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Corporate Governance
: PomTalkCongress Passes the Housing and Economic Recovery Act
By Tamar Weinrib
Motivated by the recent Fannie Mae and Freddie Mac crisis, Congress passed the Housing and Economic Recovery Act (HR 3221) on Saturday. The act is regarded as the most significant housing legislation in decades and is designed to address the nation's housing meltdown. It strengthens and modernizes the regulation of Fannie Mae and Freddie Mac and the Federal Home Loan Banks and expands the housing mission of these GSEs. The legislation also creates a new program at FHA that will help at least 400,000 families save their homes from foreclosure.
For a summary of HR 3221 click here.
Full post as published by PomTalk on July 29, 2008 (boomark / email).
Fair Housing Act
Prevent discrimination by landlords
Emergency Economic Stabilization Act of 2008
Bailout Bill HR124
Foreign Investment and National Security Act of 2007
Strengthens examination requirements of the Committee on Foreign Investment in the United States
Recovery One, Cyber Asset, Ascension Recovery - Renovo One LLC
REPOSSESSION DRIVERS - UNPAID OVERTIME
Bayer CropScience AG
alleging farmers suffered economic losses after Bayer's biotech Liberty Link rice was released into the food supply and countries banned US rice.
Recovery Claim
Florida Insurance Guarantee Association agrees to pay $14 million settlement to Home Solutions of America for construction services.
KB Home and Countrywide Financial Corp.
allegedly conspired with appraisers to boost housing prices as the market crashed.
Apartment Appointment
Pine Properties Inc. pays $158,000 housing discrimination settlement.
Disability Access
Developers pay $175,000 settlement for failing to comply with the Fair Housing Act.

Recent Congressional CRS Reports On the Financial Services Crisis
President Bush Signs Housing and Economic Recovery Act of 2008 Into Law
CBO Cost Estimate and Joint Cmte on Taxation: Housing and Economic Recovery Act of 2008
President Bush Signs Housing Tax Relief Bill
House Passes Economic Stimulus








