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Senate Banking Committee advances housing finance reform bill
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Legislation, Securitization
Friday, May 16, 2014
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The U.S. Senate Banking Committee approved a bipartisan housing finance reform bill despite concerns from lawmakers on both sides of the aisle. The committee approved S. 1217, the Housing Finance Reform and Taxpayer Protection Act of 2013, by a vote of 13-9. Sen. Tim Johnson, D-S.D., the committee’s chairman, said he had hoped the bill would garner more support. However, he said he will continue to work with committee members before the bill comes to the Senate floor.
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