Video archive of the US Congress

House Proceeding on Jul 23rd, 2008 :: 2:09:18 to 2:12:02
Total video length: 2 hours 55 minutes Stream Tools: Stream Overview | Edit Time

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Louise McIntosh Slaughter

2:03:44 to 2:09:18( Edit History Discussion )
Speech By: Louise McIntosh Slaughter

Louise McIntosh Slaughter

2:09:01 to 2:09:18( Edit History Discussion )

Louise McIntosh Slaughter: who have had to sell their homes in foreclosure will be spared from getting hit by a larger tax women in addition to losing their homes. there are a number of other critical components in

Pete Sessions

2:09:18 to 2:09:35( Edit History Discussion )

Pete Sessions: the housing rescue package. i'd like everyone to note, because we'll probably hear a great deal of debate here on the housing package, everyone should note that almost all the initiatives

Pete Sessions

2:09:18 to 2:12:02( Edit History Discussion )
Speech By: Pete Sessions

Pete Sessions

2:09:35 to 2:09:52( Edit History Discussion )

Pete Sessions: contained in the bill today were passed over the last year and a half by wide bipartisan margins. first, the neighborhood stabilization act. that was approved in may by a vote of 239-188. it provides

Pete Sessions

2:09:52 to 2:10:08( Edit History Discussion )

Pete Sessions: grants to the states and local governments to purchase and rehabilitate foreclosed properties and turn them into safe, affordable places for folks to live. i'd like to recognize and thank the white house

Pete Sessions

2:10:08 to 2:10:20( Edit History Discussion )

Pete Sessions: for removing its veto threat. it had threatened to veto this entire package that had been negotiated with the white house over the small section that provides important tools to our state

Pete Sessions

2:10:20 to 2:10:32( Edit History Discussion )

Pete Sessions: and local governments to tackle those properties that are up for foreclosure, the ones that are overgrown that have broken windows, allows them to go in and purchase those properties and

Pete Sessions

2:10:32 to 2:10:45( Edit History Discussion )

Pete Sessions: turn them into affordable housing for families in need. the package also includes the important provisions of the housing finance reform act. we passed in may of 2007 by a vote of 313-104.

Pete Sessions

2:10:45 to 2:10:59( Edit History Discussion )

Pete Sessions: this is vital legislation today because it establishes new and extensive oversight and regulatory authority over the federal national mortgage association, fannie mae, and the federal home

Pete Sessions

2:10:59 to 2:11:11( Edit History Discussion )

Pete Sessions: loan mortgage corporation, freddie mac. to protect the taxpayers, we are instituting new requirements for the safety and soundness of the portfolio operation theefs regulated entities. we need

Pete Sessions

2:11:11 to 2:11:22( Edit History Discussion )

Pete Sessions: to make sure we have oversight on the affects of the financial and housing finance markets of all these alternives and provide an altern toiv to the current secondary market for housing finance.

Pete Sessions

2:11:22 to 2:11:38( Edit History Discussion )

Pete Sessions: madam speaker, last september we also passed an important part of this package, the expanding home ownership act of 2007, by a margin of 348 to 72 here in the house. s that critical piece

Pete Sessions

2:11:38 to 2:11:48( Edit History Discussion )

Pete Sessions: because it expands access to the middle class, to the low interest, low fees, low-fee loans provided by the federal housing administration. these f.h.a. loans are a much better option to the subprime loans.

Pete Sessions

2:11:48 to 2:12:02( Edit History Discussion )

Pete Sessions: we're going to take a proactive step here to allow families face foring closure to qualify for the low interest, no fee loans offered by the f.h.a. the housing package today also includes

Maxine Waters

2:12:02 to 2:12:17( Edit History Discussion )

Maxine Waters: the national affordable housing trust fund act of 2007. that was passed here in the house last october. by a vote of 264 to 148. this creates a new, innovative fund that will be used to build

Maxine Waters

2:12:02 to 2:14:37( Edit History Discussion )
Speech By: Maxine Waters

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