I listened to the hearing, and Machado asked for a few panel members to get back to him with further information, giving them 30 days to do so. That puts us out to February 28.
Now I think that tighter underwriting guidelines will come from the lender/investor side first. That means by the time the Senate Finance Committee gets around to stopping the ponzi scheme of loose lending and finally pays attention to bank safety, the very loans they are trying to prevent will no longer even be available.