Speeches and Floor Statements
Scott Statement Supporting the Preserving Access to Manufactured Housing Act of 2017
Washington, December 1, 2017
Tags: Housing & Finance
Today Congressman David Scott (GA-13) delivered remarks on the House Floor in support of H.R. 1699. This bipartisan bill preserves access to manufactured housing, which accounts for 12% of the housing in Georgia. A video and transcript of Congressman Scott’s remarks are enclosed below.
Click here to watch video of Congressman Scott’s remarks.
“Thank you so much, Ranking Member. I appreciate that. I want to deal with two things right quick in my two minutes.
“First of all, manufactured housing is the cornerstone of affordable housing in this country. Nobody argues against that. Manufactured housing is in every state in this union. In my state of Georgia, it accounts for 12% of all of the affordable housing units. And in some states, it's even higher than that.“I just simply want to clarify why I support the bill. It's because of two things. One, it's because of the devastating federal regulations that are on it for these hundreds of thousands and millions of customers and, what it's doing is, it's making the American people unable to purchase manufactured housing. I think we have to look at that. It's also eroding the home values of existing owners of manufactured housing.
“Our bill simply moves to correct it by doing three things. We just simply do some technical clarifications to the definition of mortgage originator, loan originator and the high-cost mortgage.
“And let me just say this. I was an original sponsor of Dodd-Frank. What we did in this bill was to make sure that mortgage protection and Dodd-Frank are protected in here, including anybody steering anyone into any kind of loans with predatory amplifications.
“This is a great debate. There are two sides to it. But when you look at it, it's the millions of Americans who are suffering from an inability to get a mobile home or an inability to keep them. All we're doing is simply making these minor adjustments.
“Now I want to clarify this about Dodd, about the CFPB director. I want to quote, and I want the American people to listen to me, in section 1011 of Dodd-Frank, paragraph 5, it states this: “the Deputy Director of the Consumer Financial Protection Agency shall be appointed by the Director and serve as Acting Director in the absence or unavailability of the Director.”
“We wrote this, Chairman Hensarling. We wrote this. This is the law. We must abide by it. Thank you, Mr. Chairman.”