Sen. Shelby does continue to hope to be able to pass strong GSE regulatory reform legislation in 2006.
Clearly in our opinion there's some dysfunction in how the (CFIUS) process works in terms of transparency and whether national security concerns are being properly weighed in the decision.
Our focus has been on having a hearing and putting the Senate in a position to move on the nomination prior to the expiration of Chairman Greenspan's term.
We continue to work with leadership to draft a bill that will provide the necessary borrowing authority as expeditiously as possible.
It is something that was discussed today, but largely it's a question for the leadership as to when a final vote would occur.
We are trying to work through the concerns that have been raised and trying to reach a bipartisan consensus.
Until there is reform, we're going to continually have questions about these deals moving forward.
Some people have noticed a difference in drying time, with it reduced by half.
Copyright © 2024 Electric Goat Media. All Rights Reserved.