Helping Families Save Their Homes Act of 2009--Continued

Floor Speech

HELPING FAMILIES SAVE THEIR HOMES ACT OF 2009--Continued -- (Senate - May 06, 2009)

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AMENDMENT NO. 1031, AS MODIFIED

Mr. SCHUMER. Mr. President, first, I wish to salute, praise the chairman of our Banking Committee, Chairman Dodd, for doing a great job on this bill. I thank him for the good work he has done, and so many others who have worked long and hard on this legislation; Senator Shelby as well.

Mr. President, I ask unanimous consent that my amendment be modified with the changes at the desk.

The ACTING PRESIDENT pro tempore. Is there objection?

Mr. CHAMBLISS. Mr. President, I object.

The ACTING PRESIDENT pro tempore. Objection is heard.

Mr. SCHUMER. Mr. President, we are asking for a simple change that in no way affects the amendment, in no way affects whether it is going to cost anything. The purpose of the underlying amendment is to ensure that tenants of multifamily housing across the country benefit from the same attention and support of this Government as single-family homeowners will.

We have literally millions of tenants--millions--who, because the homes which they rent are foreclosed, are in very bad shape. They can be removed from their homes. Their homes can deteriorate. Once a home is in foreclosure, often it is not kept up. This is not just in big cities such as New York but around the country. In fact, States such as Tennessee and so many others are on the list which I listed of 15 States that are most affected because it affects not only big multiple dwellings but garden apartments and other residential units. It is unfortunate that the objection is going to stand in the way of helping these tenants.

The ACTING PRESIDENT pro tempore. The Senator's time has expired.

AMENDMENT NO. 1031, AS MODIFIED, WITHDRAWN

Mr. SCHUMER. Mr. President, I ask unanimous consent to withdraw the amendment.

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