Reps. Adam Putnam, R-Fla., and Edward Markey, D-Mass., announced Tuesday, they have introduced the Fannie Mae and Freddie Mac Full Disclosure Act.

The legislation calls for the government-sponsored enterprises to pay registration fees and disclose information required by the Securities and Exchange Commission just as other publicly traded companies and issuers of private mortgage-backed securities do.

"There are many factors that were involved in our current economic meltdown," Putnam said. "And one of them was a failure to require enough transparency and accountability from Fannie and Freddie."

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