Tag Archives: Johnson-Crapo

The Johnson-Crapo housing finance reform bill, which would phase out Fannie Mae and Freddie Mac in favor of a more limited federal insurer, has passed through the Senate Banking Committee. While the bill always had enough support in the committee to make it to the Senate floor, whether or not it goes any further is the real question.

A recently unveiled plan to phase out Fannie Mae and Freddie Mac and overhaul the secondary mortgage market may have hit another snag, with six key senators reportedly deciding not to give their support. According to Bloomberg, six members of the Senate Banking Committee—all Democrats—have cited concerns that plans in the Johnson-Crapo proposal for finance reform "seemed unworkable."