Johnson-Crapo mark up, CFPB investigation coming in April

Congress will at least be talking GSE reform, if not doing

Chairman Tim Johnson, D- S.D., and Sen. Mike Crapo, R-Idaho, of the Senate Committee on Banking, Housing, and Urban Affairs will markup their housing finance reform bill on Tuesday, April 29, 2014 at 10 a.m. ET.

“After canvassing other members of the committee, we plan to schedule a markup of our bipartisan housing finance reform proposal on Tuesday, April 29th,” Johnson said.  “From the start, members of the committee have been extremely engaged on the issue and have demonstrated a sincere interest in advancing reform in a bipartisan manner. I look forward to a thoughtful debate in committee as we seek to move reform one step closer to the finish line.”   

Johnson-Crapo is one of three GSE reform measures on the Hill. The other two primary contenders are the House’ PATH Act and the Senate’s Corker-Warner.

On March 27, U.S. Rep. Maxine Waters, D-Calif., unveiled her own GSE reform plan that offers co-operatives as an alternative.

HousingWire has the following breakdown and comparison of the three primary measures, courtesy the Structured Finance Industry Group.

Also coming up in Congress, the House Financial Services Committee will hold a special hearing on April 2 at 10 a.m. ET to look into allegations of discrimination and employee mistreatment at the Consumer Financial Protection Bureau.

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