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CBO: Housing bill would save $58 billion and reduce taxpayer risk

The Hill, By Vicki Needham

Authors of a massive housing finance industry overhaul said that a recent Congressional Budget Office (CBO) report provides further proof that their legislation would save taxpayers billions and reduce risk.

 

The CBO estimates that a bipartisan measure approved by the Senate Banking Committee in May would save $58 billion over 10 years.

 

But the effort to move forward in Congress continues to languish.

At this point, the bill isn’t expected to reach the Senate floor before year’s end, leaving it to the next Congress to consider, quite possibly one with a different makeup.

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