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Home » Senate Committee Passes GOP Regulatory Relief Bill, GSE Capital Requirements Amendment Withdrawn
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Senate Committee Passes GOP Regulatory Relief Bill, GSE Capital Requirements Amendment Withdrawn

May 22, 2015
The Senate Banking, Housing and Urban Affairs Committee approved a Republican regulatory relief bill on a strictly partisan vote late this week, with all of the mortgage-finance provisions previously reported intact. Sen. Pat Toomey, R-PA, momentarily offered Fannie Mae and Freddie Mac a “get out of jail free” card, in the form of an amendment addressing capital requirements for the two government-sponsored enterprises, then withdrew it, presumably for use at a future point in time. “This is...
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