October 29, 2013


WASHINGTON – Senate Banking Committee Chairman Tim Johnson (D-SD) today released the following statement on cloture being filed on the nomination of Congressman Mel Watt to head the Federal Housing Finance Agency.

“There is no legitimate reason Mel Watt should not be confirmed as the Director of the Federal Housing Finance Agency, and I look forward to the Senate vote on his nomination later this week. It is important to fill this role as soon as we can, so the agency can fully assist in helping stabilize the housing market as our economy continues to recover from the financial crisis. Mel’s decades of experience with housing finance policy, and his proven ability to get results by working with colleagues, consumer advocates, and industry leaders make him an ideal pick to lead the FHFA.”