House Tag Archives

House Financial Services Committee Announces January Hearing Schedule

Congresswoman Maxine Waters (D-CA), Chairwoman of the House Financial Services Committee, announced several updates to the Committee schedule:

January 29 at 10:00 am ET – The full Committee will convene for a hearing entitled, “The Community Reinvestment Act: Is the OCC Undermining the Law’s Purpose and Intent?”

January 29 at 2:00 pm ET – The Subcommittee on Housing, Community Development and Insurance will convene for a hearing entitled, “Examining the Availability of Insurance for Nonprofits.

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Green New Deal for Public Housing Introduced in House & Senate

Senator Bernie Sanders (D-VT) and Representative Alexandria Ocasio-Cortez (D-NY) introduced the Green New Deal for Public Housing Act. The legislation would create seven grant programs to upgrade public housing units through decarbonization and mixed-use development and repeal the Faircloth Amendment, which prohibits new public housing units above the amount of units owned, operated or assisted by a PHA as of October 1, 1999.

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House Approves CR for Federal Funding through December 20

On November 19, the House of Representatives voted 231-192 on H.R. 3055 to approve a continuing resolution (CR) that would fund the federal government through December 20. The new CR maintains an important adjustment for the Section 202 Housing for the Elderly program that will prevent renewal delays for Project Rental Assistance Contracts set to expire in early FY 2020. Funding expires at midnight on November 21, the Senate is expected to approve the measure before the deadline.

New Legislation Aims to Close Opportunity Zones “Loopholes”

Representatives Jim Clyburn (D-SC), Alma Adams (D-NC) and Lacy Clay (D-MO) introduced the Opportunity Zone Reform Act (H.R. 5042) which would eliminate Opportunity Zones that are not low-income and allow states to replace those zones with ones that are low-income as defined by the New Markets Tax Credit. The bill also would prohibit investments in casinos, stadiums, parking lots and luxury apartments. The measure has been referred to the House Ways & Means Committee.