Statement of House Financial Services Committee Chairman Barney Frank
Washington, DC,
April 30, 2009
House Financial Services Committee Chairman Barney Frank made the following statement today after Minnesota Rep. Michele Bachmann issued a news release touting an amendment she offered to the Mortgage Reform and Anti-Predatory Lending Act of 2009. “I made a mistake yesterday in not objecting to the Bachmann amendment. I did not read it carefully, and it was in the last minute that the amendment was accepted. It is a deeply flawed amendment and I am opposed to it. “Banning people from possible participation in government programs based on an indictment is a violation of the basic principles of due process, and I intend to offer a corrected amendment when the bill comes to the floor of the House next week.” ### |