- Not enactedThe President has not signed this bill
- The house has not voted
- The senate has not voted
Committee on Banking, Housing, and Urban AffairsSecurities, Insurance, and InvestmentIntroducedJune 25th, 2013
- senate Committees
Reduces the deficit by 5.7 billion over the next decade. Quasi-governmental entities like Fannie and Freddie are failures, and need to be retired. Would alleviate drag on lending and in turn spur the housing market.
Encourages loans to non-creditworthy borrowers Drives up housing prices. Fails to adequately fund affordable housing in low-income neighborhoods. Replaces Fannie and Freddie with a new entity too similar to them.