House Financial Services Committee chairman Spencer Bachus, R-Ala., on Monday said he is trying to forge a consensus on GSE reform legislation based on several bills already approved by a subcommittee.

Moreover, Bachus said he wants to secure the support of Democratic members before moving to a full committee markup. “If you pass a bill by one vote, it’s not going anywhere in the Senate," Rep Bachus told reporters at a conference sponsored by the Independent Community Bankers of America.

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