Debate on the markup of the Protecting American Taxpayers and Homeowners Act, which would eliminate Fannie Mae and Freddie Mac, bordered on combative Tuesday as congressmen from opposing parties talked over each other and quarreled over the bill's details.
But despite the show, Democrats did not successfully add any amendments to the bill as Republicans on the House Financial Services Committee outnumbered them and consistently voted along party lines.
And after 11 hours of debate, the committee adjourned without a vote, scheduling it for Wednesday when Republicans are expected to pass it.
Complete your profile to continue reading and get FREE access to CUTimes.com, part of your ALM digital membership.
Your access to unlimited CUTimes.com content isn’t changing.
Once you are an ALM digital member, you’ll receive:
- Breaking credit union news and analysis, on-site and via our newsletters and custom alerts
- Weekly Shared Accounts podcast featuring exclusive interviews with industry leaders
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the commercial real estate and financial advisory markets on our other ALM sites, GlobeSt.com and ThinkAdvisor.com
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.