Committee Passes Legislation to Protect Residents of HUD Housing

On Wednesday, the House Financial Services Committee held a markup of H.R. 1690, the Safe Housing for Families Act of 2019, legislation that protects residents of U.S. Department of Housing and Urban Development-subsidized housing from carbon monoxide poisoning.

This legislation, introduced by Rep. Chuy Garcia (D-IL), would authorize $300 million over three years to fund the installation and maintenance of carbon monoxide detectors in HUD-subsidized housing units that have combustion-fueled appliances or a ventilation system that connects them to such units.

It was approved on a voice vote.

Members Spotlight

Congressman Bill Foster (D-IL)          Congressman Stephen Lynch (D-MA)

Fintech and AI: On Tuesday, Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, hosted a press conference with Congressman Bill Foster (D-IL), Chairman of the Task Force on Artificial Intelligence, and Congressman Stephen Lynch (D-MA), Chairman of the Task Force on Financial Technology.

See Facebook Live footage of the press conference below and click here and here to learn more about this week’s hearings, which were the first hearings held by both task forces.

Weekend Reads

ABC News | Democrats protest delay of Harriet Tubman $20 bill, want Congress to require it

NBC News | House committee passes $300 million bill requiring carbon monoxide detectors in public housing

CNBC | House passes bill that would block enforcement of SEC investor protection rule

The Hill | House panel to hold hearing on Facebook cryptocurrency project

Tweet of the Week

Chairwoman's Corner

July 2019 Committee Schedule: On Monday, Chairwoman Waters announced several Committee hearings for the month of July. See schedule below and click here for most up-to-date Committee schedule:

• Wednesday, July 10 at 10:00 AM — The full Committee will convene a hearing entitled, “Monetary Policy and the State of the Economy.”
  
  
• Wednesday, July 10 at 2:00 PM — The Subcommittee on Investor Protection, Entrepreneurship and Capital Markets will convene a hearing entitled, “Building a Sustainable and Competitive Economy: An Examination of Proposals to Improve Environmental, Social and Governance Disclosures.”
  
  
• Thursday, July 11 at 10:00 AM — The full Committee will convene for a markup.
  
  
• Tuesday, July 16 at 10:00 AM — The full Committee will convene for a continuation of the July 11 markup.
  
  
• Wednesday, July 17 at 10:00 AM — The full Committee will convene a hearing entitled, “Examining Facebook’s Proposed Cryptocurrency and Its Impact on Consumers, Investors, and the American Financial System.”
  
  
• Wednesday, July 24 at 10:00 AM — The full Committee will convene a hearing entitled, “The Next Megabank? Examining the Proposed Merger of SunTrust and BB&T.”
  
  
• Thursday, July 25 at 10:00 AM — The Task Force on Financial Technology will convene a hearing entitled, “Examining the Use of Alternative Data in Underwriting and Credit Scoring to Expand Access to Credit.”