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On Friday, Senate Banking Committee Chairman Mike Crapo, R-Idaho, released an outline of his proposal to overhaul the nation's housing finance system, which includes some provisions that align with NAFCU's position on reform. 
 
"My priorities are to establish stronger levels of taxpayer protection, preserve the 30-year fixed rate mortgage, increase competition among mortgage guarantors, and promote access to affordable housing," said Crapo.
 
In response, NAFCU President and CEO Dan Berger noted the association's appreciation for the senator's commitment to reform. "We appreciate Chairman Mike Crapo's commitment to reforming our housing finance system, including the recognition of the need for fair pricing and access for financial institutions of all sizes. We look forward to working alongside Congress and the Administration to ensure that credit union interests are protected in any housing finance reform proposal that is ultimately enacted," said Berger.
 
Last week, the White House said it will work with Congress to reform the housing finance system and government-sponsored enterprises (GSEs). NAFCU has urged the Trump administration and Congress to work together on a comprehensive solution to housing finance reform, and has argued that the continued conservatorship of the GSEs is unsustainable. 
 
Additionally, NAFCU has previously shared its core principles for housing financial reform that should be included in any final reform measures with lawmakers and numerous officials in the Trump administration. The association's core principles are also cited in a recent report from the Government Accountability Office (GAO) calling on Congress to consider housing finance reform legislation. 
 
Berger met with Crapo and other members of the committee ahead of the 2019 swearing-in ceremonies. The association continues to work closely with Crapo, members of Congress and the administration on housing finance reform.