More on Financial Services
WASHINGTON, D.C. – Rep. Carolyn Maloney (D-NY) issued the following statement applauding Senate passage of the Dodd-Frank Wall Street Reform and Consumer Protection Act:
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY) today praised House passage of the Dodd-Frank reforms in the following statement. “The Dodd/Frank bill is landmark legislation which will protect consumers and investors, while allowing our financial services industry to continue financing the creativity and innovation, which has, even in these difficult times, made the American economy the envy of the world.
Statement of Representative Carolyn Maloney on H.R. 4173, Dodd-Frank Wall Street Reform and Consumer Protection Act
Thank you Chairman Frank for yielding, for your leadership and for presiding over the most open and transparent conference process in history. The Dodd/Frank bill is landmark legislation which will protect consumers and investors, while allowing our financial services industry to continue financing the creativity and innovation, which has, even in these difficult times, made the American economy the envy of the world.
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY) today offered this statement following the final report of the Conference Committee early this morning. “This is a new day. Just over twelve months ago, President Obama called for major reforms as we were desperately trying to climb from the depths of the financial crisis. And today we've achieved the vast majority of his goals. He can attend the G20 meeting with a stronger hand to help lead the world out of this recession.
Washington, D.C. – Congresswoman Carolyn Maloney hailed the House passage today of the Small Business Lending Fund Act of 2010 (H.R. 5297) and the passage Tuesday of Small Business Jobs Tax Relief Act (H.R. 5486). The Small Business Lending Fund Act of 2010 creates a new $30 billion fund to enable small- and medium-sized community banks (with less than $10 billion in assets) to lend to small businesses, among other measures. Participating banks would be required to pay back this funding to the federal government, with interest. Provisions of the Small Business Jobs Tax Relief Act include an exemption from capital gains taxes on investments made this year in small businesses, and increased tax deductions for entrepreneurs who start small businesses.
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY) hailed the third and final administrative rule announced by the Federal Reserve today, implementing her credit card reform legislation, “The Credit CARD Act.”
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY) today voted in favor of reforms to the Federal Housing Administration (FHA) which will protect homeowners from mortgage fraud and save tax dollars.
Statement of Rep. Maloney on appointment to Wall Street Reform and Consumer Protection Act Conference Committee
WASHINGTON, DC – Rep. Carolyn Maloney (D-NY) today issued this statement upon being appointed to the Financial Stability Conference Committee:
"I am honored that the Chairman has seen fit to include me on the list he has sent to Speaker Pelosi of possible Conference Committee members for the financial regulatory reform legislation.
REP. CAROLYN MALONEY, LEADERS & ADVOCATES URGE REFORM OF FREDDIE MAC, FANNIE MAE TO STRENGTHEN PROTECTIONS FOR AFFORDABLE HOUSING
New York, NY – Congresswoman Carolyn B. Maloney joined with elected officials, community leaders, and affordable housing advocates at a news conference outside Stuyvesant Town to announce her introduction of legislation in Congress, H.R. 5361, that will sharply curtail the ability of Fannie Mae, Freddie Mac, and other government-sponsored enterprises (GSEs) to invest in future transactions that reduce the availability of affordable housing both in New York and nationwide. Representative Maloney was joined at the press conference by New York City Public Advocate Bill de Blasio; Manhattan Borough President Scott Stringer; NYS Assemblyman Brian Kavanagh; NYC Councilman Dan Garodnick; Alvin Doyle, the President of the Stuyvesant Town/Peter Cooper Village Tenants Association; and other consumer, housing and community advocates.