Weekend Must Reads
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Wall Street Journal | Affordable Housing Is What You Can Afford American Action Forum President Douglas Holtz-Eakin on a Senate housing “reform” bill that includes provisions for politically motivated lending. Baltimore Sun | Consumer protection bureau fails to protect A report by a Bipartisan Policy Center task force comes after almost a year's worth… Sunday Video Message | Rep. Mick Mulvaney
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Congressman Mick Mulvaney (Twitter | Facebook) delivers this week's Sunday Video Message on the $1.7 billion taxpayer-funded bailout of the Federal Housing Administration. This Halloween, Watch Out For Those Who Are Trying to Trick You About the PATH Act!
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The Protecting American Taxpayers and Homeowners Act – the PATH Act – expressly preserves the 30-year fixed rate mortgage. In fact, it's the only housing reform bill that specifically does so. But those who defend the status quo are trying to trick you into believing otherwise. Don't believe those scare tactics. Just read it for yourself. On page 39 of the bill, it's spelled out… The FHA is Broke, but Apparently No One is Accountable
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Today, the House Financial Services Committee held a hearing on the Federal Housing Administration’s (FHA) first-ever taxpayer-funded bailout — approximately $1.7 billion. Despite long-standing concerns about its solvency, the FHA has not taken the necessary steps to mitigate its losses. FHA currently has several means at its disposal to minimize losses to its insurance fund, yet… Weekly Rundown
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The House is in session Monday through Wednesday this week and will consider two Financial Services bills. Additionally, the committee will hold two hearings. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for more information throughout the week. Here's what's happening: On Tuesday at 10 a.m. the Full Committee… Chairman Hensarling on Fox Business: "A Broke FHA Does No One Any Good"
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Chairman Hensarling appeared on Fox Business Network earlier today to discuss tomorrow's Full Committee hearing on the $1.7 billion taxpayer-funded bailout the Federal Housing Administration (FHA) received at the end of September. Hensarling on FHA's current condition: "Well as you probably know, FHA is about to receive their first bailout… Sunday Video Message | Rep. Ann Wagner
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Congresswoman Ann Wagner (Twitter | Facebook) delivers this week's Sunday Video Message on her legislation -- H.R. 2374, the Retail Investor Protection Act. H.R. 2374 will be considered on the House floor this week. Who Protects Consumers from the Consumer Financial Protection Bureau?
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Update 11/18/13: The full committee will consider six bills to reform the CFPB on Wednesday. Next week the Financial Institutions and Consumer Credit Subcommittee will hold a hearing to discuss legislative proposals to bring more accountability, reform and transparency to the Consumer Financial Protection Bureau (CFPB). As Chairman Hensarling has pointed out, the… Weekend Must Reads
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Forbes | Dodd-Frank’s Costs Will Be Paid For By Low-Income Bank Customers A whole segment of society is losing access to mainstream banking that allows them to safely save and invest for the future. They are being pushed into nontraditional financial arrangements not by choice, but because of Dodd-Frank. NRO | 10 Questions for Janet Yellen With Janet Yellen… Sunday Video Message | Rep. Randy Hultgren
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Congressman Randy Hultgren (Twitter | Facebook) delivers this week's Sunday Video Message on his legislation -- H.R. 992, the Swaps Regulatory Improvement Act. H.R. 992 will be considered on the House floor this week. Browse Documents by Date or Issue |
