Melvin Watt: “I would rather have a redundant provision in the bill than to have an ambiguous or no provision in the bill.”

It is intolerable to me to think that a mere accusation of impropriety would somehow deny him the presumption of innocence.

I have an amendment at the desk which was made in order under the rule. The Acting CHAIR. The Clerk will designate the amendment. The text of the amendment is as follows: Page 5, insert the following after line 23 and redesignate…

unequivocally . . . it is the role of Congress, not FHFA, to make the decisions that chart the path out of conservatorship and to the future housing finance system.

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.