Housing finance experts Ellen Seidman, Laurie Goodman and Jim Parrott discuss the history of the stalled Johnson-Crapo GSE-reform bill and the likelihood of further action. Although Johnson-Crapo contained an incentive intended to ensure that the system would serve low income borrowers, progressive members of the Senate Banking Committee were uneasy with the impact of increased risk-based pricing and higher capital requirements on the cost of borrowing. Although consensus emerged on many issues, addressing the concerns of the progressives became incompatible with retaining the bill’s bipartisan support. The experts agreed it was unlikely the bill would make any short-term progress, but consider it possible that administrative action could enact some of the bill's provisions.