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Barney Frank is a former U.S. Representative from Massachusetts, serving from 1981 to 2013. A member of the Democratic Party, he was known for his progressive stance on various issues, including financial regulation and LGBT rights. Frank played a significant role in the passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act, which aimed to prevent the kind of financial crisis that occurred in 2008. He was also one of the first openly gay members of Congress, advocating for LGBTQ+ rights throughout his career.
The answer here is definitely yes. I think a hold-harmless provision is appropriate. The purpose of the change, as the gentlewoman knows, in our mind was to prevent a kind of downward ratcheting in the overall usage. But consistent with…
The answer is, again, yes. This is a very important subject which the gentlewoman from Illinois has identified. I promise we will work together. If we decide this needs to be a legislative change, I can promise the gentlelady that the…
The gentlewoman has stated this correctly. I know this is going to be in the appropriations bill. We expect it. I haven't seen the appropriations bill yet. I have great confidence in the subcommittee chairman, but I certainly agree with…
I think it was a mistake to let Dubai buy those ports and I'm glad that that was dropped, but I think there was an overreaction. Foreign direct investment is a very good thing for our country. It is a source of jobs. I remember when I…
I think the besetting sin of this place is an excessive concern about turf. The people who put jurisdiction ahead of substance really should think better.
I share the chairman of the Armed Services Committee's desire that the intent of Congress be clear. I also note the chairman has identified a technical error in the Senate amendment which should be corrected involving required reports of…
I would hope that we can work in committee on the subprime. I would note, by the way, that 2 years ago, the current ranking member of the full committee was the chairman of the Subcommittee on Financial Institutions, and he was pretty far…
I was struck when the gentleman of Florida said, why should we do this at the expense of other people? That's the crux of the disagreement between us. It doesn't come at the expense of other people. The fact that the largest single…
The gentleman is simply wrong. He made it very clear. I am quoting him almost verbatim when I say they said: We will find out from scaling back in general how much it will save, and then we will be able to tell you how much the savings…
The answer is ``yes'' for a variety of reasons, but I want to make this point. It has nothing to do with this amendment. The gentleman has proven my point. Small businesses don't do IPOs. It is not in the small business area where the…
I voted against No Child Left Behind. I understand that. You have got nothing with Bush, and I understand that. I just felt sorry for the poor man being abandoned so much.
No, I will not yield, and I will explain why. We had an open rule. Any amendment that they wanted to offer could have been offered as long as it met the deadline, which was a very long deadline. Now we have ambush legislation again. There…
I congratulate the minority for its persistence and tenacity, if nothing else. This will be the 11th time the House has been asked to vote to kill the Affordable Housing Fund since last Thursday. They have, as I have said, taken as their…
Well, I don't understand why we would say that. There might be students who have the money to buy it. And this fiction that students who buy a home, parents who buy a home for their own child to live in are foreign investors seems to me to…
Again, the gentleman is simply misrepresenting the question. The parents live in another country. People in Saudi Arabia don't have to have Social Security numbers. So the parents are in another country; the student is here without a…
The gentleman's interpretation in foreign investment is the parents buy the home for the student. Well, if the student had enough money on his or her own, then the student couldn't buy it.
But we do have people here, for instance, who are here as students. There are wealthy people who come here to study. In fact, if you find someone paying full tuition in a college, she is probably from another country. And if that parent…
I understand that. But does every student here under student visa have to get a Social Security number? I am told in some cases under a student visa you can't work. If you are here as a student with wealthy parents, the parents want to buy…
How could they if the students don't have a Social Security number, how could you buy them a home?
No, excuse me. The gentleman first said it wasn't the parents. The parents live in another country. The student is here under a student visa, not working, for a 4-year course of study. Could the parents from another country buy that…
Not an investor, but someone who is here under a student visa that might not have a Social Security number, is not working, is here under a student visa and maybe can't work. Could that individual buy a home?
I would note that a number of recent developments in the mortgage field have made it clear that securitization is not the absolute unmixed blessing that people once thought it was. There are advantages to portfolio and there are some…
Reclaiming my time, reclaiming my time, first of all, to say that is the most baffling thing I have ever had said. It is going to take me a while to figure out what it could possibly mean, if anything. But secondly, with regard to…
No. I did not say that, never have. But I have said that there are a number of links, and everybody except the gentleman from New Mexico, apparently agrees that government-sponsored, enterprises, we do many things to them that we wouldn't…
Yes, it is. And here's the point. And if the gentleman would yield to me. I do not think, and it says, disabled homeless veterans. I would agree between now and when we get to conference to give a first preference to disabled homeless…
Politicians like Barney Frank
