Senate Democrats

Reid: Democrats Lead Passage Of Most Sweeping Housing Legislation In Decades

Washington, DCSenate Majority Leader Harry Reid made the following statement today after the Senate passed the housing reform bill:

“After months of Republican stalling, we have finally passed the most sweeping housing legislation 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.

“This is not a perfect bill, but we can be proud of our achievement here.  I want to thank Senators Dodd and Shelby and Senators Baucus and Grassley for working in a bipartisan fashion to help craft it.  I also would like to thank Secretary Paulson for helping the President see the light.

“I urge the President to sign this bill as soon as possible so the nearly 8,500 new families filing for foreclosure each day no longer have to wait for help.”