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According to the FT, a preliminary bill to eventually eliminate Fannie and Freddie is up for a committee vote. Fannie and Freddie needed $188 billion from the U.S. government during the 2008 financial crisis. 
 
According to the FT, this Fannie and Freddie bill is one of the most sweeping measures in Congress, replacing the mortgage finance market with a new system. Because of the breadth of the changes, the measure has galvanized a diverse group; ranging from civil rights organizations to conservative think-tanks; which opposes the measure for differing reasons.
 
Supporters of the bill sponsored by Senate banking committee chairman Tim Johnson, a Democrat, and the top Republican on the committee, Mike Crapo, have been working overtime to ensure they have enough votes to pass it through the committee. But even if the bill manages to survive that phase, it faces significant challenges in moving to the full Senate, according to congressional aides.
 
The first test will come when the banking committee starts the process of making changes to the Johnson-Crapo bill on Tuesday, after which senate lawmakers will hold a vote on the measure.
 
My RTI question:  Will This Fannie and Freddie Bill Help the U.S. economy?

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