The new guidelines released Thursday reinstate the US Treasury’s power to approve any such plan in a bid to keep the process “orderly.”

The agencies that control mortgage giants Fannie Mae and Freddie Mac set out a roadmap for releasing the pair from government supervision, reinstating the U.S. Treasury’s power to approve any such plan in a bid to keep the process “orderly.”

The new agreement made in the waning days of the Biden administration requests that federal regulators provide Treasury with a plan to end conservatorship.