Build Back Better Act

Floor Speech

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Ms. WATERS. Madam Speaker, I rise in support of the Build Back Better Act, which will make historic investments across the country.

We are in the middle of a housing crisis, and I have worked hard for funding to assist this crisis that we have in housing. As chairwoman of the Financial Services Committee, I have considered this my responsibility.

It is not lost on me that more than 580,000 people experience homelessness on any given night, and millions of families are at this very moment sacrificing their next meal to pay the rent. Many more have been kept out of their dream of homeownership.

With more than $151 billion for housing in this bill, Democrats are helping families achieve housing stability and housing affordability.

Housing is infrastructure. The Build Back Better Act provides the largest investment in America's housing infrastructure in history. This investment is critical to creating a fair and equitable Nation where everyone can thrive.

As this bill goes to the Senate, in it we have $10 billion for first- generation home buyers; we have $25 billion in Section 8 rental assistance; we have $25 billion in the HOME program, CDBG, and the housing trust fund to build more affordable units.

So I would ask for support of this very significant legislation. It is indeed a game-changer. I urge my colleagues to vote ``yes'' on the Build Back Better Act.

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