FEATURED:

Housing finance reform bill set for Thursday markup

The Senate Banking Committee will consider a measure on Thursday that would eliminate government-controlled mortgage giants Fannie Mae and Freddie Mac. 

The bill, which was delayed two weeks ago in an effort to attract more Democratic support, is expected to pass the committee with a smaller majority than hoped by its backers. 

Housing industry leaders last week expressed surprise and frustration that six committee Democrats said they weren't prepared to vote for the long-delayed legislation in its current form. 

They said they had hoped Democrats would continue working on making changes, such as ensuring that underserved populations aren't left out and big banks don't control the mortgage market, up until the panel considered the measure.

The latest bipartisan version authored by Senate Banking Committee Chairman Tim JohnsonTimothy (Tim) Peter JohnsonSeveral hurt when truck runs into minimum wage protesters in Michigan Senate GOP rejects Trump’s call to go big on gun legislation Court ruling could be game changer for Dems in Nevada MORE (D-S.D.) and top Republican Mike CrapoMichael (Mike) Dean CrapoLawmakers, Wall Street shrug off Trump's escalating Fed attacks GOP loads up lame-duck agenda as House control teeters Republicans shift course after outside counsel falters MORE (Idaho) is expected to get votes from 12 long-standing supporters of the 22-member panel.

But late last week the group of Democrats — Charles SchumerCharles (Chuck) Ellis SchumerMcConnell says deficits 'not a Republican problem' Medicare for All is disastrous for American seniors and taxpayers Senate Dems race to save Menendez in deep-blue New Jersey MORE (N.Y.), Robert MenendezRobert (Bob) MenendezTrump lowers refugee goal to 30,000, he must meet it Blame Senate, not FBI, for Kavanaugh travesty Dems urge tech companies to remove 3D-gun blueprints MORE (N.J.), Jack ReedJohn (Jack) Francis ReedOvernight Defense: Trump asks Turkey for evidence on missing journalist | Key Dem calls for international probe | Five things to know about 'MBS' | Air Force struggles to determine cost of hurricane damage to F-22 jets Trump administration doesn't have ambassadors in Saudi Arabia or Turkey Top Armed Services Dem calls for international probe into missing Saudi journalist MORE (R.I.), Elizabeth WarrenElizabeth Ann WarrenWarren and Sanders question Amazon CEO over Whole Foods anti-union video Senate Dems ask Trump to disclose financial ties to Saudi Arabia Republicans should prepare for Nancy Pelosi to wield the gavel MORE (Mass.), Sherrod BrownSherrod Campbell BrownOn The Money: Deficit hits six-year high of 9 billion | Yellen says Trump attacks threaten Fed | Affordable housing set for spotlight in 2020 race Lawmakers, Wall Street shrug off Trump's escalating Fed attacks The Hill's Morning Report — Presented by PhRMA — Dem victories in `18 will not calm party turbulence MORE (Ohio) and Jeff MerkleyJeffrey (Jeff) Alan MerkleySenate Dems ask Trump to disclose financial ties to Saudi Arabia Poll: Dem incumbent holds 5-point lead in Oregon governor's race Trump, Feinstein feud intensifies over appeals court nominees MORE (Ore.) — said they couldn’t support the measure.

The major concern is that without a supermajority on the committee, probably around 17 votes, that the bill won’t have enough momentum to pass the Senate and put pressure on the House to act.