Today, the U.S. House of Representatives passed five bipartisan financial services bills to reauthorize the Terrorism Risk Insurance Program, ensure disaster relief is distributed fairly, address homelessness and protect investors.
The legislation passed by the House includes:
The Reforming Disaster Recovery Act of 2019 (H.R. 3702), a bipartisan bill that would permanently authorize the Community Development Block Grant-Disaster Relief (CDBG-DR) program and strengthen administration and oversight of the program to ensure disaster relief is distributed efficiently and equitably. This bill was introduced by Representative Al Green (D-TX), Chairman of the Subcommittee on Oversight and Investigations and Rep. Ann Wagner (R-MO), and passed by a vote of 290-118.
The Tribal Eligibility for Homeless Assistance Grants Act of 2019 (H.R. 4029), a bill to address homelessness among Native Americans and Alaska Natives by making tribes and tribally designated housing entities eligible for McKinney-Vento Homeless Assistance Grant funding. This bill was introduced by Representative Denny Heck (D-WA) and passed by a voice vote.
The Fostering Stable Housing Opportunities Act (H.R. 4300), a bill that would help to ensure that youth who are aging out of foster care and are at risk of homelessness will have critical assistance to help them achieve housing stability and self-sufficiency. This bill was introduced by Representative Madeleine Dean (D-PA) and passed by a voice vote.
The Investor Protection and Capital Markets Fairness Act (H.R.4344), a bill that would substantially strengthen the authority of the Securities and Exchange Commission (SEC) to recover the wrongful gains of securities law violators for investors. This bill was introduced by Representative Ben McAdams (D-UT) and passed by a vote of 314-95.
The Terrorism Risk Insurance Program Reauthorization Act of 2019 (H.R. 4634), a bill that would provide a long-term reauthorization of the Terrorism Risk Insurance Program and prevent the critical program from expiring at the end of 2020.This bill was introduced by Representative Maxine Waters (D-CA), Chairwoman of the House Committee on Financial Services, and passed by a vote of 385-22.