I think we could all agree that the taxpayer should no longer be on the hook for losses, and that reforms to the housing finance are long overdue.
Editor's note · Context
Hensarling emphasizes the need for housing finance reforms to protect taxpayers.
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Mr. Speaker, how much time do I have remaining? The SPEAKER pro tempore. The gentleman from Texas has 2\3/4\ minutes remaining.
Mr. Speaker, I yield 1 minute to the gentleman from Texas (Mr. Williams), the vice chairman of the Financial Services Subcommittee on Monetary Policy and Trade.
Frankly, Congress hasn't spoken on issues like this since 1930. We have just been frozen out of the process on an issue that can impact the entire world.
Mr. Speaker, I yield myself 4 minutes. Mr. Speaker, I rise in strong support of H.R. 5841, the Foreign Investment Risk Review Modernization Act, which the Financial Services Committee approved last month by a unanimous vote of 53-0. I want…





