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This blocking has been enabled by extensive political advocacy and lobbying, especially aimed at elected members of Congress and state legislatures, and stands out for how effective it has been. 23 There has even been legislation proposed in Congress to legally require the tri-merge report, 24 overriding the FHFA’s proposed reform.
14 Only when government gets involved – which is when policy and political concerns are combined with advocacy by ideological and economic interest groups – does one sometimes see something different, with the inevitably resulting cross-subsidies. the legislation that established them). It is discussed below. [19]
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