May 6, 2014 / 6:30 PM / 4 years ago

Senate panel to vote on housing finance bill next week, aide says

WASHINGTON (Reuters) - The Senate Banking Committee will vote on a bill to revamp the U.S. housing finance system next week, a Senate aide said on Tuesday.

A townhouse for sale sign hangs in front of a house in Oakton, Virginia March 27, 2014. REUTERS/Larry Downing

Committee Chairman Tim Johnson, a Democrat, and Senator Mike Crapo, the panel’s top Republican, had previously delayed scheduling votes on the bill in order to build more support for the plan that would wind down taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac.

Six Democrats and six Republicans on the 22-member committee are prepared to back the bill, but the leaders want a broader base to pressure Senate Majority Leader Harry Reid to let the legislation come up on the Senate floor.

Reporting By Margaret Chadbourn; Editing by Chris Reese

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below