Johanns, Banking Committee Senators Introduce Bipartisan Legislation to Protect Taxpayers, Reform Broken Housing Finance System

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    By Nebraska RealEstateRama -

    WASHINGTON, DC – June 26, 2013 – (RealEstateRama) — U.S. Sens. Mike Johanns (R-Neb.), Bob Corker (R-Tenn.), Mark Warner (D-Va.), Jon Tester (D-Mont.), Dean Heller (R-Nev.), Heidi Heitkamp (D-N.D.), Jerry Moran (R-Kan.) and Kay Hagan (D-N.C.), all members of the Senate Banking, Housing and Urban Affairs Committee, today introduced legislation to strengthen America’s housing finance system by replacing government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac with a privately capitalized system that preserves market liquidity and protects taxpayers from future economic downturns

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