I thank the chairman, and I thank the gentlelady, my colleague from Ohio, Congresswoman Kaptur, for bringing this bill forward. You know, the hardest hit funds were put into place with the intention of assisting and helping people in States that have been hard hit by the foreclosure crisis that has enveloped this country, States like Ohio that have been hit for years over and over again with record foreclosures. We have tried various ways to assist in this issue, and the President and the Treasury came up with and we approved the Hardest Hit Fund Program, H.R. 5510. That allows States to put together a plan for how they want to address the issue of foreclosures inside their own State. The States need to agree. Now, some States wanted to include legal services in their plans and were not able to do it. States like Ohio were not able to do it, even though the use of attorneys in the process can be a very cost effective and useful way of moving the cases forward, of coming to agreement, of helping people come up with a plan and helping the banks to agree with it.
Editor's note · Context
Kilroy discusses the impact of the foreclosure crisis and the Hardest Hit Fund Program.
Share
More from Mary Jo Kilroy
Mr. Speaker, the gentleman from Alabama talks about robust reporting and about making sure that credit is more accurately reported. This is what this bill would do. There is so much confusion and error surrounding the issue of medical…
That is one of the very important things it will do. It will take a look at all of the confusing documents. One of the charges that was made against one of the financial institutions in this country was that they were pushing some of their…
This bill would protect hardworking Americans who play by the rules, pay or settle their medical debts, and yet find their economic well-being and credit scores adversely affected for years to come due to medical debt, large or small, that…
I rise today in support of House Resolution 1522, which expresses support for the designation of National Hereditary Breast and Ovarian Cancer Week and National Previvor Day. I'm proud to be a cosponsor of this resolution which will raise…





