In the News
H.R. 3221: The Foreclosure Prevention Act of 2008
In The News
Jul 23, 2008
Name
H.R. 3221: The Foreclosure Prevention Act of 2008
Date Of Vote
July 23, 2008
Description
H.R. 3221 will rescue struggling mortage giants Fannie Mae and Freddie Mac, offer tax breaks to first-time home buyers, create an Affordable Housing Trust Fund, and provide funding for local governments to buy foreclosed homes among other provisions.
Vote
272-152
Position
Mr. Issa voted NO. At a cost of over $25 billion, this bill does little to help those in danger of losing their homes. It rewards business that made poor decisions while punishing millions of Americans who pay their mortgage on time or save to afford a home loan in the future.
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