The American Land Title Association (ALTA) and the National Community Reinvestment Coalition (NCRC) have released statements regarding the Housing Finance Reform and Taxpayer Protection Act of 2013 otherwise known as the Johnson-Crapo Bill. On May 15, it passed out of the Senate Banking Committee with a 13-9 vote and is heading to the Senate floor.
"The deeply divided committee vote is a clear signal that this bill is dead in the water, and with good reason,” NCRC said in its statement.