WASHINGTON, D.C. — Today, following news reports that the Treasury Department has submitted its housing finance reform plan to the White House for the final signoff, U.S. Sen. Sherrod Brown (D-OH) – ranking member of the U.S. Senate Committee on Banking, Housing, and Urban Affairs – warned the Trump Administration that if its housing reform plan fails to protect the housing market and working families it could risk destabilizing the economy.
“In March, stakeholders told us what it takes to make a housing market that works for all families and communities, including those who have been historically underserved. Soon we will see if the White House was listening,” said Brown. “Failing to listen to these important voices does a disservice to communities and puts our housing market and taxpayers at risk.”
In June, during a Senate Banking Committee hearing, Sen. Brown laid out foundational principles for equitable housing finance reform that would serve all American homeowners and renters. The principles reflect the feedback of key stakeholders who testified before the Committee during two days of hearings in March 2019.