Thank you very much to my dear colleague, Congressman Capuano of Massachusetts, for yielding me this time in support of moving today H.R. 5510, the Aiding Those Facing Foreclosure Act, which merely allows technical clarification language to existing legislation. No authorization of funding or any expansion of existing funding is included in this bill. I would like to thank my colleagues on both sides of the aisle for their support and for bringing this forth today. In particular, I would like to thank Chairman Frank and Congressman Steve LaTourette for their ongoing efforts on behalf of homeowners facing foreclosure. Ohio is among those States labeled as the hardest hit in our Nation by the foreclosure and economic crisis, along with 18 other States. These states receive what is called 'hardest hit' assistance funds. Ohio, among other States, wants the discretion to use a small amount of its existing funds under existing authorities to support legal advice through not-for-profit legal organizations to individual families facing foreclosure.
Editor's note · Context
Kaptur discusses the Aiding Those Facing Foreclosure Act and its importance for homeowners in crisis.
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