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Financial Services Committee

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http://financialservices.house.gov/

The Committee oversees all components of the nation's housing and financial services sectors including banking, insurance, real estate, public and assisted housing, and securities. The Committee continually reviews the laws and programs relating to the U.S. Department of Housing and Urban Development, the Federal Reserve Bank, the Federal Deposit Insurance Corporation, Fannie Mae and Freddie Mac, and international development and finance agencies such as the World Bank and the International Monetary Fund.

The Committee also ensures enforcement of housing and consumer protection laws such as the U.S. Housing Act, the Truth In Lending Act, the Housing and Community Development Act, the Fair Credit Reporting Act, the Real Estate Settlement Procedures Act, the Community Reinvestment Act, and financial privacy laws.

Contact:

House Financial Services Committee
Democratic Staff
2129 Rayburn House Office Building,
Washington, DC 20515
Phone: (202) 225-4247
Fax: (202) 225-6952 

House Republicans Ought to be Embarrassed about their Record on Fannie and Freddie

Financial Services Committee -
Failure is the only word to describe the House Republicans’ record on the GSEs. Washington, DC - April 28, 2010 - (RealEstateRama) -- Rep. Spencer Bachus should know better. In a long op-ed in Politico, the Alabama Republican talks at length about the supposed Democratic failure to reform the GSEs, but apparently President Bush’s “ownership society” doesn’t apply to Republicans taking responsibility for their own failures. The Republican record on Fannie and Freddie is clear and embarrassing:

Committee Passes Reforms To National Flood Insurance Program

Financial Services Committee -
Washington, DC - April 28, 2010 - (RealEstateRama) -- The House Financial Services Committee today passed legislation introduced by Congresswoman Maxine Waters (D-CA) to improve the National Flood Insurance Program (NFIP), the primary source of reliable, affordable flood insurance coverage for millions of American homes and businesses. The legislative reform package reauthorizes the program for 5 years.

Committee Approves Homeowners’ Insurance Reform Bill

Financial Services Committee -
Washington, DC - April 28, 2010 - (RealEstateRama) -- The House Financial Services Committee approved by a vote of 39-26 the Homeowners’ Defense Act, innovative bipartisan legislation to reduce insurance premiums for homeowners around the country

Committee Approves FHA Reform Act

Financial Services Committee -
Washington, DC - April 28, 2010 - (RealEstateRama) -- The House Financial Services Committee approved legislation to ensure that the Federal Housing Administration (FHA) remains viable and continues its mission of insuring mortgage loans

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