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Senate to Vote on Housing package
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03/31/08 08:58 AM ET
Senate Majority Leader Harry Reid said he will hold a procedural vote tomorrow on a package of housing measures known as the Foreclosure Prevention Act.
The legislation would expand housing regulations and provide funds to combat foreclosures. It includes emergency funds for redeveloping foreclosed and abandoned homes, protections for debtors, and federal funds for loan counseling.
In a conference call with Reid and reporters, Banking Chairman Chris Dodd (D-Conn.) accused Republicans of obstructing by blocking a vote on the package in February. "This is a pivotal week we had an opportunity several weeks ago to take some steps here and unfortunately we were denied that opposition because we couldn
The legislation would expand housing regulations and provide funds to combat foreclosures. It includes emergency funds for redeveloping foreclosed and abandoned homes, protections for debtors, and federal funds for loan counseling.
In a conference call with Reid and reporters, Banking Chairman Chris Dodd (D-Conn.) accused Republicans of obstructing by blocking a vote on the package in February. "This is a pivotal week we had an opportunity several weeks ago to take some steps here and unfortunately we were denied that opposition because we couldn
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