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House ranking member releases finance reform proposal
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Legislative Developments
Monday, March 31, 2014
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Shortly after the leaders of the Senate Banking Committee released draft financial reform legislation, Congresswoman Maxine Waters, ranking member of the Financial Services Committee, released a comprehensive legislative proposal to reform the housing finance market. Known as the Housing Opportunities Move the Economy (HOME) Forward Act of 2014, the legislation ends Fannie Mae and Freddie Mac, and creates a new, cooperative-owned securities issuer.
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