Frank Pallone: “Mr. Speaker, the affordability crisis has spread to nearly every facet of American lives. Utility bills are skyrocketing…”

“Mr. Speaker, the affordability crisis has spread to nearly every facet of American lives. Utility bills are skyrocketing across the country. Trump's disastrous tariffs are being passed on to the American consumer. Grocery prices are up, making it hard for families to put food on the table, and Republicans delivered their latest blow with failing to extend the Affordable Care Act enhanced premium tax credits which will result in soaring healthcare premiums for more than 20 million Americans. In many cases, Americans are seeing monthly premiums either two, three, or four times higher than they were last year for their healthcare insurance. To make matters worse, we are in the midst of a housing crisis that is crushing American families' dreams. We are witnessing historically high home prices, coupled with a devastating shortage of housing. The cost of buying a home feels out of reach for too many, while rent is simultaneously ballooning at an unsustainable rate. Manufactured homes, however, are an important component of our affordable housing stock. We should all be concerned about the cost of buying a new home, but this bill does not solve this crisis. In fact, it only makes housing affordability worse. First, it revokes the Department of Energy's May 2022 energy conservation standard for manufactured housing, robbing residents of $5 billion in savings.”