Federal Housing Finance Reform Act Of 2007

Floor Speech

FEDERAL HOUSING FINANCE REFORM ACT OF 2007 -- (House of Representatives - May 17, 2007)

BREAK IN TRANSCRIPT

Mr. AL GREEN of Texas. Mr. Chairman, I support the affordable housing trust fund. Why, because I believe at some point on the infinite continuum that we know as time, I will have to account for my time. And at that point when I have to explain what I did for the least, the last, and the lost, I will be able to say I supported clothing the naked, I supported feeding the hungry, and I supported shelter for the homeless.

At a time when we are spending $353 million a day on the war, what did you do, Al? I stood before the House and I requested that we support an affordable housing trust fund.

In a country where every day we have millionaires, in fact one of every 110 persons in this country is a millionaire. The question becomes what did you do when you had a chance to help the least, the last and the lost.

So today, I stand here to say I will try to help the least in Alabama. In Alabama, where we need an additional $146 million to $164 million to help Alabama recover from Katrina and Rita. In Texas, where we need an additional $1.5 billion, I support an affordable housing trust fund to get the job done.

So, Mr. Chairman, my amendment is a simple one. My amendment would not only recognize that Louisiana and Mississippi have been harmed. My amendment also recognizes that Katrina and Rita have done damage in Texas and Alabama. And my amendment would also allow funds to go to these two States as well. Forty-five percent of the funds would go to Louisiana, and the remaining funds would be divided equally among Mississippi, Alabama and Texas.

BREAK IN TRANSCRIPT

Source