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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


first_img IBLC OUTLINES AGGRESSIVE 2017 AGENDA FOCUSING ON BIAS CRIMES, COURTS, PRECINCT CONSOLIDATION, BUDGETINDIANAPOLIS – Leaders of the Indiana Black Legislative Caucus (IBLC) today outlined an aggressive agenda for the 2017 session of the Indiana General Assembly that will focus on bias crimes, Marion County courts, Lake County precinct consolidation, and passage of a biennial state budget that addresses concerns about education, criminal justice reform, and health issues.“As this session begins to pick up steam, the IBLC wants to make sure that our priorities are addressed in a timely fashion to reflect the concerns that have been expressed to our members by minority communities across this state,” said IBLC Chair, State Rep. Cherrish Pryor (D-Indianapolis), who noted that the caucus conducted town halls across Indiana last year that gave residents a chance to provide feedback on issues of interest to them. “We believe these goals are easily achievable before we finish our work by the end of April.”IBLC members have filed three bills (House Bill 1066 and Senate Bills 333 and 336) that seek to place a bias crime law in state statutes, and enhance penalties against those who commit such crimes.“There is ample evidence to indicate that bias motivated crimes do take place with greater frequency in Indiana, and there is a specific need to demonstrate that these actions will be met with harsh penalties,” Pryor said. “The legislation filed by IBLC members offers the opportunity to pursue criminal and civil penalties against offenders, encourage greater collection and study of bias crimes, and seek to give law enforcement officers the training necessary to be better able to respond to these offenses.”Pryor said the IBLC will work against a series of proposals (House Bill 1036 and Senate Bills 79 and 568) that seek to radically change the methods of selection of Superior Court judges in Marion County.“In the wake of a recent federal court ruling, we now are facing measures – offered under the guise of ‘reform’ – that could effectively prevent minorities from being selected to serve in the Marion County judiciary,” Pryor said. “Past experience has dictated that it is wise to cast a wary eye upon such proposals that disenfranchise voters. Rest assured that the IBLC will vigorously oppose these bills throughout the session, and continue to educate the general public about the injustices that are being attempted here. I have yet to hear a good reason why Marion County should not directly elect their judges. Only Allen, Lake, St. Joseph, Vandenberg and Marion County are denied a direct path to elect their judges. These counties not only have a large number of minorities, they also have a large number of Democrats living in them.”Similar concerns about disenfranchisement were expressed about House Bill 1147, which State Rep. Charlie Brown (D-Gary) said attempts to drastically revise voting precincts in Lake County.“Here we have yet another effort at ‘reform’ which is not so thinly veiled in its effort to deny and repress minority voting in Lake County,” Brown said. “There is no need to do something that will make it more difficult for people to cast a ballot, particularly at a time when Indiana has one of the worst voter participation percentages in the country. We need to be finding ways to encourage people to get out and vote, not deny them that right.”Pryor also outlined a series of priorities for the biennial state budget that must be passed this session. Those include expansion of pre-K, proper funding for K-12 (particularly in urban public schools), and increased funding for remediation, bilingual education, minority health programs, and initiatives that encourage more minorities to get into teaching as a career.“We are disturbed that recent budgets seem to place a higher priority on experimentation like vouchers and charter schools, rather than working to support our public schools, which do not have the ability to pick and choose who they get to educate, but find themselves having to perform so many difficult tasks with less support,” said. “They need a voice in the Statehouse and we will provide it for them.”FacebookTwitterCopy LinkEmailSharelast_img read more

