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Tag Archives: Jeb Hensarling

The Fate of Fannie and Freddie

Government and housing industry leaders addressed the potential impact of a Housing Finance Reform Bill that was introduced in September. Here's what they had to say to the House Financial Services Committee.

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CBO Estimates $9.5 Billion Additional Deficit Reduction With Amendment

While much buzz has been surrounding the presumed passing of the Financial Choice Act (H.R. 10), the Congressional Budget Office (CBO), a non-partisan analysis for the U.S. Congress, released the budgetary effects of enacting the amended bill Tuesday. The original CBO estimate, released May 4, 2017, said enacting the legislation would reduce federal deficits by $24.1 billion over the 2017-2027 period, but the recalculated estimate said budget deficits would be significantly more than originally estimated. The House of Representatives is set to vote on the bill Thursday.

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Battle Breaks Out in CHOICE Hearing No. 2

The House Financial Services Committee held a second hearing on the Financial CHOICE Act on Tuesday. Intended to be a replacement for Dodd-Frank, the CHOICE Act aims to increase regulator accountability, discourage financial fraud and insider trading, and ensure taxpayers aren't on the hook for big bank bailouts. The Act was introduced by Rep. Jeb Hensarling (R-Texas).

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