under the Emergency Economic Stabilization Act of 2008, you have a statutory responsibility to, quote, 'implement a plan that seeks to maximize assistance for homeowners'--maximize assistance for homeowners--'and use its authority to…
Robert Menendez
The Public Record
Robert Menendez is a prominent Democratic politician currently serving as a member of the United States Senate, representing New Jersey. He was first elected to the Senate in 2006 and has since been re-elected multiple times. Menendez has played a significant role in various policy areas, including foreign relations, immigration reform, and healthcare. He has served on several Senate committees, including the Senate Foreign Relations Committee, where he has been an advocate for human rights and democracy abroad.
the CBO says keeping the limits would not cost taxpayers one dime because the cost of the defaults are paid by the premium loan fee of 15 basis points per year from the loans that benefit from this.
Do you not agree--this issue of loan limits was raised, something that I and Senator Isakson have been pursuing and that 60 members of the Senate supported--CBO says keeping the loan limits at the higher rate that had expired will not cost…