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Lawmaker at House Financial Services markup praises bipartisan housing bill, criticizes administration reforms
Summary
At a House Financial Services Committee markup, an unidentified committee member praised the "Housing for the 21st Century Act" as a start to expand affordable housing, criticized proposed reforms to Fannie Mae and Freddie Mac, and called several other bills on the agenda deregulatory measures favoring banks and big tech.
At a markup of the House Financial Services Committee, an unidentified committee member lauded a bipartisan measure described as the Housing for the 21st Century Act and urged colleagues to treat it as "a great starting point, not a finish line." The speaker said the bill would expand affordable housing, modernize key programs and help more families toward homeownership.
The speaker, who identified co-sponsors as Cleaver and Flood, framed the bill as necessary but insufficient on its own. "This bill should be seen as a great starting point, not a finish line," the unidentified member said,…
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