GSE Reform Legislation Prospects Dim As Senate Leader Demands Compromise
August 3, 2006
Prospects for legislation to reform oversight of the government-sponsored enterprises grew bleaker this week as Republican leaders in the Senate insisted on a bipartisan compromise that so far has proven unattainable. Senate Majority Leader Bill Frist, R-TN, this week publicly stated he will not bring GSE reform legislation to the floor of the Senate for a vote unless all 100 Senators agree. That was essentially the strategy that Sen. Richard Shelby, R-AL, adopted last year…