The top House Republican on housing said that provisions in the Senate’s bipartisan reform legislation wouldn’t have passed the House because they involved spending but emphasized that there is much overlap between that bill and the House’s new bipartisan measure.

The House Financial Services Committee advanced the bill, the Housing for the 21st Century Act, in December. The Washington Examiner sat down with Rep. Mike Flood (R-NE), the chairman of the housing subcommittee, to discuss the legislation, the process of crafting it, and what’s next.