Chairman Frank, on behalf of the House conferees, released the House offer on the titles listed below.  The issues will be subject to debate when the House-Senate Conference Committee convenes in room SD-106, Dirksen Senate Office Building, at 12:00 p.m. tomorrow.

Chairman Frank, on behalf of the House conferees, released the House offer on the titles listed below.  The issues will be subject to debate when the House-Senate Conference Committee convenes tomorrow.

Chairman Frank, on behalf of the House conferees, released the House offer on the titles listed below.  The issues will be subject to debate when the House-Senate Conference Committee convenes in room 2128 Rayburn at 11:00 a.m. tomorrow.

Chairman Frank, on behalf of the House conferees, released the House offer on the titles listed below.  The issues will be subject to debate when the House-Senate Conference Committee convenes tomorrow.

The U.S. House of Representatives today passed legislation introduced by Congresswoman Maxine Waters (D-CA) to help families realize the dream of homeownership, protect Americans from mortgage fraud and save taxpayers money. The FHA Reform Act of 2010 (H.R. 5072) ensures that the Federal Housing Administration (FHA) remains viable and continues its mission of insuring mortgage loans.  The bill passed overwhelmingly by a vote of 406-4.

Below is a summary of the House-passed H.R. 4173 provisions that have been included in the Senate Wall Street Reform and Consumer Protection Act base text:

Yesterday, House Financial Services Committee Chairman Barney Frank sent the following letter to Brian Lamb, Chairman and CEO of C-SPAN, reiterating his call for the open, public House-Senate conference meetings to be carried on C-SPAN:    June 8, 2010  Dear Mr. Lamb, Thank you for committing the necessary resources to provide gavel-to-gavel coverage of the opening day of… Read more »

House Financial Services Committee Chairman Barney Frank (D-MA) issued the following statement on the passage of the Financial Stability Bill tonight in the Senate

House Financial Services Committee approved key legislation designed to boost bank lending to small businesses struggling to gain access to credit due to the financial crisis. 

Today, House Financial Services Committee Chairman Barney Frank (D-MA) testified before the Ways and Means Committee during a hearing on tax proposals related to Chairman Frank’s legislation to license and regulate Internet gambling activities. The following is Chairman Frank’s testimony as prepared for delivery: Chairman Levin, Ranking Member Camp, thank you for the opportunity to… Read more »

House Financial Services Committee Chairman Barney Frank (D-MA) released the following statement on the April jobs report

Financial Services Committee Chairman Barney Frank (D-MA) introduced legislation that is the second piece of a two-pronged approach to assure continuity and stability in the National Flood Insurance Program (NFIP) and the nation’s housing markets

Today, Financial Services Committee Chairman Barney Frank (D-MA) commended the launch of a $200 million fund by Citigroup to help spur lending to small businesses and promote economic development in low-income communities.  The Communities At Work Fund will provide financing to Community Development Financial Institution (CDFI) Loan Funds that lend and assist small businesses in… Read more »

Rep. Spencer Bachus should know better.  In a long op-ed in Politico, the Alabama Republican talks at length about the supposed Democratic failure to reform the GSEs, but apparently President Bush’s “ownership society” doesn’t apply to Republicans taking responsibility for their own failures.  The Republican record on Fannie and Freddie is clear and… Read more »

The House Financial Services Committee today passed legislation introduced by Congresswoman Maxine Waters (D-CA) to improve the National Flood Insurance Program (NFIP), the primary source of reliable, affordable flood insurance coverage for millions of American homes and businesses. The legislative reform package reauthorizes the program for 5 years. “Without being reauthorized, the… Read more »

Today, the House Financial Services Committee approved by a vote of 39-26 the Homeowners’ Defense Act, innovative bipartisan legislation to reduce insurance premiums for homeowners around the country. The Homeowners’ Defense Act, authored by Rep. Ron Klein (D-FL) and co-sponsored by more than 70 of his colleagues representing over 30 states, allows states that choose to… Read more »

Today, the House Financial Services Committee approved legislation to ensure that the Federal Housing Administration (FHA) remains viable and continues its mission of insuring mortgage loans. Congresswoman Maxine Waters (D-CA), Chairwoman of the Housing and Community Opportunity Subcommittee, drafted the FHA Reform Act of 2010 (H.R. 5072) in response to recent events that caused… Read more »

Today, to mark Earth Day, the House Financial Services Committee approved H.R. 2336, the GREEN Act (Green Resources for Energy Efficient Neighborhoods), by a voice vote. The bipartisan legislation, authored by Reps. Ed Perlmutter (D-CO) and Judy Biggert (R-IL), provides incentives to lenders and financial institutions which will help move our housing and building stock towards greater… Read more »

Today, the House Financial Services Committee unanimously passed H.R. 5017, the Rural Housing Preservation and Stabilization Act of 2010, introduced by Congressman Paul E. Kanjorski (D-PA), Chairman of the House Financial Services Subcommittee on Capital Markets, Insurance, and Government Sponsored Enterprises.  This action clears the bill for consideration by the U.S. House of… Read more »

As the following chart demonstrates, H.R. 4173, the Wall Street Reform and Consumer Protection Act, addresses some of the most egregious problems raised by the Lehman Brothers’ failure, which precipitated the costly taxpayer bailout put forward by President Bush in 2008. For a more complete analysis of how the Republican substitute makes taxpayer bailouts more likely, click… Read more »

Today, Financial Services Committee Chairman Barney Frank (D-MA) released the following statement: “After recent hearings on the future of housing finance, two important points have emerged from those examinations.  First, the major losses of Fannie and Freddie come from their pre-conservatorship activities, which were not curtailed by a Republican Congress that promoted… Read more »

House Financial Services Committee Chairman Barney Frank (D-MA) today made the following statement about the March employment figures released today: “The largest growth in private employment in three years is welcome evidence that our recovery from the deep Bush recession which President Obama inherited has finally begun to provide some benefits to American workers and… Read more »

House Financial Services Committee Chairman Barney Frank (D-MA) today made the following statement about stories related to a recent staff departure from the House Financial Services Committee: “Several people have expressed criticism of the move by Peter Roberson from the staff of the Financial Services Committee to ICE, after he worked on the legislation relevant to… Read more »

House Financial Services Committee Chairman Barney Frank (D-MA) today made the following statement on the announcement of the Administration’s new efforts to combat foreclosures: “I welcome the most recent steps by the Administration to help deal with the foreclosure crisis.  It must be emphasized that this is important not just for those who are themselves facing… Read more »

Tomorrow, Rep. Luis Gutierrez (D-IL), Chairman of the Subcommittee on Financial Institutions and Consumer Credit, will hold a hearing to examine the role consumer credit scores and reports play in today’s economy.  Credit scores and reports are ubiquitous in the current financial marketplace and are used for everything from credit card and mortgage approval to setting car… Read more »