and environment, financial regulation and housing, food and agriculture, governmental reform, labor and employment, tax and spending, and trade. The priorities will promote individual freedom and economic growth, and expand opportunities for all Americans.