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Associations Back Senate Bill to Replace Fannie, Freddie

Associations Now

Members of the Senate Banking, Housing, and Urban Affairs Committee have introduced legislation that would shut down Fannie Mae and Freddie Mac over time and replace them with a privately capitalized home financing system geared toward protecting taxpayers from future economic crises. A number of finance associations support it.

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Online Sales Tax: Senate Nears Vote On Bipartisan Bill

Associations Now

Some legislators opposed to the measure have asked Senate Majority Leader Harry Reid (D-NV) to put the legislation through a Finance Committee review process before the chamber votes on it. The committee is led by Sen. (Currently, consumers are supposed to report such spending when filing their income taxes, but few do.)

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