The Senate Committee on Banking, Housing, and Urban Affairs marked up the Federal Housing Administration (FHA) Solvency Act of 2013, S. 1376, on July 31. The measure was approved by a vote of 21 to 1 after a number of amendments were accepted en bloc as part of a manager’s amendment. Senator Tom Coburn (R-OK) was the only opposing vote to the final measure. Amendments related to reverse mortgages and limitations on FHA insurance for households that have had more than two foreclosures were among those adopted. The Committee held a hearing on the measure on July 24 (see Memo, 7/26). The bill includes many legislative proposals requested by FHA and the Administration to strengthen the solvency of FHA’s mutual mortgage insurance (MMI) fund, among other reform provisions.Committee Chair Tim Johnson (D-SD) and Ranking Member Mike Crapo (R-ID) indicated plans to work on housing finance reform legislation during the August recess now that the Committee has approved the FHA reform measure. An archived webcast of the markup is available at: http://1.usa.gov/17RAi3h