Steve Stivers: “On Monday, the Rules Committee met and reported out a rule for H.R. 3700, the Housing Opportunity Through Modernization…”

“On Monday, the Rules Committee met and reported out a rule for H.R. 3700, the Housing Opportunity Through Modernization Act of 2015. House Resolution 594 provides a structured rule for consideration of H.R. 3700. The resolution provides 1 hour of debate equally divided between the chair and ranking minority member of the Committee on Financial Services. Additionally, the resolution provides for consideration of 14 amendments offered to H.R. 3700. Finally, Mr. Speaker, the resolution provides a motion to recommit for the bill. Mr. Speaker, I rise today in support of the resolution and the underlying legislation. H.R. 3700 is a package of several bipartisan provisions that have been voted on by the House Financial Services Committee and received bipartisan support multiple times since 2006 in both Republican and Democratic Congresses. H.R. 3700 cuts down on inefficient and duplicative regulations. The bill employs a commonsense approach to mitigating the overlapping and redundant procedures that have made rental assistance programs unnecessarily burdensome for some tenants as well as private owners and investors in affordable housing. The portions of H.R. 3700 that are particularly important to me and many of the large metropolitan housing authorities around the country create positive changes based on project-based vouchers. The Columbus Metropolitan Housing Authority, in my hometown, does a lot of vouchers.…”