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Tag: Senate

Arizona senators announce $233M in new funding for state tribal housing

May 30, 2024 No Comments Real estate , , , ,

New housing grants totaling more than $233.7 million will be distributed to 20 tribal communities in Arizona, according to a joint announcement from the state’s U.S. Senate delegation of Mark Kelly (D) and Kyrsten Sinema (I). “Arizona is facing an affordable housing crisis, which has hit our state’s Tribal communities especially hard,” Kelly said in [...]read moreArizona senators announce $233M in new funding for state tribal housing

Republicans tell FHFA they oppose Freddie Mac’s closed-end second mortgage proposal

May 25, 2024 No Comments Real estate , , , , ,

On Wednesday, the FHFA closed the comment period for the proposal, which was opened in April. In their letter, Republicans called the 30-day period “insufficient.” If the product is approved as proposed, it will have terms of up to 20 years, be manually underwritten and remain in Freddie Mac’s portfolio for six to nine months [...]read moreRepublicans tell FHFA they oppose Freddie Mac’s closed-end second mortgage proposal

Republican senator takes aim at Biden’s housing policies

May 15, 2024 No Comments Real estate , , , ,

While the U.S. Department of Housing and Urban Development (HUD) exists to facilitate the needs that Americans have for housing — needs that are challenged by affordability, inventory, mortgage rates and more — recent policies of the Biden administration have hindered affordability by focusing on climate-related housing issues instead of costs. This is according to [...]read moreRepublican senator takes aim at Biden’s housing policies

Life of Social Security trust fund gets slight extension

May 10, 2024 No Comments Real estate , , , ,

Social Security is often the centerpiece of seniors’ fixed income in later life, and while predictions remain limited for the life of the program’s trust fund, there was some good news recently from the Social Security Board of Trustees this week: the fund will last a year longer than predicted in 2023. “The combined asset [...]read moreLife of Social Security trust fund gets slight extension

Senator inquiring about HMBS program clinches gubernatorial nomination

May 9, 2024 No Comments Real estate , ,

U.S. Sen. Mike Braun (R-Ind.), who recently submitted a series of questions to Ginnie Mae about its management of the Home Equity Conversion Mortgage (HECM)-backed Securities (HMBS) program following the collapse of Reverse Mortgage Funding (RMF), clinched the Republican nomination for governor of Indiana on Tuesday night, according to The Associated Press and The Washington [...]read moreSenator inquiring about HMBS program clinches gubernatorial nomination

New bill seeks to expand Social Security benefits for seniors

May 2, 2024 No Comments Real estate , , , ,

Lawmakers in the U.S. House of Representatives and U.S. Senate are seeking to address the rising costs of living for U.S. seniors, primarily those living on fixed incomes, which would be accomplished by increasing monthly benefits and requiring the Social Security Administration (SSA) to use a different inflation-calculation formula. The bill, known as the Boosting [...]read moreNew bill seeks to expand Social Security benefits for seniors

UnitedHealth CEO tells Senate all systems now have multi-factor authentication after hack

May 1, 2024 No Comments Technology , , ,

UnitedHealth Group chief executive officer Andrew Witty told senators on Wednesday that the company has now enabled multi-factor authentication on all the company’s systems exposed to the internet in response to the recent cyberattack against its subsidiary Change Healthcare. The lack of multi-factor authentication was at the center of the ransomware attack that hit Change [...]read moreUnitedHealth CEO tells Senate all systems now have multi-factor authentication after hack

Senate passes TikTok ban bill, sending it to President Biden’s desk

April 24, 2024 No Comments Technology , , ,

A bill that would force China-based company ByteDance to sell TikTok — or else face a US ban of the platform — is all but certain to become law after the Senate passed a foreign aid package including the measure. It now heads to President Joe Biden, who already committed to signing the TikTok legislation should [...]read moreSenate passes TikTok ban bill, sending it to President Biden’s desk

US Senate Approves TikTok Sell-Off Proposal

April 24, 2024 No Comments Social media marketing , ,

Bad news for TikTok fans, with the U.S. Senate today approving a bill that will force the app to be sold into U.S. ownership, or be banned entirely in the region. The bill, which was initially proposed early last month, and approved by the House of Representatives, was this week re-packaged it into a broader [...]read moreUS Senate Approves TikTok Sell-Off Proposal

Senate passes a bill forcing TikTok to face a ban if ByteDance doesn’t sell it

April 24, 2024 No Comments Technology , , , , ,

The Senate passed a bill, included with the foreign aid package, that will ban TikTok if its owner, ByteDance, doesn’t sell it within a year. Senators passed the bill 79-18 Tuesday after the House passed it with overwhelming majority over the weekend. President Joe Biden will have to sign the bill to make it law, [...]read moreSenate passes a bill forcing TikTok to face a ban if ByteDance doesn’t sell it