Senate Passed Housing Reform Bill Posted With Ball Now Back With the House.

The version of the Housing reform bill (H.R. 3221) which passed the Senate on July 11th has finally been posted on the Thomas website.

HERE is the PDF file--caution, it is more than 600 pages long! (First few pages are a listing of various Sections and Titles, so start there looking for specific provisions).

Passage of the legislation predictably has been made more uncertain over jockeying on the new request by the Administration to authorize unlimited federal equity investments in Fannie and Freddie. House Financial Services Committee ranking member Bachus apparently sent a letter to Chair Frank asking for ONLY consideration of a basic GSE reform bill; this prompted a scathing response from Chair Frank HERE. It appears that the current plan is to take up the housing reform bill in the House next week, based on the letter from Chair Frank.