Replies to post #208386 on Fannie Mae-No Politics (FNMA)

[obiterdictum]

In a manner of speaking yes. Johnson and Crapo made an amendment in the nature of a substitute and they called it many other things rather than what it was. It is not a bill. They did not call it a bill.

It was the media who put that out there about a bill. Journalsits did not examine the discussion draft carefully, and did not notice the heading content, and went with interpreting the Johnson and Crapo press releases in their own manner. It then just spread.

However, as explained twice before, the amendment if accepted by a majority of the committee, the entire text of the Johnson and Crapo amendment in the nature of a substitute will replace the entire text of Corker-Warner and thereby become by substitution S. 1217.

See:
amendment in the nature of a substitute
http://www.senate.gov/reference/glossary_term/amendment_substitute.htm

http://www.wisegeek.com/in-congress-what-is-an-amendment-in-the-nature-of-a-substitute.htm