WASHINGTON — The House Financial Services Committee postponed a scheduled markup session Tuesday after the Democratic chair examined constructive for COVID-19 for the second time this spring.
The session, initially slated to start Tuesday morning, was postponed through electronic mail at midday Eastern Time. Lawmakers had been scheduled to debate payments that will fund housing initiatives, restrict using industrial mortgage firm charters and introduce new limits on banks’ skill to gather overdraft charges.
Shortly after 1 p.m. ET, the committee introduced that Chair Maxine Waters, D-Calif., had examined constructive for COVID-19. In a press release, Waters mentioned that she was experiencing no signs: “I am feeling fine and resting at home,” she mentioned.
Andrew Harrer/Bloomberg
It was the second time in lower than two months that Waters, 83, has examined constructive. Her final constructive take a look at got here in April, when a lot of the Democratic Party’s management examined constructive.
A complete of 12 payments, a number of of which give attention to housing affordability and entry, had been set to be mentioned Tuesday.
One invoice, submitted by Rep. Al Green, D-Texas, would improve funding for the Department of Housing and Urban Development’s Fair Housing Initiatives Program and introduce grants to review housing discrimination. Another invoice, sponsored by Waters, would authorize $100 billion for a brand new HUD program to fund down funds by first-generation residence patrons.
Beyond housing, the committee would have mentioned various payments that will impression the banking trade. One measure, sponsored by Rep. Jesús “Chuy” García, D-Ill., would shut the so-called regulatory loophole that enables industrial mortgage firm banks to be owned by industrial firms, reasonably than financial institution holding firms.
Another invoice, sponsored by Rep. Carolyn Maloney, D-N.Y., would introduce new limits on banks’ use of overdraft charges, together with by putting a month-to-month cap on the variety of occasions such charges may be charged to prospects. A invoice sponsored by Rep. Al Lawson, D-Fla., would prolong some provisions of the Fair Debt Collection Practices Act to cowl small-business lending.
The committee has not introduced a brand new time for the markup.
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