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Home » Store » Inside The GSEs » Groups Urge Congress to Dismiss 'Jumpstart Reform Act'

Groups Urge Congress to Dismiss 'Jumpstart Reform Act'

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Inside The GSEs

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Instead of serving as a vehicle to help reform Fannie Mae and Freddie Mac, the “Jumpstart GSE Reform Act” would only hinder the mortgage giants, some groups say. A handful of fair housing advocates and civil rights groups joined forces to pen a letter urging House Speaker Paul Ryan, R-WI, along with Rep. Nancy Pelosi, D-CA, Sens. Mitch McConnell, R-KY and Harry Reid, D-NV, to reject the Jumpstart GSE Reform Act and any attempts to include it in the FY 2016 appropriations agreement. In September, a streamlined version of S. 2038, the Jumpstart Reform Act, sponsored by Sens. Bob Corker, R-TN, Mark Warner, D-VA, and Elizabeth Warren, D-MA, was reintroduced in Congress, then placed on hold and reintroduced again, and...
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