This story appeared in Bank Digest.
Senate Banking Committee members Bob Corker (R-Tenn), Mark Warner (D-Va), David Vitter (R-La), and Elizabeth Warren (D-Mass) have reintroduced the Jumpstart GSE Reform Act (S. 2038), which is intended to spur substantive and structural housing finance reform, according to Corker's press release. The bill would prohibit any increase in the guarantee fee--which is required to be charged by government-sponsored enterprises Fannie Mae and Freddie Mac--from offsetting other government spending, while also prohibiting the sale of Treasury-owned senior preferred shares in the GSEs without congressional approval and structural housing finance reform.