Congress has extended the current Transportation Bill until Friday, December 4.  The extension was passed to give the members of the House-Senate Conference Committee additional time to reconcile the differences between the House bill, which includes the NAR-supported amendment removing the Fannie Mae/Freddie Mac G-Fee as a funding mechanism, and the Senate Bill which relies on an extension of the G-Fee to help finance the Transportation Bill. Of the House members included in the Conference talks are Representatives Jeb Hensarling (R-TX) and Randy Neugebauer (R-TX), who successfully offered an amendment to remove the use of Fannie Mae and Freddie Mac guarantee fees (g-fees)  from the House’s transportation package. Ideally their expertise and leadership will carry forward during the negotiations with the Senate to remove g-fees as a funding stream for transportation.

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