Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

Washington
Johnson: Housing finance reform votes to resume next week
WASHINGTON (5/7/14)--Senate Banking Committee Chairman Tim Johnson (D-S.D.) said Tuesday that his housing finance reform bill could pass by a 13-9 vote, or better, when the panel resumes its markup on the legislation next week (Politico May 6).
 
It was already widely anticipated that the Johnson-Crapo reform bill would pass the committee with the support of 12 of the panel's members, including Johnson, the committee's ranking member, Rep. Mike Crapo (R-Idaho), and 10 others who backed similar legislation last year as co-sponsors.

Politico reported that Johnson, during a brief interview, declined to identify 13th senator he believes will support the legislation.

When a committee vote on the bill was postponed at the end of April, Johnson said, the delay would aid discussions that would "build a larger coalition supporting the bill."

"While we have the votes to report the bill out today, members of the committee have asked for a brief delay to try to work out additional issues prior to a final vote," he explained.

The legislation is a 425-page plan, known as the Housing Finance Reform and Taxpayer Protection Act of 2014 (S. 1217), which would overhaul the housing finance market and address the issues created by the current government ownership of Fannie Mae and Freddie Mac.


RSS





print
News Now LiveWire
App puts #CUNAGAC in palms of attendees' hands #NewsNow http://t.co/piabPHIGb5
7 hours ago
App puts #cunagac in palms of #creditunion attendees' hands http://t.co/2XZC3LWw6Z
8 hours ago
Breaking at #NewsNow: @CUNA files amicus brief in Florida interchange case. http://t.co/gWSBjCtSD7
9 hours ago
What is the @NCUFoundation ? Watch this Foundation video: http://t.co/iC6XoInU7r
11 hours ago
Follow @cumagazine for even more #CUNAGAC live-action reports March 8-12 #creditunion #creditunions #UniteForGood
14 hours ago