The news story you are looking for has expired. A more recent related article is displayed below.

PELOSI -- Statement on Sending Housing Bill to White House

Jul 30, 2008 (Congressional Documents and Publications/ContentWorks via COMTEX) --

HOUSE SPEAKER NANCY PELOSI

News From Speaker Nancy Pelosi

Tuesday, July 29, 2008

Pelosi Statement on Sending Housing Bill to White House

Washington, D.C. - Speaker Nancy Pelosi issued the following statement today on the American Housing Rescue and Foreclosure Prevention Act, which passed Congress with bipartisan support last week. The bill is being enrolled by the House and the Senate this afternoon and will be sent later today to the President, who has announced that he will sign it into law.

"The New Direction Congress has passed the most far-reaching and historic reform of our nation's housing finance system in a generation to restore confidence and stability to the housing market, the broader financial markets, and to get our economy moving and creating jobs again.

"By helping Americans avoid foreclosure, cracking down on predatory lending, protecting communities from the blight of abandoned homes, and providing generous tax incentives to encourage home ownership, this legislation will help strengthen the housing market and create jobs.

"This bill would not have happened without the outstanding leadership of the principal House authors, Chairman Barney Frank and Chairman Charles Rangel, as well as the strong efforts of Congresswoman Maxine Waters, who ensured that communities across America will receive funds to restore neighborhoods and prevent further declines in home values. I also want to thank Treasury Secretary Henry Paulson, who worked closely with Democrats in Congress to pass this legislation and ensured that the President would sign it into law.

"Homeownership is an essential part of the American Dream. By expanding homeownership opportunities and protecting families against foreclosure, we are helping keep the American Dream alive. By restoring confidence in the housing market, our economy can begin to grow and create jobs for the American people again."

Contact: Brendan Daly/Nadeam Elshami, 202-226-7616

# # #

Copyright (C) 2008 FIND Government Press Releases. All rights reserved

News Provided by COMTEX


Related terms: congress, economy, finance, housing, law, legislation, market, tax, treasury, washington, white house

Sponsored Links

 

Related Articles

The American Dream- Hollywood Style
Sep 24, 2008
Last year I wrote an essay on the Hollywood dream for my friend Harmon Leon, and now it's being published in his new book American Dream. It's been recommended by Howard Stern, Jimmy Kimmel, and other funny folk. The book is out on October 6th, but you

Housing market 'on its knees', says report
Sep 22, 2008
...You are in: Home > All > Article Housing market 'on its knees', says report 10...2008 By Roxanne Millar The UK housing market is “on its knees” with “little chance...impact of the credit crunch on the housing market. It said asking prices fell by...

Can't live with them, can't live without them
Sep 13, 2008
...as vital to the American dream, or left to sink...collapse by the housing market slump across the...central to the American dream, ensuring that...subsidise the American dream. As the housing market tanked, and millions...

Herscovitz to lead Accentage's U.S. sales effort
Sep 29, 2008
...Eduardo Herscovitz has left importer American Dream Rooms for a position at casual dining...time in High Point in April in the American Dream Rooms showroom. It plans to show in...Herscovitz said. Herscovitz, who left American Dream Rooms in late June, is vice president...