The Senate Banking Committee will delay a vote on its highly anticipated legislation to overhaul the housing finance market, a Senate aide confirmed Tuesday morning, just hours before the markup was scheduled to begin.

The panel will still meet on Tuesday, voting on several nominees to the Federal Reserve Board and other agencies, but will only hear opening statements from Senate Banking Committee Chairman Tim Johnson and Sen. Mike Crapo, the panel's top Republican, about the housing finance bill. The panel will then recess for an undetermined amount of time.

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