If passed by the Senate and signed into law – H.R. 1106 – Helping Families Save their Homes Act of 2009 would empower judges to reduce amount of principal owed, cut the interest rate or extend the length of a loan for a homeowner struggling with their mortgage.
It comes on the heels of Johnson’s first telephone town hall meeting held Feb. 24 from his office in Washington, D.C., in which he reached out to 25,000 Fourth District residents to discuss the Recovery Act.
NCPW 2009 – Nuts and Bolts: Tools for Today’s Economy – highlights consumer education efforts across the nation and the state. Information can help people get the most for their money, whether they are trying to stretch their paychecks, find a quick fix for a spotty credit history, or tell the difference between a real deal and a potentially fraudulent product or service.
Among other things, the hearing focused on the proposed merger between Ticketmaster and Live Nation, which could combine the nation’s biggest concert promoter with the largest seller of tickets for live entertainment.
“The package, which is a balance of tax cuts and investments, is an effort to help lift our sagging economy and put people back to work,” said Johnson, citing the loss of jobs as his biggest concern.
President Barack Obama signed the bill into law this afternoon.