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

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

    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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