Washington (July 22, 2003) -- Freddie Mac's accounting standards will come under congressional scrutiny Tuesday, as a House subcommittee launches a probe into the growing scandal.

Rep. Cliff Stearns R-Fla., chairman of the Commerce Trade & Consumer Protection Subcommittee, scheduled a hearing Tuesday to examine the accounting standards used by the Federal Home Loan Mortgage Corp. and its compliance with Generally Accepted Accounting Principles.

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