ERIC Number: ED405793
Record Type: Non-Journal
Publication Date: 1995-May-3
Joint Hearing on Privatizing Government Sponsored Entities (GSEs). Joint Hearing before the Subcommittee on Postsecondary Education, Training and Life-Long Learning of the Committee on Economic and Educational Opportunities and the Subcommittee on National Economic Growth, Natural Resources, and Regulatory Affairs of the Committee on Government Reform and Oversight. House of Representatives, One Hundred Fourth Congress, First Session.
Congress of the U.S., Washington, DC. House Committee on Economic and Educational Opportunities.; Congress of the U.S., Washington, DC. House Committee on Government Reform and Oversight.
This document is a congressional joint hearing report of a panel discussion exploring issues related to privatization of two government-sponsored entities (GSEs): the Student Loan Marketing Association (Sallie Mae) and the College Construction Loan Insurance Association (Connie Lee). The two issues specifically addressed by the panel were: (1) whether these GSEs were mature enough to make privatization desirable, and (2) what effects privatization might have on their investors. The report includes prepared statements by panel members Darby Bradbury, Department of Treasury, who testified in favor of privatization and also presented some historical background on the Treasury's longstanding relationship with Sallie Mae, and its position on Connie Lee; Lawrence Hough, Student Loan Marketing Association, who also supported privatization; Leo Kornfeld, Department of Education, who raised some special issues relative to privatization of Sallie Mae; and Oliver Sockwell, College Construction Loan Insurance Association, who sought complete privatization of his organization. Included also are statements by panel members Fred Khedouri, of Bear, Stearns & Company, and Robert Torrey; the transcript of the question-and-and-answer session that followed the formal presentation; and statements submitted by other interested parties. (CH)
Descriptors: Construction Programs, Educational Economics, Federal Government, Federal Programs, Government Role, Hearings, Higher Education, Legislation, Policy Formation, Privatization, Public Agencies, Public Policy
Superintendent of Documents, U.S. Government Printing Office, Congressional Sales Office, Washington, DC 20402.
Publication Type: Legal/Legislative/Regulatory Materials
Education Level: N/A
Authoring Institution: Congress of the U.S., Washington, DC. House Committee on Economic and Educational Opportunities.; Congress of the U.S., Washington, DC. House Committee on Government Reform and Oversight.