I think a fourth PSPA was always planned for the net zero event. A part of the 4th PSPA will be jr. pref divi restoral/maybe blended with tender offers. Each PSPA amendment has been less punitive as the two GSEs have strengthened. The last one recognized that continued support may be needed (large macro event scenarios) but also recognized the two GSEs can pay faster.
Individual Senators and Congressmen/women can spout off all they want in the media, but US TSY is largely autonomous. Their goal is to make sure taxpayer gets paid first along with not violating the constitution.
I do like the shot across the bow (ex solicitor gen. Olsen's filed suit) to make sure TSY stays the course...
The Solicitor General, who has offices in the Supreme Court Building as well as the Department of Justice Headquarters, has been called the "tenth justice"[7] as a result of the relationship of mutual respect that inevitably develops between the justices and the Solicitor General (and their respective staffs of clerks and deputies). As the most frequent advocate before the Court, the Office of the Solicitor General generally argues dozens of times each term. As a result, the Solicitor General tends to remain particularly comfortable during oral arguments that other advocates would find intimidating. Furthermore, when the office of the Solicitor General endorses a petition for certiorari, review is frequently granted, which is remarkable given that only 75–125 of the over 7,500 petitions submitted each term are granted review by the Court.[8]
