Club for Growth President Chris Chocola: “The federal government shouldn’t play a distortionary role in the private housing market, and Congressman Hensarling deserves the thanks of the American people for fighting to end Fannie and Freddie once and for all.” 

Washington, DC – The Club for Growth issued the following statement on House Financial Services Committee Chairman Jeb Hensarling’s bill to wind down Fannie Mae and Freddie Mac. The bill, H.R. 2767, passed in committee today by a vote of 30-27: 

“Congressman Jeb Hensarling is a long-time fighter for pro-growth policies, and his bill to eliminate Fannie Mae and Freddie Mac would do wonders for the long-term strength of our economy,” said Club for Growth President Chris Chocola. “The federal government shouldn’t play a distortionary role in the private housing market, and Congressman Hensarling deserves the thanks of the American people for fighting to end Fannie and Freddie once and for all. The Club for Growth supports his legislation and Congress should vote in favor of eliminating this enormous liability that threatens taxpayers each and every day it exists.”