Fannie Mae-No Politics (FNMA)

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CONCLUSION
The Sweep Amendment is an unprecedented example of agency overreach. In an effort
to implement the Administration’s desire to wind down the Companies, Treasury ignored the
expiration of its statutory authority and FHFA shed its mandate to “preserve and conserve” the
Companies’ assets. The agencies’ factually unsupportable post hoc rationalizations only
illustrate the total disregard for their statutory mandates and the absence of reasoned
decisionmaking leading up to the Sweep Amendment. This Court should vacate the illegal and
arbitrary Sweep Amendment