Senate Banking Committee Chairman Outlines Agenda

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On February 12, Chairman Johnson released the committee’s agenda, which includes among its top priorities continuing oversight of implementation of the Dodd-Frank Act, and stabilizing the housing market and building consensus on housing finance reform. With regard to the former, the Chairman’s agenda states that the “committee will also explore taking appropriate steps to improve the effectiveness of [the Dodd-Frank Act] should broad bipartisan consensus emerge.” With regard to housing, the committee will review the FHA and the health of its insurance fund, the various mortgage rules required by the Dodd-Frank Act, opportunities to expand refinancing, and implementation of the national mortgage servicing settlement. The agenda also includes, among a range of “other priorities,” ensuring fairness and transparency in consumer financial services markets, highlighting servicemember protection issues, and monitoring the impact of policies on community banks and credit unions.