Merge federal bank supervisors; repeal Dodd-Frank OLA; wind down Fannie and Freddie
Mandate supports legislation merging OCC, FDIC, NCUA, and Fed non-monetary supervisory functions; repeal Orderly Liquidation Authority and related too-big-to-fail provisions; orderly wind-down of Fannie/Freddie, privatize Common Securitization Platform, and right-size FHA/Ginnie Mae.
Mandate
Mandate Ch. 22 (Treasury) — Improved Financial Regulation: support legislation to merge OCC, FDIC, NCUA, and Federal Reserve non-monetary supervisory/regulatory functions; Congress should repeal OLA and related provisions; Fannie Mae and Freddie Mac must be wound down orderly; privatize Common Securitization Platform; right-size FHA and Ginnie Mae missions.
Undo plan
1) Preserve specialized deposit-insurance and credit-union supervision rather than a mega-regulator capture risk.
2) Keep orderly resolution tools that avoid 2008-style ad hoc bailouts—or replace OLA with credible bankruptcy enhancements first.
3) Reform GSEs with affordable-housing guardrails—not abrupt wind-down that shocks mortgage markets.
4) Maintain federal backstops transparently if privatization proceeds.
5) Verify: stress tests and mortgage-rate/access impacts.