GSE reform bill advances, but Senate vote unlikely

05/15/2014 | Politico (Washington, D.C.)

Members of the Senate banking committee today voted 13-9 in favor of a bill by Sens. Tim Johnson, D-S.D., and Mike Crapo, R-Idaho, that would overhaul the U.S. housing-finance system and get rid of government-sponsored enterprises Fannie Mae and Freddie Mac. However, odds are low that the measure will get a vote by the full Senate this year, due to opposition from several prominent Democratic senators.

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Politico (Washington, D.C.)

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