Senate Banking panel sets goal to approve housing finance bill this year

By Vicki Needham – 09/12/13 03:09 PM ET

The Senate Banking Committee is aiming to complete a bipartisan housing finance reform bill this year.

Chairman Tim Johnson (D-S.D.) and Sen. Mike Crapo (Idaho), the panel’s top Republican, said Thursday that they would hold several hearings this fall to hammer out the final details of a measure that can be approved by their committee this year.

Johnson said at a hearing that he and Crapo “are undertaking this in-depth process with the goal of reaching agreement by the end of the year.”

“Recognizing that there are many details that need to be explored and discussed by the full committee and that many committee members have input of their own that they would like to include, we plan to hold hearings this fall to explore the finer points of proposed changes,” Johnson said.

 

“This will give the entire committee the opportunity to explore the various modifications and wholesale changes that we will consider.”

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