JOHNSON STATEMENT ON HOUSING FINANCE REFORM PROPOSAL

WASHINGTON – Today, Senate Banking Committee Chairman Tim Johnson (D-SD) released a statement on the introduction of the Housing Finance Reform and Taxpayer Protection Act.

 

“I thank Senators Corker and Warner for furthering the discussion and debate surrounding housing finance reform with this proposal,” said Chairman Johnson. “Reforming the nation’s housing finance system is critical to the long-term health and stability of the American economy, and Ranking Member Crapo and I plan to turn the Committee’s attention to broader housing finance reform after we address the more timely issue of FHA solvency.  Ranking Member Crapo and I agree that any reform effort that moves through the Banking Committee must be bipartisan and include ideas and input from all members of the Committee.” 

 

-30-