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Royce Applauds Progress on Opening Up GSEs to Multiple Credit Scoring Models
U.S. Representative Ed Royce (R-Calif.), a senior member of the House Financial Services Committee and leading proponent of housing finance reform, released the following statement on today's progress report from the Federal Housing Finance Agency (FHFA) indicating future consideration of opening up the GSEs to alternative credit scoring models:
Royce Advocates for Commercial Real Estate Growth and Job Creation
U.S. Representative Ed Royce (R-Calif.) spoke in favor of H.R. 4620, the Preserving Access to CRE Capital Act of 2016, at a House Financial Services Committee legislative markup. The legislation tailors risk retention requirements enacted by Dodd-Frank for single asset/single borrower (SASB) commercial mortgage backed securities (CMBS).
Mayor Faulconer’s Campaign to House 1,000 Homeless Veterans Wins Unanimous City Council Approval
Funding for Mayor Kevin L. Faulconer’s “Housing Our Heroes” (PDF) campaign – a call to action to help 1,000 homeless veterans transition off the streets over the next year – won unanimous approval from the City Council today.
Mayor Lee Sends Public Health & Safety Bond to Expand Homeless Shelters & Mental...
Mayor Edwin M. Lee today signed legislation to send a $350 million Public Health and Safety Bond to the June 2016 ballot. The initiative will expand access to mental health services for San Francisco residents, including homeless people living on the streets, and seismically upgrade and strengthen the City’s vital public health care facilities and emergency medical response infrastructure to ensure their viability after a major earthquake. San Francisco voters will decide on the measure on Tuesday, June 7, 2016
Rep. Doug LaMalfa, House Committee Examine California’s Water Supply for 2016
Rep. Doug LaMalfa (R-CA) today participated in a hearing of the House Natural Resources Committee’s Subcommittee on Water & Power, which examined the impact of drought on California’s water supplies for the coming year. The hearing also considered environmental requirements that federal agencies like the National Marine Fisheries Service claim prevent Californians from easing water rationing, despite a far wetter winter than the past several years.
Covered Agreement Delay Harms U.S. Insurers and Consumers
U.S. Representative Ed Royce (R-Calif.) questioned witnesses on the merits of the United States reaching a covered agreement with the E.U. during a Housing and Insurance Subcommittee hearing entitled “The Impact of International Regulatory Standards on the Competitiveness of U.S. Insurers: Part II.”
Rep. Royce Explores Negative Impacts of Dodd-Frank on U.S. Capital Markets
U.S. Representative Ed Royce (R-Calif.) questioned witnesses on the impact of the Dodd-Frank Act on asset-backed securities (ABS) at a hearing entitled “The Impact of the Dodd-Frank Act and Basel III on the Fixed Income Market and Securitizations."
Feinstein Applauds House Committee Passage of West LA VA Housing Bill
Senator Dianne Feinstein (D-Calif.) today applauded House Veterans Affairs Committee passage of the Los Angeles Homeless Veterans Leasing Act, introduced by Representative Ted Lieu (D-Calif.). The Senate Veterans Affairs Committee is expected to consider the companion bill, introduced by Senator Feinstein, next month.
State Water Project Allocation Increased
The Department of Water Resources (DWR) today increased its water delivery estimate (allocation) for most recipients to 30 percent of requests for the calendar year. However, recipients are being warned that extended dry weather could force an allocation reduction.
HOUSE COMMITTEE APPROVES BILLS AUTHORED BY CONGRESSMAN LIEU TO SUPPORT HOMELESS VETERANS AND FUND...
the House Committee on Veterans’ Affairs unanimously passed two bills authored by Congressman Ted W. Lieu (D-Los Angeles): H.R. 3484, the “Los Angeles Homeless Veterans Leasing Act of 2016” and H.R. 4334, the "Fiscal Year 2016 Department of Veterans Affairs Seismic Safety and Construction Authorization Act."