HAA recognizes outstanding alums

first_imgThe Harvard Alumni Association (HAA) announced that Thomas G. Everett, Roger W. Ferguson Jr. ’73, A.M. ’78, J.D. ’79, Ph.D. ’81, John H. McArthur, M.B.A. ’59, D.B.A. ’63, and Betsey Bradley Urschel, Ed.M. ’63, will receive the 2016 Harvard Medal. President Drew Faust will award the medals at Commencement during the Annual Meeting of the Harvard Alumni Association. First awarded in 1981, the Harvard Medal recognizes extraordinary service to the University. The service can range across diverse aspects of University life — from teaching, leadership, and innovation to fundraising, administration, and volunteerism.Thomas G. EverettThomas G. Everett embodies and spreads the Harvard spirit through his gift for teaching and love of making music. He came to Harvard in 1971 to direct the Harvard University Band. After four decades of coordinating and conducting formal concerts, Commencements, diplomatic greetings, trumpet fanfares, athletic events, and ceremonial music, he stepped down in 2013. He is currently director emeritus of the Harvard Bands.Everett pioneered the jazz program at Harvard — not only through the performing groups he organized and conducted, including the Harvard Jazz Bands, Harvard Wind Ensemble, and Harvard Summer Pops Band, but also by teaching courses in the Faculty of Arts and Sciences and at Harvard Extension School. He has served as jazz adviser to the Office for the Arts, a collaboration that has resulted in expanded music opportunities for students.A critical presence and source of support for various alumni musical groups, including the Harvard Alumni Jazz Band and the Harvard Band Foundation, Everett established relationships with a broad alumni base. He has given personal lessons to alumni and has served as a nexus for the Harvard Band’s extended alumni network. He founded and coordinated the Harvard Club of Boston’s Annual Horblit Jazz Combo Festival.He holds degrees from Ithaca College and studied privately at the Eastman School of Music. He and his wife, Betsy, live in Lexington, Mass.Roger W. Ferguson Jr. ’73, A.M. ’78, J.D. ’79, Ph.D. ’81Roger W. Ferguson Jr. has exhibited a profound commitment to Harvard. President of the Board of Overseers from 2008 to 2009, he also served as a member of the executive committee, chaired the standing committee on institutional policy, sat on the board’s standing committees on social sciences and alumni affairs and development, and chaired the governing boards’ Joint Committee on Inspection, Harvard’s audit committee. A member of the University Library and the Law School visiting committees, he also chaired the Memorial Church visiting committee. During his tenure as an Overseer, he also served on search committees for members of the Corporation. He was an elected director of the Harvard Alumni Association in the late 1990s.Former vice chairman of the Federal Reserve Board of Governors, Ferguson is now the president and chief executive officer of retirement services provider TIAA (formerly TIAA-CREF). A member of President Obama’s Economic Recovery Advisory Board, his leadership has been recognized by many different organizations; this recognition includes the Visionary Award from the Council for Economic Education and an honorary fellowship at Pembroke College.Ferguson is married to Annette Nazareth, a partner at Davis Polk and former commissioner of the U.S. Securities and Exchange Commission. They have a son and a daughter and live in Washington, D.C.John H. McArthur, M.B.A. ’59, D.B.A. ’63John H. McArthur has made a major impact on Harvard Business School (HBS) and the University at large. He is respected by various sectors of Harvard for his involvement in an array of areas, from athletics to politically nuanced dealings with the city of Boston. He joined the HBS faculty in 1962 and served as dean of the faculty from 1980 through 1995. Since then he has been the George F. Baker Professor of Business Administration Emeritus and dean emeritus. He is currently an honorary chair of the Harvard Business School Campaign and a member of the Social Enterprise Initiative Advisory Board.A true Harvard citizen, McArthur has served multiple Schools; he has been a member of the Board of Overseers of Harvard Medical School (HMS) and a member of the Dean’s Councils of the Harvard T.H. Chan School of Public Health and the Harvard Graduate School of Education. He was founding co-chair of the board of trustees of Partners HealthCare System, which brought together two leading HMS-affiliated teaching hospitals, Brigham and Women’s Hospital (BWH) and Massachusetts General Hospital. BWH honored his legacy by establishing the John McArthur Program for Medicine Leadership Track, which enables residents to earn their M.B.A. from HBS during their residency at the hospital.A member of the Harvard Club of Boston and the Harvard Club of New York City, McArthur was a recipient of the Harvard Statesman Award from the HBS Club of New York and the Canadian Business Leadership Award from the combined HBS Clubs of Canada. In 1996, he was selected as honorary coach of the men’s ice hockey team at Harvard College and as a member of the Harvard Varsity Club.The John and Natty McArthur University Professorship was established at Harvard University in 1997, and McArthur Hall was dedicated at HBS in 1999. A group of Canadian alumni announced the creation of the John H. McArthur Canadian Fellowship program in 2002.A native of Vancouver, British Columbia, McArthur lives with his wife, Natty, in Weston, Mass.Betsey Bradley Urschel, Ed.M. ’63Betsey Bradley Urschel cares deeply about Harvard and has demonstrated her devotion to the University through many years of gracious and exemplary volunteer service. A past president and director emerita of the Harvard Club of Dallas, she was co-chair of the Club’s centennial celebration in 2014, which coincided with the Your Harvard: Texas event in Dallas. She and her husband, Harold C. Urschel, M.D. ’55, who passed away in 2012, founded the Betsey Bradley and Hal Urschel M.D. Community Service Fund, which provides financial assistance to a Harvard College undergraduate pursuing a public service internship in the North Texas region.A recipient of the HAA Alumni Award in 2005, Urschel has served in a number of different capacities for the HAA, including as an elected director, regional director for Texas, and vice president of University affairs of the HAA Board of Directors. She served on the HAA Committee to Nominate Overseers and Elected Directors and on the HAA Awards Committee, and she has been an alumni interviewer.Committed to women, Urschel was a member of the Women’s Leadership Board of the Women and Public Policy Program of Harvard Kennedy School. She is also an Alley-Sheridan Scholar and fellow of the Thoracic Surgery Foundation for Research and Education. In addition, she served on the advisory board for Harvard Medical School’s “50 Years of Women in Medicine at Harvard” celebration.She continues to live in Dallas and remains involved with local Harvard-related efforts and the HAA Board.last_img read more