THE LEADER'S REPORT: WEEK OF MAY 05, 2008

For Immediate Release:

May 9, 2008

Contact:Stacey Farnen Bernards
(202) 225 - 3130

Leader's Report
majorityleader.house.gov · (202) 225-3130
  
MESSAGE FROM THE MAJORITY LEADER

This week, the House passed the American Housing Rescue and Foreclosure Prevention Act, a major bill that directly addresses the mortgage crisis.  In addition to keeping families who are facing foreclosure in their homes, this bill also indirectly helps millions more families by stabilizing home values that have seen a precipitous drop over the past year.  And because the recent economic downturn in large part stemmed from the mortgage crisis, we cannot begin to strengthen our economy until it is addressed.  I am pleased that this bill passed yesterday with bipartisan support.



Next week, the House will take up a Farm Bill that makes record investments in nutrition programs, begins making reforms to farm payments, commits to land conservation efforts, and promotes the development of ethanol and biofuels from non-corn sources.  We will also bring an Iraq supplemental bill to the Floor next week that includes an expanded GI Bill that improves education benefits for veterans, as well as a short extension of unemployment benefits for workers who have trouble finding a job in today's weak economy.
 
Sincerely yours,

Steny H. Hoyer

STENY H. HOYER



P.S. Please invite your friends and family to sign up for this newsletter to learn about what House Democrats are doing to lead America in a new direction.
 
MAJORITY NEWS UPDATE

Hoyer Statement on American Housing Rescue and Foreclosure Prevention Act

On Thursday, Hoyer spoke on the House Floor in support of legislation that takes decisive action to keep families in their homes, stabilize the housing market, and strengthen our economy.

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Watch video

What's Good for Homeowners Is Good for the Economy



Hoyer Response to the President's Comments

Hoyer responded to comments made by President Bush on Wednesday about housing legislation and gas prices.  Hoyer said that the President was "out of ideas," and had offered no new solutions to either problem, while Democrats are working hard to address both issues.

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Majority Leader Hoyer Statement Recognizing Cinco de Mayo

Hoyer marked Cinco de Mayo this year, calling on all Americans to celebrate the richness of Mexican-American culture and to recognize the contributions of Hispanic Americans.

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