"The change in administration hasn't affected our approach to our business,” Mayopoulos said in an interview after the company’s fourth-quarter media call. The arrival of President Trump has not changed Fannie Mae's plans for 2017, especially its emphasis on automated loan validation and other customer-focused innovations, CEO Timothy Mayopoulos said Friday. However, a key part of that plan, known as border adjustment, has been facing increasing opposition from a number of businesses and GOP lawmakers, particularly in the Senate.įannie Mae's Focus Will Not Change with New Administration, CEO Says House Republicans have been working on a bill based off a blueprint they released last year. Congressional GOP leaders have laid out a similar timetable for tax reform, but there will be challenges to getting legislation enacted quickly. It's going to be focused on middle-income tax cuts, simplification and making the business tax competitive with the rest of the world," Mnuchin said on CNBC in his first television interview since his confirmation. Treasury Secretary Steven Mnuchin said he wants to get tax reform legislation enacted by the time Congress leaves for its August recess.
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