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A government-sponsored enterprise (GSE), also referred to as a state-owned enterprise, or a government-owned corporation, is a legal entity created by a national or state government to undertake business activities on the government's behalf. A GSE may be fully or partially owned by the government, depending on the circumstances and the guidelines set forth by the governing body. The GSEs in the United States are a group of companies in the financial services industry that were created by the Congress.
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