Senator Bob Corker Press Release:
U.S. Senator Bob Corker, R-Tenn., member of the Senate Banking, Housing and Urban Affairs Committee, today released the following statement on committee approval of the bipartisan FHA Solvency Act of 2013 (S. 1376).
“I applaud Chairman Johnson and Ranking Member Crapo for passing a bill that puts in place necessary tools and resources to get the FHA on better footing, and I am glad they have committed to building on this momentum and quickly moving a structural and bipartisan housing finance reform bill,” said Corker.
Last month, Corker, Senator Mark Warner, D-Va., and a bipartisan group of senators introduced legislation to strengthen America’s housing finance system by replacing government-sponsored enterprises (GSEs) Fannie Mae and Freddie Mac with a privately capitalized system that preserves market liquidity and protects taxpayers from future economic downturns. For more information, click here.
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