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Volume 2014 - Number 20

May 22, 2014

Senate GSE Bill Clears Committee, Floor Vote Unlikely; Could Be Years Until Congress Attempts Reform Again

Housing-finance reform legislation is stalled for the remainder of this year and perhaps throughout the next congress after last weekís majority vote by the Senate Banking, Housing and Urban Affairs Committee to approve the bill, say industry observers. The committee voted 13 to 9 to report out a revised version of S. 1217, the Housing Finance Reform and Taxpayer Protection Act, just one vote more than the minimum to advance the bill for floor vote consideration. The committee approval likely marks...

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