Steve Stivers: “I thank the gentleman for yielding me time, and I thank him for all of the work that he has done as the chair of the…”

“I thank the gentleman for yielding me time, and I thank him for all of the work that he has done as the chair of the subcommittee. It is work that is making a difference as it allows people to get access to their own versions of the American Dream. This is a piece of that, as the Representative told you. I thank Representative Sewell and Representative Beatty for all of their hard work. Mr. Speaker, this is a bipartisan bill. This is a commonsense bill. This is a jobs bill. This was a unanimous bill in the Financial Services Committee. It passed 56-0 on March 2, and I am so proud of that. The S.A.F.E. Act passed in 2008 as part of the Housing and Economic Recovery Act, and it created two different sets of requirements for qualifications on mortgage loan originators, depending on whether they worked for a State-licensed nondepository or a federally regulated depository. The problem with that is it kept people captive working for the same kind of company that they worked for yesterday. If they try to change between the two, they don't have a license and they can't help people achieve their versions of the American Dream, of owning a home. This will allow people to be more mobile in moving between depository and nondepository institutions. It is a jobs issue for that very reason. It will help make sure that the workforce can go where the jobs are and that they can help people get loans to own a home.…”