Paulson Statement on House Passage of Housing Bill [ http://www.treas.gov/press/releases/hp1092.htm ]
July 23, 2008
HP-1092
*Statement by Secretary Henry M. Paulson, Jr.
on House Passage of Housing Bill*
*Washington* - Treasury Secretary Henry M. Paulson, Jr. issued the following statement today on House passage of the housing bill:
"I'm pleased the House acted quickly to pass an important GSE bill that will provide temporary authorities to give confidence to markets and will create a strong, independent regulator better able to address the risks these enterprises pose.
"I am disappointed that the legislation also includes extraneous provisions that we have opposed as detrimental to our efforts to get through the housing correction quickly.
"However, as I have said before, the GSE portions of this bill are orders of magnitude more important to turning the corner on the housing correction and supporting our markets and our economy.
"I look forward to working with the Senate to get legislation to the President's desk this week."
-30-
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Paulson Statement on House Passage of Housing Bill
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Paulson Statement on House Passage of Housing Bill
July 23, 2008
HP-1092
Statement by Secretary Henry M. Paulson, Jr.
on House Passage of Housing Bill
Washington - Treasury Secretary Henry M. Paulson, Jr. issued the following statement today on House passage of the housing bill:
"I'm pleased the House acted quickly to pass an important GSE bill that will provide temporary authorities to give confidence to markets and will create a strong, independent regulator better able to address the risks these enterprises pose.
"I am disappointed that the legislation also includes extraneous provisions that we have opposed as detrimental to our efforts to get through the housing correction quickly.
"However, as I have said before, the GSE portions of this bill are orders of magnitude more important to turning the corner on the housing correction and supporting our markets and our economy.
"I look forward to working with the Senate to get legislation to the President's desk this week."
-30-
You can change your subscriptions, password or e-mail address, or unsubscribe at any time from your Subscriber Preferences Page using your e-mail address to log in.
For questions or problems with this subscription service, e-mail support@govdelivery.com.
This service is provided to you at no charge by the U.S. Department of the Treasury.
U.S. Department of the Treasury · 1500 Pennsylvania Ave, NW, Washington, D.C. 20220 · (202) 622-2000
