On August 4, the Senate passed H.R. 5981, a bill giving the FHA more flexibility to adjust its premiums for single-family housing mortgage insurance by allowing it to raise its annual premium from the current maximum of 0.55% to a maximum of 1.55%. H.R. 5981.
Senate
Senate Approves Financial Regulatory Reform Bill
On May 20, the Senate approved its version of financial regulatory reform legislation with the passage of the “Wall Street Reform and Consumer Protection Act of 2009”. The next step will be for a joint committee to reconcile the Senate and House bills. Senate Bill.