Mr. Speaker, I rise in recognition of the very long and difficult negotiations that have taken place following the Build Back Better Act, led by President Biden and the Democrats. I applaud all the beneficiaries of the reconciliation bill in what is now the Inflation Reduction Act. This act includes historic climate change legislation. It will lower prescription drug costs, reduce the cost of Medicare, and, hopefully, force major corporations to pay their fair share of taxes. However, as chairwoman of the Financial Services Committee, I have worked with members of my committee and many Members of Congress to confront the housing crisis in this country. We organized a request for $150 billion in the Build Back Better Act, which included rental assistance with Section 8 vouchers, development of more affordable housing units, support for first-generation home buyers, repairs to fix deteriorating public housing, and fair housing enforcement to eliminate discrimination and unlawful evictions. However, there is not one nickel, not one dime, not one dollar, for the development of housing in this bill. We can no longer afford to have housing as an afterthought, a ``nice to have,'' or simply something that can wait until later. It is foundational to the prosperity of families, key to a healthy economy, and crucial to fighting inflation. Yes, I am disappointed.…
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Mr. Speaker, I yield myself such time as I may consume. Mr. Speaker, this bill has been opposed by the Biden-Harris administration. In fact, this Statement of Administration Policy states that this bill ``would severely limit the ability…
Mr. Chairman, I yield 3 minutes to the gentleman from California (Mr. Sherman), who is also the ranking member of the Subcommittee on Capital Markets.
Mr. Speaker, I also point out that this bill is opposed by over 40 organizations and investor advocates. I include in the Record the letter these groups signed indicating their opposition to H.R. 4790. September 17, 2024. Re Opposition to…
Madam Speaker, I yield myself the balance of my time. I am so pleased and proud to be on this floor today in recognition of Vietnam-era veterans and their service to this country. As a matter of fact, I have always felt very bad when I…





