does anyone know more about Parrott and jumpstart than what was mentioned on Maloni's blog?
Not me, but if Trump is serious about getting FnF released then he can just veto any bill that has Jumpstart-like language in it. He can get administrative reform done before Congress gets a chance to override the veto, if they can even get enough consensus to do so.
And that's why Corker inserted it in the end of the year omnibus bill. Any chance they throw this into the omnibus education bill being considered now?
I'd say the big difference now is that Obama wanted the Jumpstart language, or at least didn't mind it. He had no reason to veto the spending bill because of it.
Trump, on the other hand, both has different goals for the GSEs and is more willing to engage in brinksmanship. I don't think he would blink at sending the spending bill back to Congress, telling them to take out the Jumpstart language and otherwise leave it intact. I don't think there's enough will in Congress to defy Trump over something relatively minor like this.
Not to say that it can't happen, but the circumstances are different enough this time around that I don't see it as a threat. If I remember right, Corker tried this same tactic in 2017 and it didn't work. The fact that Corker himself is no longer around is another reason I don't expect Jumpstart language to pop up.
http://www.valueplays.net/2015/12/16/corker-slips-jump-start-act-in-omnibus-bill-its-irrelevant/In addition, the language of the last Jumpstart bill allowed for trickery like changing the dividend rate on the seniors to 0.000001% and the liquidation preference to $1. It only stopped Treasury from getting rid of the shares themselves.
