Political Quotes

“Madam Speaker, I move to suspend the rules and pass the bill (H.R. 2167) to authorize the Secretary of Housing and Urban Development to establish additional requirements to improve the fiscal safety and soundness of the home equity conversion mortgage insurance program. The Clerk read the title of the bill. The text of the bill is as follows: H.R. 2167 Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled, SECTION 1. SHORT TITLE. This Act may be cited as the ``Reverse Mortgage Stabilization Act of 2013''. SEC. 2. ADDITIONAL SAFETY AND SOUNDNESS REQUIREMENTS FOR HOME EQUITY CONVERSION MORTGAGE INSURANCE PROGRAM. Subsection (h) of section 255 of the National Housing Act (12 U.S.C. 1715z-20(h)) is amended-- (1) in paragraph (1), by striking ``and'' at the end; (2) in paragraph (2), by striking the period at the end and inserting ``; and''; and (3) by adding at the end the following new paragraph: ``(3) establish, by notice or mortgagee letter, any additional or alternative requirements that the Secretary, in the Secretary's discretion, determines are necessary to improve the fiscal safety and soundness of the program authorized by this section, which requirements shall take effect upon issuance.''. The SPEAKER pro tempore. Pursuant to the rule, the gentleman from Texas (Mr. Hensarling) and the gentleman from Washington (Mr. Heck) each will control 20 minutes. The Chair recognizes the gentleman from Texas. General Leave”