EPA Top Water Official Tours Local Water Facilities Focusing on Sustainability
On Friday, February 26th, U.S. EPA Deputy Assistant Administrator for Water Joel Beauvais will end his California tour of several sustainable water facilities at the Oro Loma wastewater treatment and purification plant in San Lorenzo. His visit will focus on their innovative “horizontal levee” ecotone project, which is transforming a 10-acre weedy field to provide wastewater treatment, wet weather storage, shoreline habitat, and infrastructure protection from rising sea level
U.S. Department of the Interior Debunks Feinstein’s Claim Senate Bill Increases Pumping
On Wednesday, February 24, 2016, the U.S. House Committee on Natural Resources Subcommittee on Water, Power, and Oceans held a hearing to review federal regulations exacerbating California’s drought crisis despite the fact that El Niño is providing significant precipitation in the region.
Knight Introduces Bill To Bring Clean Water To Santa Clarita
Representative Steve Knight (CA-25) introduced legislation on Wednesday that would give a boost to longstanding efforts to clean the Eastern Santa Clara River Basin and provide fresh water to the Santa Clarita Valley
Mayor Faulconer Kicks Off Collaborative Campaign to House 1,000 Homeless Veterans
Standing in front of an apartment complex housing veterans in Sherman Heights, Mayor Kevin L. Faulconer, City Councilmember Todd Gloria and Chairman Ron Roberts of the San Diego County Board of Supervisors on Wednesday kicked off the “Housing Our Heroes” campaign – a call to action to help 1,000 homeless veterans transition off the streets over the next year.
Denham Introduces Common-Sense Predation Legislation
U.S. Representative Jeff Denham (R-Turlock) today introduced the Save Our Salmon (SOS) Act of 2016, which eliminates the doubling requirement established by the Central Valley Project Improvement Act of 1992 (CVPIA) for striped bass, a known predator fish of threatened and endangered salmon and steelhead.
Congressman Garamendi Plans to Introduce California Drought Legislation in House of Representatives
Congressman John Garamendi (D-Fairfield, Davis, Yuba City) announced his intention to introduce legislation in the House of Representatives that would address California’s prolonged drought. The bill, which mirrors legislation introduced by Senator Feinstein, would authorize $1.3 billion for long-term water solutions and short-term drought relief, all without violating California’s landmark environmental laws.
Rep. Peters Visits Flint, Michigan during Ongoing Water Crisis
U.S. Congressman Scott Peters (CA-52) visited Flint, Michigan with Rep. Dan Kildee and other Congressmembers to meet with residents and local business owners affected by the city’s ongoing water crisis. Rep. Peters, who spent much of his childhood in the Detroit suburb of Southfield, was also briefed by Dr. Lurie of the U.S. Department of Health and Human Services about federal response efforts and the resources still needed to address the crisis
MAN TO APPEAR IN COURT FOR BURGLARIZING OVER 30 HOMES OF FEMALE COLLEGE STUDENTS...
A man is scheduled to appear in court tomorrow on charges of committing burglaries of over 30 homes of female college students that he found by using Instagram. Arturo Galvan, 44, Menifee, is charged with 33 felony counts of first degree residential burglary, one felony count of attempted first degree residential burglary, one misdemeanor count of resisting and obstructing an officer, one misdemeanor count of vandalism under $400, and sentencing enhancement allegation for non-accomplice present during a residential burglary.
Honda Leads Members Calling For Renewable Energy Storage Investment Credits
Renewable energy allows American families and businesses to generate their own clean energy, and advances in energy storage will allow our nation to better harness this energy. However, one critical tax law may slow that process down
REP. LORETTA SANCHEZ STATEMENT ON PORTER RANCH GAS LEAK SEALING
Congresswoman Loretta Sanchez (CA-46), senior member of the House Committee on Homeland Security, released the following statement after California officials announced that the leaking natural gas well near Porter Ranch has been permanently sealed and taken out of service
