This week the House took action to address the housing crisis that has weakened the entire economy.  The American Housing Rescue and Foreclosure Prevention Act helps homeowners in danger of foreclosure, stabilizes affected communities, and increases oversight and regulation of Fannie Mae and Freddie Mac.  Republicans were divided on this measure that stabilizes our economy and keeps families in their homes, with 149 House Republicans voting against it in spite of support for the bill from President Bush. 

 

House Republicans again chose to play politics with gas price legislation rather than support solutions to help Americans paying $4 per gallon at the pump.  Republicans have blocked three bills over the past few weeks that could help bring down gas prices, including a bill this week that would have released a fraction of oil from the Strategic Petroleum Reserve in order to immediately increase supply.  Such action has been taken several times over the past few decades, and it has caused a drop in prices each time.  Despite Republicans' refusal to work with us to reduce gas prices, I hope they will put politics aside as we bring new energy legislation on speculation to the Floor next week.

 

Also this week, the House passed a Global AIDS bill that makes an unprecedented commitment to fight HIV/AIDS, malaria, and tuberculosis across the world.  Democrats also voted to suspend a provision sought by Republicans that would arbitrarily cut Medicare spending.

In addition to energy legislation, next week the House will take up an appropriations bill that invests in our military and our nation's veterans.  We will also consider the Paycheck Fairness Act, which seeks to right the all-too-frequent wrong of women being paid less than men for the same job.
 

Majority Leader Hoyer Statement on American Housing Rescue and Foreclosure Prevention Act

Hoyer spoke on the House Floor on Wednesday in support of a housing bill he called critical to both stabilizing our economy and shoring up confidence in our financial markets. 

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Hoyer highlighted a letter sent by 51 governors calling for the extension of renewable energy tax credits, saying it is baffling that Republicans in the Senate are standing in the way of tax credits that are vital to increasing alternative energy - investment that is sorely needed with $4 a gallon gas. 

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After the House passed the Global AIDS bill on Thursday, Hoyer said that this action shows the world that America accepts its obligation to help eradicate HIV/AIDS, tuberculosis, and malaria.

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Last night the House voted to suspend a provision that would arbitrarily cut Medicare spending.  Hoyer chastised Republicans for raising false alarms about the future of Medicare, and pledged that Congress will continue to work to improve Medicare and its long-term solvency.