Political Quotes

“Mr. President, on Sunday, we confirmed Carol Galante as the new Commissioner of the Federal Housing Administration, FHA. I want to thank my 19 Republican colleagues who supported her nomination. It was an important step forward for FHA. I give a special thanks to Senator Corker for his work, my colleague on the Senate Banking Committee. My Democratic colleagues and I have cleared an important commonsense piece of legislation on our side. It was passed overwhelmingly in the House. But we have received little cooperation from some of our Republican colleagues because it does not include everything they want. It is clear that FHA's Mutual Mortgage Insurance Fund is facing significant financial issues. Two years ago, Senator Begich and I introduced an FHA reform bill. For a time we collaborated with Senator Vitter from Louisiana, who has worked with me on legislation with the GAO and other things, and with Senator Isakson on that effort, so I know many of my Republican colleagues are committed to these issues. Unfortunately, some of their conservative colleagues blocked the legislation that would have given FHA additional authority to protect taxpayers. We should not wait any longer. This is technically the last full day of this Congress. We should not wait any longer to enact sensible measures that will put FHA back on a path to financial stability. With limited time remaining in the legislative session, passing the House's FHA reform legislation, H.R.…”