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H.R. 1564 & 1105 Break Down Regulatory Barriers to Job Creation

| Posted in Member Corner

Congressman Robert Hurt introduced two of the bills we considered in today's markup: H.R. 1564, the Audit Integrity and Job Protection Act and H.R. 1105, the Small Business Capital Access and Job Preservation Act. Both were reported favorably by the committee with bipartisan support.    The first bill, H.R. 1564, prohibits the Public Company Accounting…

How the U.S. GSE Model Measures Up to the Rest of the World: We’re Number... 17?

| Posted in Member Corner

Proponents of the GSE model of housing finance often assert that the costs of that model are justified because it provides benefits that no other countries enjoy. In fact, before the collapse of the GSEs in 2008, their supporters often argued that “American housing finance is the envy of the world.” But the reality is that for all of the resources and subsidies that the GSEs directed (we…

Weekly Rundown

| Posted in Member Corner

We’ll hold four hearings -- including full committee action on sustainable housing finance reform -- this week in addition to our three (and a half) bills on the House Floor. Be sure to check back here on the Bottom Line Blog -- and subscribe to our email lists  --  for updates throughout the week. Here’s what’s happening: We’re told on Tuesday the Rules Committee will meet…

Obama Treasury Secretary: ‘We are overachieving on deficit reduction’

| Posted in Member Corner

During the first term of the Obama administration, our nation racked up four straight years of trillion dollar-plus deficits and as much debt as was accumulated in our first 200 years. Under President Obama, our national debt has increased by more than $6 trillion – the largest increase under any president in history. But according to President Obama's Treasury Secretary, Jack Lew, it’s…