The day has dawned. The start of the reform of the Dodd-Frank bill has begun. You read the hint here first in our Spotlighted Reports mid week emailed NewsLine. Starting in the House of Representatives, the bill designated as HR 1779, was filed on Friday, April 26, 2013.
The bill's press release is available at the link below, entitled, U.S. House Fights to Preserve Access to Affordable Unsubsidized Manufactured Housing for Millions of Americans.
It is very important to note that this bill has bi-partisan support. Sources tell MHProNews that the companion bill in the U.S. Senate should be filed in the next few weeks, during the month of May. That too will have bi-partisan support. Bottom line? This is doable, but we need you to do your part!
The Wall Street Journal ran a story this earlier week covering the issue just before the bill dropped, underscoring the bi-partisan nature of the desired reform.
The reform of the financial reform is so needed by some 23 million residents of factory built homes and to protect the jobs of hundreds of thousands tied to the manufactured housing industry. With some 70% of our financing being personal property lending, this tweak of Dodd-Frank is critical.
The Grass Roots
State and MHC associations have often done a fine job of getting their members to call, write or meet with their legislators and/or their staffs. Since one is wise to lead by example, your faithful MH scribe here at MHProNews made the journey to DC during MHI's Legislative Session to meet with staffs of the Illinois U.S. Senators Mark Kirk and Dick Durbin, as well as U.S. House Representative Adam Kinzinger (IL-16-R). Count on the fact that I will follow up with each office now that we have a bill number.
Ask your U.S. House Representative to Co-Sponsor HR 1779.
So by setting the example, I can now digitally look you in the eye and say, please, do likewise!
This is your industry and our home owners that we are fighting to protect from the unintended consequences of Dodd-Frank.
We will have more on this topic in the days ahead, and will build a resource page for this purpose too. It's pedal to the metal time. Do your part, we will ours and we will keep you posted on the progress. ##
PS: Check our many Exclusive and Red Hot Featured Articles for April and see the
other new stories at MHLivingNews.com too.
L. A. "Tony" Kovach
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