Fannie Mae-No Politics (FNMA)

[obiterdictum]

1. What is meant by "passes"? Passes committee? Or passes as law?

If it is meant passes committee, the answer is yes.

If it is meant passes as law, the answer is also yes. But there are caveats to consider here for both C-W and J-C, if these pass as law before the federal cases are resolved.

2. No it is not sufficient. These bills have no practical plan of merit within them. The plans are rickety skeletons with hopes that meat and muscle will be put on the bones later by the players involved. No one knows what you are going to get in the end with these bills, except troubles galore.

C-W, as written, proposes a five year wind down. Whether that wind down plan is feasible or realistic (it is not) and needs additional legislation via amendments or an entirely new bill, will be determined by legislators during committee markup and later by positive and negative pressures on the sponsors and co-sponsors that come from within the committee, within the Senate and House, from the FHFA, US Treasury, and the GSEs, and lobbying efforts and opposition from external political, financial and social organizations.

Source:
C-W
https://www.govtrack.us/congress/bills/113/s1217/text

J-C
http://www.banking.senate.gov/public/index.cfm?FuseAction=Files.View&FileStore_id=512757b1-e595-4b85-8321-30d91e368849