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Posts Tagged ‘house committee’

New House Committee Chairmen Rake in the Chips

July 25th, 2013 Comments off

Campaign contributions for seven of eight newly installed GOP House committee chairmen have risen 59 percent in this year over the first six months of 2011. The 11 continuing committee chairmen only show a three percent average increase in first-half contributions this year over the same time frame two years ago. In their powerful positions they determine what legislation is heard by the committee and what falls to the wayside, and thus are a magnet for contributions from lobbyists and businesses who have interests governed by that chairman’s focus. Rep. Jeb Hensarling (R-Tex.), the new Chairman of the House Financial Services Committee, has raised $1.35 million in the first six months of 2013, a 67 percent increase over the $826,050 he received in the same time period of 2011. His donors include the manufactured and modular housing industries, mortgage servicers, community banks, credit unions, payday lenders and pawnshops. As huffingtonpost informs MHProNews, most of these contributors to Hensarling are covered by the regulations and policies of the Consumer Finance Protection Bureau (CFPB). The committee chair who saw the greatest increase in contributions is Rep. Bill Shuster (R-Penn.), who leads the Transportation and Infrastructure Committee. He oversees airlines, oil and gas companies, trucking companies, engineers, architects, contractors and trade groups. His contributions rose 412 percent over the first six months of 2011, from $235,000 to $1.2 million.

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House Committee to HUD: Hire Manufactured Housing Administrator or Else

June 29th, 2013 Comments off

The 2014 fiscal year House Appropriations Committee measure that outlines budgets for the Dept. of Housing and Urban development (HUD) contains a provision that HUD must choose a permanent administrator of the Office of Manufactured Housing within 120 days of the legislation’s enactment. Introduced by Rep. Chuck Fleischmann (R-Tenn.), if HUD fails to meet this deadline, the agency will lose $50,000 in salaries and expense budgeting for each day the requirement is not met, according to the Manufactured Housing Institute (MHI) newsletter. The report accompanying the bill states that “the Committee understands that a substantial backlog of recommendations approved by the Manufactured Housing Consensus Committee exists, and a lack of action and attention in this area has meant that codes and standards have not kept pace with technological innovation or allowed the industry to keep pace with consumer demand. The Committee looks forward to a more focused and responsive office under permanent leadership.” Knowing of the committee’s activity, a week prior HUD issued a notice announcing its search for someone to fill the administrator post, reversing a long-standing policy to leave the post vacant. As MHProNews knows, this marks an important milestone for the industry.

(Image credit: Fairmont Homes)

MHI Responds to House Committee’s Letter

June 11th, 2012 Comments off

The Manufactured Housing Institute (MHI), responding to a request from the House Oversight and Government Reform Committee regarding regulations that negatively impact job growth in the manufactured housing industry, focused on three major areas of regulatory reform: Regulations authorized by Dodd-Frank; the Manufactured Housing Construction and Safety Standards Act; and proposed regulations authorized by the Energy Independence and Security Act of 2007. The major areas of concern deal with streamlining mortgage standards and guidelines as they apply to manufactured housing, reducing regulatory impediments, and making manufactured housing a priority in the Department of Housing and Urban Development (HUD), which in itself might clear up some of the overall issues that hinder and derail the industry’s attempts to provide affordable housing. For a full review, click here.

(Image credit: Manufactured Housing Institute)

House Committee Examining Dodd-Frank

May 16th, 2012 Comments off

The Manufactured Housing Association for Regulatory Reform (MHARR) says the House Financial Services Committee (FSC) is holding a hearing today to examine the Dodd-Frank Act’s definition of non-bank financial institutions as “systemically important”, a euphemism for “Too Big to Fail”, meaning the government will protect it from collapse. The Financial Stability Oversight Committee (FSOC), a regulating committee created by Dodd-Frank, will discuss whether the designation gives these firms a competitive edge, and how the ruling might affect the economy. Subcommittee Chairman Shelley Moore Capito says, “There’s no question that we need to have the necessary safeguards in place to avoid another financial collapse, however we must ensure that new rules do not greatly inhibit economic growth.” MHProNews.com has learned FSC Chairman Spencer Bachus says, “Bailouts must end—period.”

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MHI Responds to Unexpected Testimony at Congressional Hearing

February 8th, 2012 2 comments

MHProNews.com has received a memorandum from Joe Stegmayer, Chairman of the Manufactured Housing Institute (MHI), regarding testimony at last week’s House Financial Services Committee hearing on HUD’s implementation of the Manufactured Housing Improvement Act of 2000. Noting the difficulty in gaining the attention of Congress, Stegmayer emphasizes the extended effort expended by MHI staff and members to obtain this hearing, and the opportunity to introduce bipartisan legislation (H.R. 3849) aimed at the unintended consequences of the SAFE Act and Dodd-Frank that negatively impact MH. Several members of Congress did remark on the importance of manufactured housing as a source of affordable housing. MHI had been asked to recommend a witness who could attest to HUD’s implementation of the MH Improvement Act of 2000. Manuel Santana, Director of Engineering for Cavco and a member of HUD’s Manufactured Housing Consensus Committee (MHCC) was chosen for this role. His testimony included HUD’s slow response to changes in the industry, and ineffectiveness in implementing regulatory directives contained in the Improvement Act. Another witness chosen by congressional staffers to testify was Ishbel Dickens, Executive Director, Manufactured Homeowners Association of America (MHOAA), also a member of MHCC. Ms. Dickens opted to use her testimony to lash out at MHC owners instead of the task outlined by the committee. In response, MHI/NCC (National Communities Council) will compose a letter to the House committee documenting positive attributes of community living while responding to the issues raised by Ms. Dickens. In addition, MHI/NCC will seek an opportunity for NCC to have a discussion with House committee members, and for an NCC representative to testify before the House Financial Services Committee.

(Graphic credit: U.S. House of Representatives)