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House Financial Services Committee member presents H.R. 6644, urges Congress to fund affordable housing reforms
Summary
A member of the House Financial Services Committee introduced H.R. 6644, the Housing for the 21st Century Act, highlighting reforms to expand development, protect borrowers and a provision to raise banks' public welfare investment cap; the speaker stressed funding is required to make the bill effective.
A member of the House Financial Services Committee introduced H.R. 6644, the Housing for the 21st Century Act, describing it as "an important first step" to address the nationwide affordable housing shortage and urging Congress to provide the funding necessary to implement the measure.
"For far too long, millions of Americans have struggled to find a decent, stable, and affordable place to call home," the speaker said, framing the bill as a response to shortages in rural, urban and suburban communities. The speaker said the…
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