Melvin Watt: “Congress has given us this mandate: Do lending, back loans that are safe and sound, and provide liquidity in the market.”

Woman, I thank the gentleman for yielding. I am pained to be here today in opposition to this bill. I stood shoulder to shoulder with the chair of our full committee 2 years ago in patent reform after working almost 6 years to find…

Senator, that is just not true now. What we did not do was principal reduction, but there are millions and millions of people that we have provided relief for whose homes were in jeopardy.

Don't expect me to disregard the law and do it for you.

This is definitely the last time I will be addressing this House. As my colleague, David Price, has indicated, I have been confirmed to a new position as regulator and director of the Federal Housing Finance Agency. I just wanted to take a…