Since its adoption on May 25, HR 1461—which would create a new regulator for Fannie Mae, Freddie Mac, and the Federal Home Loan Banks—has received serious attention as a precursor to congressional action later this year. Supporters of Fannie and Freddie are said to be jubilant; opponents see the bill as worse than current law. The presenters at this event will review the bill in detail and will consider whether the president is likely to sign it in its current form.