Maxine Waters: “I rise in support of H.R. 6115, the Mark-to-Market Extension Act of 2006. I want to thank the gentlewoman from Ohio…”

“I rise in support of H.R. 6115, the Mark-to-Market Extension Act of 2006. I want to thank the gentlewoman from Ohio, Deborah Pryce, for sponsoring this bill, along with other cosponsors of the bill, including Mr. Gerlach of Pennsylvania; Mr. Tiberi of Ohio; and, of course, Ranking Member Frank. The distinguished chairman of the Committee on Financial Services, Mr. Oxley, must also be commended for moving this important bill to the floor. As the ranking member of the Subcommittee on Housing and Community Affairs, I am pleased to be an original cosponsor of this bill, and I would like to thank all of the members of the subcommittee who supported it. H.R. 6115, the Mark-to-Market Extension Act of 2006, will reauthorize the Mark-to-Market program. The program is set to expire on September 30, 2006. Of course, we can ill afford to have any housing program eliminated by our failure to act, particularly since the Mark-to-Market program ensures that our multifamily rental housing stock remains on the market.”