Senate Banking Committee leaders said Friday they would hold a panel vote on April 29 to reform the housing finance system.

The timing of the vote is slightly later than expected. Many observers had anticipated Sens. Tim Johnson, D-S.D., and Mike Crapo, R-Idaho, would try to hold the markup prior to a congressional two-week that begins April 12. Scheduling it for shortly after the recess ends, however, allows lawmakers and staff to continue to work on issues surrounding the bill during the break.

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