On the recordFebruary 2, 2016
I would like to thank Chairman Hensarling, Ranking Member Waters, and especially my good friend from Missouri, the ranking member, Mr. Cleaver. We have had a labor of love with this bill, and it took two guys from the Show Me State to show them how to do it. We are excited about that, and I want to give a special shout-out to him. Mr. Chairman, when I took the gavel of the Financial Services Subcommittee on Housing and Insurance, I told my colleagues I wanted to work with them across party lines to make meaningful changes that benefit all Americans. H.R. 3700 represents a major step forward, one to reform a system that is in many instances outdated, duplicative, and burdensome. As a body, we should be committed to creating a more efficient government and greater opportunity for the American people and American businesses. H.R. 3700 helps us meet those commitments. This legislation promotes greater efficiency in housing assistance programs and modernizes outdated rules and regulations, which in some cases have not been updated in more than a generation. H.R. 3700 streamlines the inspection protocol for rental assistance units, simplifies the income recertification policies for assisted households, clarifies homeless assistance program requirements, delegates rural housing loan approval authority, and provides targeted flexibility between public housing operating and capital funds. H.R.…





