The U.S. Department of the Treasury on Thursday released a plan to reform the housing finance system that it says is designed to protect taxpayers against future bailouts and help Americans who want to buy a home.

In response to the release of the Treasury report, Structured Finance Association CEO Michael Bright issued the following statement:

“The Structured Finance Association (SFA) greatly appreciates the Administration’s continued and thoughtful focus on the important challenge of housing finance reform. SFA members trust that the Administration and Congress will remain committed to reducing the nation’s reliance on government support of the nation’s housing market. SFA members, representing the entire securitization industry, are committed to helping our country responsibly deliver mortgage credit to all communities.”