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U.S. House of Representatives Passes Cao Amendment to FHA Reform Act

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Uploaded by on Jun 10, 2010

Congressman Anh "Joseph" Cao (LA-02) speaks on the house floor on June 10, 2010 in favor of his amendment to the Federal Housing Administration Reform Act (H.R. 5072). The amendment expands Section 14 of the bill, requiring at-risk home loan borrowers to receive counseling on credits risks, financial management and housing and loan modification. The objective is to keep borrowers out of foreclosure by developing financial responsibility skills. The full House passed the amendment on a voice vote.

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  • a caring republican, how is this possible?

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