On the recordJuly 9, 2019
I thank Ranking Member Barr for his leadership, not just for yielding time. This is something that he has been working on himself, putting a lot of heart, passion, and thought into. I thank Congressman David Scott for his incredible leadership on this important bipartisan effort. He laid it out so eloquently just now, the many aspects of not just this issue but the need to fight for veterans. There are many people who are here in the gallery, millions of people at home watching C-SPAN, shocked at what they are seeing, as Republicans and Democrats in the House and the Senate work together to get a bill through committee, through the Chambers, and to the President's desk to become law. The beneficiaries will be our Nation's veterans. I rise today to urge passage of H.R. 1988, the Protecting Affordable Mortgages for Veterans Act. It provides more than a technical fix. It is important for recently issued loans refinanced by the Department of Veterans Affairs to remain eligible for the secondary market. This fix is essential to prevent a liquidity crisis in the veterans home loan market and ensure that the brave men and women who have served our Nation in uniform have access to affordable mortgages. Through passage of this bill, we can ensure that VA home loans are not adversely impacted by issues in the veterans mortgage market created by the unintended consequences of S. 2155. The Economic Growth, Regulatory Relief, and Consumer Protection Act, S.…
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