GOP's Fannie, Freddie Wind-Down Bill Moves To House Floor

Law360, New York (July 24, 2013, 12:23 PM EDT) -- Republicans on the House Financial Services Committee on Wednesday fended off a series of amendments to a bill that would eliminate Fannie Mae and Freddie Mac, including one that would have reinstated the federal guarantee on the mortgage market in times of severe financial stress.

The vote came after a Tuesday markup of the Protecting American Taxpayers and Homeowners, or PATH Act, that lasted more than 10 hours and saw raucous debates over the federal role in the housing market. The PATH Act, which would see...
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