Fannie Mae-No Politics (FNMA)

[clarencebeaks21]

SCOTUS held that the restriction on the President’s power to remove the FHFA Director at 12 USC 4512(b)(2)—commonly referred to as the Removal Clause—violated the constitution. SCOTUS simply severed that offending clause, and let the remainder of HERA stand. So the rest of HERA remains valid law.

See Collins v Yellen pp. 17-36.

https://www.supremecourt.gov/opinions/20pdf/19-422_k537.pdf