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Pelosi Statement on Senate Passage of Housing Legislation
Friday, July 11, 2008
Contact:Brendan Daly/Nadeam Elshami, 202-226-7616
Washington, D.C. – Speaker Nancy Pelosi issued the following statement today after the Senate approved housing legislation to address the mortgage crisis:
“The Senate’s passage of its housing bill brings us one step closer to providing relief to Americans at-risk of foreclosure and to getting our economy back on track and creating jobs again.
“I am confident that Chairman Frank and Chairman Rangel will arrive at a bipartisan, bicameral compromise with our Senate colleagues soon because we share the common goal of protecting homeownership and home values, and restoring stability to the housing market.
“Recent record foreclosures and continued instability in the housing market underscore the urgency of completing a comprehensive bill to deal with the foreclosure crisis, which I hope President Bush will sign.”
