Subcommittee on Housing and Insurance

An internal federal probe has concluded that Maurice Jones, Virginia Gov. Terry McAuliffe’s new commerce secretary, improperly lobbied Congress while he was in the Obama administration last year. Mr. Jones, who was a deputy secretary at the U.S. Department of Housing and Urban Development, sent an email to more than 1,000 recipients — including 46 people at HUD — asking them to contact… Read more »

The Financial Services Housing and Insurance Subcommittee held a hearing today on the importance of implementing the Biggert-Waters Flood Insurance Reform Act in order to protect taxpayers from having to continue bailing out the debt-ridden National Flood Insurance Program (NFIP). Read more »

The House is in session Monday through Thursday this week. Be sure to check back here on the Bottom Line Blog -- and sign up for our email updates -- for committee specific information as the week progresses.  Here's what's happening:  On Tuesday morning at 10 a.m., the Oversight & Investigations Subcommittee undertakes a general overview of disparate impact… Read more »

  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.  Read more »

Financial Services Committee Chairman Jeb Hensarling (R-TX) today announced the committee’s hearing schedule for the first half of October.  October 1 at 10:00 A.M. – 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… Read more »

  Housing & Insurance Subcommittee Chairman Randy Neugebauer (Facebook | Twitter) delivers this week's Sunday Video Message on the PATH Act. The full committee will markup the PATH Act this Tuesday at 10:15 a.m. Read more about the act -- including how it sustains the 30-year fixed rate mortgage and enables FHA to play an expanded role in times of crisis -- on our Bottom Line Blog.  Read more »

UPDATE: After releasing details of the PATH Act, the full committee held a hearing entitled “A Legislative Proposal to Protect American Taxpayers and Homeowners by Creating a Sustainable Housing Finance System” on July 17, 2013, bringing the total to 12 hearing and more than 50 witnesses on this subject since January. We've blogged before about the importance of… Read more »

  Housing & Insurance Subcommittee Chairman Randy Neugebauer talked about the Protecting American Taxpayers and Homeowners Act on Fox Business's The Willis Report yesterday evening. He also spoke about the housing reform plan on KFYO’s Lubbock First News. The full committee will hold a hearing on the PATH Act discussion draft this Thursday at 1 p.m.  Read more »

Leaders on the Financial Services Committee today announced the PATH Act – the Protecting American Taxpayers and Homeowners Act – to create a sustainable housing finance system. Read more »

The Department of Housing and Urban Development’s (HUD) Moving to Work program is the best approach available to help families in public housing achieve self-sufficiency, witnesses told the Housing and Insurance Subcommittee at a hearing yesterday. Read more »