Reps. John Delaney, D-Md., John Carney, D-Del., and Jim Himes, D-Conn., introduced a new housing finance bill Thursday designed to provide an explicit government backstop for the market, while increasing private sector participation.

The three Democrats first highlighted their plan in January. Back then, lawmakers in both the House and Senate were actively debating a set of competing bills on a housing finance structure to replace government-sponsored enterprises Fannie Mae and Freddie Mac.

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