Correction

GSE reform bill does not preserve presidential appointees to board

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Wednesday’s article, “House passes GSE reform bill,” contained out-of-date information about the number of appointments the president would make to the boards of Fannie Mae and Freddie Mac under the provisions of HR 1427. Under their current charters, Fannie’s and Freddie’s boards are to consist of 18 members, five of whom appointed by the president. The Bush administration, which opposes federal appointments to the boards, has left those positions vacant.