Housing & Finance

Rep. David Scott Urges Passage of Coronavirus Emergency Aid for American Homeowners and Renters

| Posted in Press Releases

Today, Congressman David Scott (GA-13) took the House Floor and delivered remarks urging swift passage of H.R. 7301, the Emergency Housing Protections and Relief Act, to help homeowners and renters address the dire housing needs arising due to the pandemic. Enclosed below are a video and transcript of his remarks: Click…

Scott Announces $7.7M in Emergency Community Development Aid for Thirteenth District

| Posted in Press Releases

Today, Congressman David Scott (GA-13) announced the U.S. Department of Housing and Urban Development awarded $7,771,885 in federal grants to address the significant financial impact of the COVID-19 pandemic in Clayton, Cobb, Fulton and Henry counties. The grants were funded under the Coronavirus Aid, Relief and Economic Security (CARES) Act. “As our communities continue to experience…

Scott $75B Homeowner Assistance Bill Included in HEROES Coronavirus Relief Package

| Posted in Press Releases

Congressman David Scott, a Senior Member of the House Financial Services Committee, applauded the introduction of H.R. 6800, the Health and Economic Recovery Omnibus Emergency Solutions (HEROES) Act, in the House of Representatives as the next coronavirus relief package. Scott welcomed the inclusion of his legislative proposal to establish a $75 billion Homeowner Assistance Fund to offer…

Congressman David Scott Introduces Legislation Establishing Financial Education Grants

| Posted in Press Releases

Today, Congressman David Scott (D-GA) was joined by Reps. Steve Stivers (R – OH-15) and Madeleine Dean (D-PA-4) in introducing H.R. 6012, bipartisan legislation to improve access to financial education for consumers. The Consumer Financial Education and Empowerment Act would create a grant program within the Consumer Financial Protection Bureau (CFPB) to facilitate financial education…

$12 million in free money to help with troubled mortgages

| Posted in Articles

By Dana Fowle, FOX 5 Atlanta Would you like free money to pay your mortgage? Well, read on to see if you qualify. There’s $12 million dollars in help out there, but there’s also a hard deadline to apply for it: March 31st, 2020. But first, let's go back to 2008, 2009. Banks, Wall Street -- they were getting bail-outs, but families were losing their homes, so in 2010 the US…

Congressman David Scott Advances Diversity Bill Within CFTC Legislation

| Posted in Press Releases

Today, Congressman David Scott, Chairman of the Subcommittee on Commodity Exchanges, Energy, and Credit, joined members of the House Committee on Agriculture in advancing H.R. 4257, a bill he introduced earlier this year to improve the Office of Minority and Women Inclusion at the Commodity Futures Trading Commission (CFTC). In addition to bringing the CFTC’s Office of Minority and Women…

Congressman David Scott Applauds House Passage of Financial Inclusion Bill

| Posted in Press Releases

Today, the House of Representatives voted unanimously to pass H.R. 4067, the Financial Inclusion in Banking Act.  This bill, introduced by Congressman David Scott (D-GA), addresses systemic barriers in traditional banking and promotes greater inclusion in our nation’s financial system. H.R. 4067 would empower the Consumer Financial Protection Bureau’s Office of Community…

Congressman David Scott Presses Facebook CEO on Discriminatory Redlining Practices

| Posted in Speeches and Floor Statements

Today Congressman David Scott (GA-13) questioned CEO Mark Zuckerberg about Facebook’s digital redlining practices during the House Financial Services Committee Hearing: “An Examination of Facebook and Its Impact on the Financial Services and Housing Sectors.” Below is a transcript of Congressman Scott’s exchange with Mr. Zuckerberg. Transcript of Congressman Scott and Facebook CEO…

Congressman David Scott Bill on Financial Inclusion Advances from Financial Services Committee

| Posted in Press Releases

Today, the Financial Services Committee voted 55-0 to advance H.R. 4067, the Financial Inclusion in Banking Act, out of Committee for consideration by the full House of Representatives.  Earlier this year, Congressman David Scott (D-GA) and Congressman Sean Duffy (R-WI) introduced this bill to promote greater inclusion in our nation’s financial system. H.R. 4067 would empower the…

Congressman David Scott Introduces Legislation to Promote CFTC Diversity

| Posted in Press Releases

Today, Congressman David Scott, a senior member of the House Committee on Agriculture, introduced H.R. 4257, legislation to establish an Office of Minority and Women Inclusion at the U.S. Commodity Futures Trading Commission (CFTC).  Dodd-Frank’s passage in 2010 established Offices of Minority and Women Inclusion at the financial regulatory agencies, including the Department of the…