Washington, D.C., March 17, 2021 – SIFMA today issued the following statement from president and CEO Kenneth E. Bentsen, Jr. on the set of guiding principles for housing finance reform introduced by U.S. Senate Banking Committee Ranking Member Pat Toomey (R-PA):

“SIFMA applauds Ranking Member Toomey for publishing principles for GSE reform.  SIFMA has long supported comprehensive housing finance reform that includes a government guarantee to ensure the continued liquidity of the TBA MBS market.  We urge Congress to enact thoughtful reform that creates a permanent solution to the ongoing conservatorships of the GSEs.”

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SIFMA is the leading trade association for broker-dealers, investment banks and asset managers operating in the U.S. and global capital markets. On behalf of our industry’s nearly 1 million employees, we advocate for legislation, regulation and business policy, affecting retail and institutional investors, equity and fixed income markets and related products and services. We serve as an industry coordinating body to promote fair and orderly markets, informed regulatory compliance, and efficient market operations and resiliency. We also provide a forum for industry policy and professional development. SIFMA, with offices in New York and Washington, D.C., is the U.S. regional member of the Global Financial Markets Association (GFMA). For more information, visit http://www.sifma.org.