Senate Democrats

Reid: Senate Moves One Step Closer To Addressing Foreclosure Crisis

Washington, DC—Senate Majority Leader Harry Reid made the following statement today after the U.S. Senate voted to advance the housing reform bill for a final-passage vote tomorrow:

“After months of Republican stalling, we are finally moving forward on the bipartisan housing bill, and are looking forward to passing it tomorrow.  This bill is the most sweeping housing legislation the Congress will have passed in decades.  It addresses the root of the broader economic crisis – record-high foreclosures – by helping Americans keep their homes and keep their home equity.  Even President Bush has finally dropped his stubborn opposition to this important bill and finally realizes, as Democrats long have, that we must act immediately to address the housing crisis.”