The Public Record
I am extremely concerned about evidence that I have received indicating that lenders are repeatedly refinancing home equity loans, rolling the borrower from one loan into another. In the process, the lender extracts points and fees on each…
Absolutely, it is well established that a violation of a regulation promulgated under a statutory provision is a violation of a requirement under that provision.
let me address that, as well. As you know, we had the hearing, now a couple of weeks ago, when the Treasury officials were in. What I have done since that time is kept the committee record open. I have kept it open precisely so that any…
Let me make a comment or two. First of all, I appreciate the strength of the feeling of the Senator from New York on all of the issues he has addressed here today. I want to say that I appreciate the fact that notwithstanding his concern…
I have on regular occasion come to the floor to present stories of individuals and families in Michigan who are facing a health care crisis of one kind or another to illustrate how serious the problems are in this area that face people and…
I would also like to explain what the matching requirements of the Community Development Financial Institutions [CDFI] Fund are and why they are important. The intent of this initiative is to establish a national network of…
In fact, in my home State of Michigan, officials in Wayne County are working to establish a CDFI. As in Wayne County, governmental entities can assist in establishing a CDFI by providing planning, financial, and technical assistance, but…
I would be pleased to clarify for my colleague the roles that State, local, regional or quasi-governmental agencies can play in this initiative. While governmental entities may not apply directly for assistance as CDFI's, they may…
I am pleased to support S. 1860, the 1995 Special Olympics World Games Commemorative Coin Act, as an amendment to S. 1275. S. 1860, introduced by Senator Dodd, authorizes the minting of a $1 coin to commemorate the 1995 Special Olympics…
The first amendment I am going to send to the desk contains a number of improvements to subtitle B of title I of the bill, the Home Ownership and Equity Protection Act. Significant concerns have been expressed about this legislation by…
Many have objected to the stigma attached to the loans covered by the legislation. In response to those concerns, this amendment revises the entire subtitle to eliminate the term 'high cost mortgage.' Likewise, some Senators have expressed…
the second amendment that I am now proposing is the Fair Trade in Financial Services Act of 1994, which was recently reported by the Banking Committee. Fair trade in financial services legislation has passed the Senate three times before…
I rise today in support of a sense-of-the-Senate resolution urging the United States to pursue a policy that would attempt to achieve multilateral cooperation on stemming the flow of militarily critical products and technology to rogue…
I rise in support of S. 4, the National Competitiveness Act. I am proud to be an original cosponsor of this legislation. This bill reauthorizes and expands a number of important technology programs, such as the Advanced Technology Program…
I rise today, to pay tribute to a distinguished individual from Michigan, who is being recognized for a lifetime of proud dedication to agriculture in my home State. Harry Foster, the executive director of both the Michigan Asparagus and…
I rise to honor Preston Hopson III, a high school senior attending City High School in Grand Rapids, MI. Out of a nationwide pool of 10,000 high school students, Preston was recently selected as one of eight regional recipients of the…
I rise today to once again offer my support for this legislation to make the Social Security Administration an independent agency. The Social Security Program has the confidence and support of the American public. In a period of increasing…
I rise today as part of my continuing effort to put a human face on the health care crisis in our country. Today I want to share the story of Brant and Dorothy Venlet, who are senior citizens who live in Morley, MI. Mr. and Mrs. Venlet are …
Mr. President, I am here today with some very important information with respect to what may be affecting the health of our gulf war veterans, many of whom have come home with terribly disabling medical problems. I have been meeting with…
Mr. President, I am here today with some very important information with respect to what may be affecting the health of our gulf war veterans, many of whom have come home with terribly disabling medical problems. I have been meeting with…
Finally, we are going to be reviewing the Export Administration Act reauthorization in the Banking Committee, this year in the months ahead. I am going to be taking testimony and calling in witnesses on this matter. I want to find out what…
I introduce legislation to suspend the duty on the personal effects of participants and others associated with the 1994 World Cup soccer games. This summer, the United States will host the World Cup for the first time ever, a very special…
I can state on the Senate floor that a crisis does exist and that we must pass comprehensive health care reform and we must pass it this year. I am pleased that we finally have a President and a First Lady who have brought this issue to…
Politicians like Donald Riegle
