Barney Frank: “I think what we've seen in the bill being brought forward by our newest colleagues from Louisiana and Mississippi is the…”

“I think what we've seen in the bill being brought forward by our newest colleagues from Louisiana and Mississippi is the importance of timing. We've had this problem in which public housing authorities in Louisiana and Mississippi were being treated unfairly. This is not singling them out for special treatment. This is ending a bureaucratic glitch that disadvantaged them. And we're doing it in the way that was suggested by the Bush administration, and I give them credit for that. But it ought to be clear to people that having new Members here from Louisiana and Mississippi, the areas affected, had an impact. They are both on the Financial Services Committee, and I'm very proud that the Financial Services Committee on which they are now members gave them the opportunity to bring this bill forward.”