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Johnson, Crapo Release Text of the Bipartisan Housing Financial Reform

Posted on 3/18/2014

Senate Banking Committee Chairman Tim Johnson (D-S.D.) and Ranking Member Mike Crapo (R-Idaho) released this past weekend, the legislative text of the bipartisan housing finance reform bill.

"Our housing finance system is badly in need of reform. And it is clear from the reaction to our announcement last week that many people agree,"' said Chairman Johnson. "This proposal includes an explicit government guarantee in order to add stability to the economy, keep costs reasonable for borrowers and renters, and ensure fair access to the secondary market for all lenders."'

To read a summary of the bill visit: http://www.banking.senate.gov/public/_files/SummaryoftheBipartisanHousingFinanceReformDraft_update.pdf

To view the legislative text visit: http://www.banking.senate.gov/public/index.cfm?FuseAction=Files.View&FileStore_id=512757b1-e595-4b85-8321-30d91e368849



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