 As of mid-September 2008, McCain had not introduced any banking or housing bills in the 110th Congress, which began in January 2007.In October 2008, McCain proposed that the federal government buy troubled mortgages, and provide low-interest mortgages to qualified homeowners.For people with 401(k) plans, he wanted to allow more flexibility about when money can be withdrawn, and would lower the tax on that money, as well as lowering the tax on unemployment insurance benefits.