House GOP Offers Housing Bill Without Government Guarantee
This article is for subscribers only.
House Financial Services Committee Chairman Jeb Hensarling introduced a housing finance reorganization bill today that would liquidate U.S.-owned mortgage financiers Fannie Mae and Freddie Mac and limit government mortgage guarantees.
The proposed legislation, seen as a Republican counterproposal to a bipartisan bill unveiled June 26 in the Senate, is unlikely to gain support in the Democratic-led Senate and has yet to attract broad support among House Republicans.