CHICAGO - The federal government's attempt over the summer to pump life into the housing market with the Housing and Economic Recovery Act of 2008 has so far had little impact, as the larger economic turmoil has rendered parts of the legislation nearly irrelevant, participants at The Bond Buyer's Midwest Public Finance conference said here yesterday.

To address some of the act's shortfalls, housing finance advocates are now pushing Congress to implement a number of provisions that would inject some equity into the housing sector, said panelists discussing housing finance.

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