Video archive of the US Congress

House Proceeding on Mar 5th, 2009 :: 0:35:10 to 0:37:30
Total video length: 1 hours 28 minutes Stream Tools: Stream Overview | Edit Time

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Ellen O. Tauscher

0:35:06 to 0:35:27( Edit History Discussion )

Ellen O. Tauscher: actually made it better. mr. speaker, i reserve the balance of my time. the speaker pro tempore: the gentlelady reserves her time. the gentleman from florida. mr. hastings: thank you very much, mr. speaker. mr. speaker, i'm very pleased minutes to the the gentlewoman from california, a member of the committee on the judiciary, ms. lofgren, and if ms. lofgren desires, i would stand and

Ellen O. Tauscher

0:35:10 to 0:37:30( Edit History Discussion )
Speech By: Ellen O. Tauscher

Ellen O. Tauscher

0:35:28 to 0:35:48( Edit History Discussion )

Ellen O. Tauscher: allow that she yield to mrs. tauscher during the course of her two minutes. the spea gentlelady from california is recognized for two minutes. ms. lofgren: i would like to yield to my colleague from california, mrs. tauscher. mrs. tauscher: i thank the gentleman from florida for yielding, i thank my colleague from california for yielding. i rise to engage in a colloquy

Ellen O. Tauscher

0:35:49 to 0:36:10( Edit History Discussion )

Ellen O. Tauscher: with my distinguish colleague from california, ms. lofgren. and i yield to the gentlewoman from. ms. lofgren: i'm happy to engage in a colloquy. mrs. tauscher: i would like to take this opportunity to thank ms. lofgren, chairman conyers, speake pelosi, majority leader hoyer, majority whip clyburn for the collaborative and constructive discussions we have had during the past several weeks.

Ellen O. Tauscher

0:36:11 to 0:36:33( Edit History Discussion )

Ellen O. Tauscher: our good faith negotiations have resulted in positive changes to this bill by increasing it in the chapter 13 bankruptcy process and making qualified loan modifications the centerpiece of our efforts to keep families in their homes. in addition to other changes making the bill stronger, the legislation will bankruptcy judge considers whether a

Ellen O. Tauscher

0:36:34 to 0:36:54( Edit History Discussion )

Ellen O. Tauscher: -- has been offered a qualified clone modification before seeking a judicial modification. this is consistent with president obama's plan. additionally, changes were made to ensure judges use f.h.a. appraisal guidelines in determing the fair market value. this will streamline and simplify the process. i'm also pleased that we have included language to prevent wealthy people who can afford

Ellen O. Tauscher

0:36:55 to 0:37:15( Edit History Discussion )

Ellen O. Tauscher: their loans from filing bankruptcy just to capitalize on falling real estate prices and to get a better deal where there are so many more that are truly in need. this bill's not perfect, but the process has worked better than anyone expected. over the last couple of weeks we have worked together to make improvement that is will ensure that bankrupy is the last

Ellen O. Tauscher

0:37:16 to 0:37:31( Edit History Discussion )

Ellen O. Tauscher: option and the last option -- option of resort. accessible and sustainable loan modifications are essential to getting millions of families the tools they need to keep their homes. along with presidentbama's making homes affordable, this will offer a comprehensive plan

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