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10 Key Details About the Senate Plan To Wind Down GSEs

WASHINGTON, DC—There is something for almost everyone to like and hate about this proposal, but chances are this will not pass until after the election, one political observer tells GlobeSt.com's Erika Morphy.

By Erika Morphy | Updated on March 12, 2014

WASHINGTON, DC—Congress has released-or rather is poised to release-its second ambitious legislative proposal in weeks that will have a direct impact on the commercial real estate industry. The first was a plan to revamp the US code, which CEO Real Estate Roundtable Jeff DeBoer analyzed here, here and here.

Now, Senate Banking Committee Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) have announced they are putting the final touches on draft legislative text that will wind down the GSEs. The legislation will be released in the coming days, followed within weeks by a markup.

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