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Tim Johnson

  • Post-election committee leadership changes and growing momentum behind bipartisan fixes may lead to tweaks to the 2010 Dodd-Frank law for the smallest community banks, larger firms such as PNC Financial Services of Pittsburgh and Regions Financial of Birmingham, Alabama, and insurers, lobbyists and congressional staffers said.

  • Senate to consider bill to keep Export-Import Bank open Wednesday, 30 Jul 2014 | 9:31 PM ET

    The 80- year-old bank will be forced to close unless Congress acts to renew its charter by Sept. 30, but critics led by Texas congressman Jeb Hensarling have decried it as corporate welfare.

  • WASHINGTON, May 15- A Senate panel on Thursday approved legislation to wind down Fannie Mae and Freddie Mac and redesign the U.S. mortgage finance system, but sparse support among Democrats means the measure is unlikely to make it into law.

  • WASHINGTON, May 15- A Senate panel on Thursday approved legislation to wind down Fannie Mae and Freddie Mac and redesign the U.S. mortgage finance system, but sparse support among Democrats means the measure is unlikely to make it into law.

  • U.S. Senate panel sets Thursday vote on housing bill Monday, 12 May 2014 | 4:33 PM ET

    WASHINGTON, May 12- The Senate Banking Committee plans to vote on a U.S. housing finance reform bill on Thursday in what could be the last effort this year to move forward with legislation to wind down mortgage firms Fannie Mae and Freddie Mac. Tim Johnson, the Democrat who chairs the committee, and the panel's top Republican, Sen.

  • WASHINGTON, May 6- The Senate Banking Committee will vote on a bill to revamp the U.S. housing finance system next week, a Senate aide said on Tuesday.

  • *Bill could clear panel, but full Senate vote unlikely. *Bill would shutter Fannie Mae and Freddie Mac. WASHINGTON, April 29- The already dim prospects for a bill to wind down taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac grew darker on Tuesday, as a U.S. Senate committee postponed a vote on the legislation.

  • *Bill could clear panel, but full Senate vote unlikely. *Bill would shutter Fannie Mae and Freddie Mac. WASHINGTON, April 29- The already dim prospects for a bill to wind down taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac grew darker on Tuesday, as a U.S. Senate committee adjourned a meeting on the bill without holding any votes.

  • WASHINGTON, April 29- The Senate Banking Committee will open debate on a bill to wind down taxpayer-owned mortgage financiers Fannie Mae and Freddie Mac on Tuesday, but does not plan any votes as the panel's leaders scramble for broader support.

  • WASHINGTON, April 25- A U.S. Senate bill on housing finance reform could undermine the stability of the mortgage market if it became law in its current form, the head of government-run mortgage financier Freddie Mac warned the company's regulator.

  • WASHINGTON, April 24- The U.S. Senate Banking Committee appears likely to back a bill to wind down government-backed mortgage giants Fannie Mae and Freddie Mac, according to sources familiar with talks on the legislation.

  • WASHINGTON, March 27- The top Democrat on the U.S. House Financial Services Committee on Thursday introduced a draft proposal to abolish Fannie Mae and Freddie Mac and create a new lender-owned cooperative that would issue government-backed loans.

  • WASHINGTON, March 21- A Senate proposal to overhaul the U.S. housing finance system would make mortgages more expensive and less available, especially in minority communities, a coalition of consumer advocates and civil rights groups warned on Friday.

  • Sioux Falls braces for crowds at McGovern services Thursday, 25 Oct 2012 | 10:27 AM ET

    SIOUX FALLS, S.D.-- South Dakota's largest city is welcoming political figures, family and friends in town to mark the life and career of former Democratic U.S. senator and three-time presidential candidate George McGovern, a legend in state's political history who died Sunday at age 90..