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Financial Services Committee Discusses HEROES Act

first_img Tagged with: Coronavirus House Fiinancial Services Committee Demand Propels Home Prices Upward 2 days ago Home / Daily Dose / Financial Services Committee Discusses HEROES Act The Week Ahead: Nearing the Forbearance Exit 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago About Author: Mike Albanese Servicers Navigate the Post-Pandemic World 2 days ago Governmental Measures Target Expanded Access to Affordable Housing 2 days ago in Daily Dose, Featured, Government, News Financial Services Committee Discusses HEROES Act The Best Markets For Residential Property Investors 2 days ago Mike Albanese is a reporter for DS News and MReport. He is a University of Alabama graduate with a degree in journalism and a minor in communications. He has worked for publications—both print and online—covering numerous beats. A Connecticut native, Albanese currently resides in Lewisville. Coronavirus House Fiinancial Services Committee 2020-07-23 Mike Albanese The House Committee on Financial Services held a hearing Thursday on the HEROES Act and the role it could play in the economic relief from COVID-19.Financial Services’ Chairwoman Maxine Waters said the House of Representatives passed the HEROES Act 60 days ago. She added the pandemic has surged since that point, with the virus killing more than 140,000 people and infecting 3.8 million people.She added federal, state, and local foreclosure and eviction moratoriums are expiring soon as 36% of renters were unable to make full July payments and 4.2 million homeowners in forbearance plans.“The HEROES Act would, among other things, provide $100 billion for renters and $75 billion for homes to keep families housed during the pandemic,” Waters said.The bill, which came with a $3 trillion price tag was approved by a vote of 208-199.A summary by the American Action Forum states the HEROES Act would provide around $200 billion in additional housing assistance.The CARES Act provided financial and legal assistance for renters and mortgage holders with a federally-backed mortgage. The American Action Forum said the HEROES act expands the financial assistant and legal protection to “virtually all” renters and mortgage holders, including prohibiting foreclosure for non-payment for up to a yearWaters added Thursday the Committee worked hard to ensure all lending institutions can access federal lending programs, such as the Payment Protection Program.However, she noted that the U.S. Senate “has done nothing” to advance the HEROES Act or any other COVID-19 response bill since the passage of the CARES Act.“The Heroes Act provides critical relief and protections for all renters, homeowners, people experiencing homelessness, consumers, students, small businesses, minority-owned businesses, and non-profits,” Waters said.She added “we must not repeat the mistakes of the past,” referencing the 2008 financial crisis that caused millions of Americans to lose their homes and minorities targeted by predatory mortgages.The Committee’s Ranking Member, Patrick McHenry, however, said of the hearing, “this hearing is a waste of time.”He said people are losing their jobs, worried about keeping their homes, and in less than 48 hours, many Americans will face a “fiscal cliff” as benefits will come to an end.“Remember this day. This is a day, in the middle of a crisis, as we speed toward another disaster—this fiscal cliff—House Democrats choose to have a hearing on a bill that passed over two months ago,” McHenry said.He said fellow Democrats have called the HEROES Act a “dead-end partisan stunt with many voting against the bill.“Americans don’t want gamesmanship. They don’t want petty partisanship. They want actions and they want results,” he said.McHenry said the passage of the CARES was the right response at the right time. But this bill is not.“Is it worth it to continue pushing for things you know you will never get done and delay passage of what is a more reasonable policy. Knowing that by delaying and doing stunts like today, it’s just another minute, another hour, another day wasted not serving the American people,” McHenry said.He concluded his statement by saying House Republicans want to support businesses and homeowners and want “hard compromises” to get the country back on track.center_img Demand Propels Home Prices Upward 2 days ago The Best Markets For Residential Property Investors 2 days ago July 23, 2020 1,260 Views Share Save Servicers Navigate the Post-Pandemic World 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Data Provider Black Knight to Acquire Top of Mind 2 days ago Related Articles Previous: Making America’s Housing More ‘Equitable’ Next: Trio of Storms Raise Concerns on Potential Property Damage  Print This Post Sign up for DS News Daily Subscribelast_img read more


“We Are Well As Of Now, But Don’t Know What Tests Will Say, Forced To Sit Separately”: CJI SA Bobde

first_imgTop Stories”We Are Well As Of Now, But Don’t Know What Tests Will Say, Forced To Sit Separately”: CJI SA Bobde Sanya Talwar9 Sep 2020 1:42 AMShare This – xWhile adjourning a petition seeking stay on the ongoing reclamation work of the Mumbai Coastal Road Project, Chief Justice SA Bobde said that since most judges are sitting apart on account of impending test reports, the bench will not take up the case.Before a bench of Chief Justice SA Bobde, Justices AS Bopanna & V. Ramasubramaniun, Senior Advocate Harish Salve was about to begin…Your free access to Live Law has expired To read the article, get a premium account.Your Subscription Supports Independent JournalismSubscription starts from ₹ 599+GST (For 6 Months)View PlansPremium account gives you:Unlimited access to Live Law Archives, Weekly/Monthly Digest, Exclusive Notifications, Comments.Reading experience of Ad Free Version, Petition Copies, Judgement/Order Copies.Subscribe NowAlready a subscriber?LoginWhile adjourning a petition seeking stay on the ongoing reclamation work of the Mumbai Coastal Road Project, Chief Justice SA Bobde said that since most judges are sitting apart on account of impending test reports, the bench will not take up the case.Before a bench of Chief Justice SA Bobde, Justices AS Bopanna & V. Ramasubramaniun, Senior Advocate Harish Salve was about to begin his submissions, when the CJI told him that they were in a “difficulty today” as they had been forced to sit apart. “Most of us are sitting separately,” said the Chief Justice of India.Solicitor General Tushar Mehta said that he had noticed that and hoped that all was well with the judges.”We are fine as of now but we have been asked to sit seperately as a matter of precaution,” replied CJI Bobde CJI also added that till now they were fine but he “doesn’t know yet” and that the matter may further be adjourned, depending on the results.Senior Advocate Mukul Rohatgi at this juncture stated that in that case, the case be adjourned after two weeks.When Senior Advocate Shyam Divan said that the reclamation work is going on enormously and sought an adjournment only by a week.To this, CJI replied that, “If you’re looking to have it next week, we don’t know, the thing is we don’t know, don’t worry we will take care of it” he added.On February 25, the CJI led bench had refused to stay the reclamation work on submissions by Divan wherein he had asserted that the ongoing reclamation work being done by the authorities surpassed the earlier order of the Supreme Court in order dated 17th December 2019 which had, in effect insinuated a curb on carrying out any development work. The Court had instead sought response from the stakeholders on the plea.Subscribe to LiveLaw, enjoy Ad free version and other unlimited features, just INR 599 Click here to Subscribe. All payment options available.loading….Next Storylast_img read more