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GAO compared the risk ratings of government-sponsored enterprises (GSE) done by bank regulators and nationally recognized statistical rating organizations (NRSRO).
Matter for Congressional Consideration
|If the experience from banks provides a reasonable basis for assessing how an enterprise safe-harbor would work, then Congress may wish to consider restricting any regulatory safe-harbor to triple-A rated enterprises.||P.L. 102-550 does not contain a safe-harbor provision.|