Today, Congressman David Scott voted to reform Wall Street practices that created a financial meltdown and ruined the finances of thousands of Georgians. Congressman Scott voted to protect consumers from predatory lending, confusing fine print, and industry gimmicks while ensuring the end of taxpayer-funded bailouts. To watch a clip of Congressman Scott discussing this bill click here. “Unfortunat... Read more »
The House Financial Services Committee passed H.R. 5114, the Flood Insurance Reform Priorities Act of 2010, by voice vote. H.R. 5114 will reauthorize and improve the National Flood Insurance Program (NFIP), which is the primary source of reliable, affordable flood insurance coverage for millions of American homes and businesses. During the markup, the committee approved an amendment by Congressman... Read more »
The Making Home Affordable Program has been expanded to reach more homeowners who need help with their mortgages. Many Georgians are still struggling to keep up with their payments. Congressman Scott will continue to support policies to help homeowners turn the corner. Call 1-888-995-HOPE (4673) for help with the Making Home Affordable Program and to speak with a HUD-approved housing counselor for... Read more »
Tomorrow, Federal Reserve Chairman Ben Bernanke will testify before the House Financial Services Committee. Congressman Scott is a member of the committee and looks forward to hearing from the chairman about the state of the economy and bank reform. Congressman Scott believes that consumers need access to affordable credit and that economic recovery should also include reform of the current bankin... Read more »
If you or someone you know is facing foreclosure, be sure to visit these sites that have valuable information and resources available to help avoid foreclosure: Information on avoiding mortgage modification and foreclosure rescue scams: http://www.occ.treas.gov/ftp/ADVISORY/2008-1.html For a list of HUD-approved Housing Counseling Agencies: http://www.hud.gov/offices/hsg/sfh/hcc/hcs.cfm For furthe... Read more »
Today, Congressman David Scott voted to stimulate the local economy and provide stability to Georgia families hit hardest by the recession by extending unemployment benefits, the homebuyers' tax credit, and tax relief for military families. The Emergency Unemployment Compensation Extension Act will provide immediate assistance to millions of families. "This is another crucial step to provide immed... Read more »
Congressman David Scott is proud to host the 13th Congressional District Economic Recovery Exposition on Friday, May 29, 2009 from 10:00 am - 4:00 pm. The exposition will bring together a diverse group of corporations, small businesses, non-profit organizations and government agencies to assist constituents survive in tough economic times. The event will take place at the Georgia International Con... Read more »
Today, Representative Scott voted in support of H.R. 384 – TARP (Troubled Assets Relief Program) Reform and Accountability Act of 2009. This new TARP bill amends the TARP provisions of the Emergency Economic Stimulus Stabilization Act of 2008 (EESA) to strengthen accountability and oversight, close loopholes, increase transparency, and require the Treasury to take significant steps on foreclosure ... Read more »
Congressman Scott is pleased to announce the opening of the HOPE for Homeowners program (H4H), a federal relief effort designed to provide hardworking homeowners with a way to refinance their homes and avoid foreclosure. As a member of the House Financial Services Committee, he helped draft the Housing and Economic Recovery Act, which created this important foreclosure relief measure: What is the ... Read more »
Today, Congressman David Scott continued the fight to help families refinance their bad home loans, save neighborhoods under assault from foreclosures and provide liquidity to the housing mortgage market. The House gave final approval to H.R. 3221, American Housing Rescue and Foreclosure Prevention Act. “Georgians are facing a wave of foreclosures that threaten families’ stability and the safety o... Read more »
