Mike Johanns: “My concern is it does not stop there. What I saw about Dodd-Frank, you know, we started out with, I think, a laudable…”

It is Congress who will create the next housing finance system and that the next housing finance system is not the conservatorship of the FHFA.

I will continue to push this legislation, but many of its provisions are things that HUD has the flexibility to implement on its own.

Thank you, Mr. Chairman.

But to anyone who might be listening in who is wondering if is it time to give up, it is not.