Fannie Mae-No Politics (FNMA)

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Perhaps. But from a cursory glance, the bill doesn't seem overwhelmingly positive for current shareholders (i.e. "wind down"). However, I can't find a copy of the proposal to outline the specific details.

Judging from this article, I don't see how this is any significant advancement over Corker-Warner. Basically, the government is explicitly telling dubious TBTF institutions that they will only be liable for 10% of their failures...the government will carry the rest of the burden. Also, using the words "eliminate affordable housing goals" is sure to incite the ire of the Democratic left.

"Under their proposal, Fannie Mae and Freddie Mac would be wound down and replaced with a new government reinsurer. It would mandate private financiers hold a stake and take at least 10 percent of the first losses on mortgage debt. The government would only provide assistance after private creditors had taken a hit.

...

The outline from the two senators said they plan to "eliminate affordable housing goals" and instead establish housing-related funds to ensure housing is available for all types of borrowers and renters."

http://www.reuters.com/article/2014/03/11/usa-housing-idUSW1N0LH02120140311