Paulson Endorses Several Legislation Items, Including Prior Clinton Revenue Bond Proposal.

During Office of Thrift Supervision speech today [text HERE}, Treasury Secretary Paulson endorsed several pieces of federal legislation, including a prior proposal from Senator Hillary Clinton to allow state revenue bond program to be used for refinancings [see my prior blog post on Clinton proposals HERE].

I have added relevant bill numbers and links in brackets next to quotes from Paulson's prepared text where he calls for Congress to act on several pieces of legislation:

"To appropriate funds for mortgage counseling. "[H.R. 3074]

"To pass FHA modernization and GSE oversight legislation",[H.R. 1852; H.R. 1427]

"To pass legislation to temporarily relieve tax liability for mortgage debt forgiven,"[H.R.3648 ]

"Legislation to temporarily increase capacity and allow state and local governments new flexibility to use tax-exempt bonds for home mortgage refinancings. [Can't yet find specific bill number].