The list of Senators
The list of Senators
Senators voting in favor of S. 1217 were
Tim Johnson (D-SD)
Mike Crapo (R-ID)
Mark Warner (D-VA)
Bob Corker (R-TN)
Kay Hagan (D-NC)
Heidi Heitkamp (D-ND)
Joe Manchin (D-WV)
Jon Tester (D-MT)
Tom Coburn (R-OK)
Dean Heller (R-NV)
Mike Johanns (R-NE)
Mark Kirk (R-IL)
Jerry Moran (R-KS)
Supporters of S. 1217 argued that the bill represents a balanced approach to housing finance reform that would protect taxpayers and consumers. In his opening statement, Johnson told his colleagues that the bill “will create greater competition in the housing finance system, reducing risk to the taxpayer while ensuring affordable, fair access to all creditworthy borrowers.” Others, such as Warner, contended that the current status quo, with Fannie Mae and Freddie Mac under federal conservatorship, was untenable, and needed to be changed.
Opponents of the bill largely fell into two camps. Conservative Republicans, while reiterating that they strongly support efforts to eliminate Fannie Mae and Freddie Mac, expressed concern that the Johnson-Crapo would maintain a federal role in the housing market through FMIC. On the other end, progressive Democrats, including Warren, Jack Reed (D-RI), and Jeff Merkley (D-OR), argued that the bill would not do enough to ensure that borrowers from all backgrounds, including traditionally underserved communities and market segments, would be able to access affordable home loans. Warren cited a recent analysis of S.1217 that estimated that the bill would effectively reduce the number of borrowers eligible for a government-guaranteed mortgage by 20 percent. Less
Tim Johnson (D-SD)
Mike Crapo (R-ID)
Mark Warner (D-VA)
Bob Corker (R-TN)
Kay Hagan (D-NC)
Heidi Heitkamp (D-ND)
Joe Manchin (D-WV)
Jon Tester (D-MT)
Tom Coburn (R-OK)
Dean Heller (R-NV)
Mike Johanns (R-NE)
Mark Kirk (R-IL)
Jerry Moran (R-KS)
Supporters of S. 1217 argued that the bill represents a balanced approach to housing finance reform that would protect taxpayers and consumers. In his opening statement, Johnson told his colleagues that the bill “will create greater competition in the housing finance system, reducing risk to the taxpayer while ensuring affordable, fair access to all creditworthy borrowers.” Others, such as Warner, contended that the current status quo, with Fannie Mae and Freddie Mac under federal conservatorship, was untenable, and needed to be changed.
Opponents of the bill largely fell into two camps. Conservative Republicans, while reiterating that they strongly support efforts to eliminate Fannie Mae and Freddie Mac, expressed concern that the Johnson-Crapo would maintain a federal role in the housing market through FMIC. On the other end, progressive Democrats, including Warren, Jack Reed (D-RI), and Jeff Merkley (D-OR), argued that the bill would not do enough to ensure that borrowers from all backgrounds, including traditionally underserved communities and market segments, would be able to access affordable home loans. Warren cited a recent analysis of S.1217 that estimated that the bill would effectively reduce the number of borrowers eligible for a government-guaranteed mortgage by 20 percent. Less
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