By Allison Charette, Research Analyst
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Earlier today, Chairman Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) of the Senate Committee on Banking, Housing, and Urban Affairs agreed on outlined plans for a bill to reform the housing finance system. The bill is expected to be released in the coming days and voted on in committee in the coming weeks. It is largely based on legislation proposed by Senators Bob Corker (R-TN) and Mark Warner (D-VA) in 2013, which calls for the wind down of Fannie Mae and Freddie Mac. (The Wall Street Journal, March 11 & Reuters, March 11) Enterprise will release more analysis on the impacts of the proposal once the Committee releases the full bill.