The House Financial Services Committee passed the Protecting American Taxpayers and Homeowners Act July 24 by a vote of 30-27.
Democrats fail to add amendments to GSE bill after arguments over house prices.
GOP panel members anxious to move measure along while Democrats ask to wait until after recess to allow public input.
According to Rep. Carolyn Maloney (D-N.Y.) and 46 co-sponsoring House Democrats, the Federal Reserve’s opt-in rule for courtesy pay didn’t go far enough.
In a victory for the GOP, Massachusetts State Sen. Scott Brown beat CUNA-backed Democratic nominee Attorney General Martha Coakley in yesterday's special election for the seat held for almost 47 years by U.S. Sen. Edward M. Kennedy, who died last August.