Top Sens. Want Fannie, Freddie Reform Bill By Year's End

Law360, New York (September 12, 2013, 1:59 PM EDT) -- The two leading members of the Senate Banking Committee on Thursday said that they plan to complete legislation to reform the nation's housing finance market, including dismantling Fannie Mae and Freddie Mac, by the end of the year.

Banking Committee Chairman Tim Johnson, D-S.D., said a Thursday hearing to explore some of the myriad issues that come with bringing change to the nation's multitrillion housing finance system would be the first in what will be an “in-depth process” that would result in legislation by the end...
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