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Senate Co-Sponsorship Memoranda
Senate of Pennsylvania
Session of 2015 - 2016
Regular Session
MEMORANDUM
| Posted: | April 23, 2015 03:53 PM |
|---|---|
| From: | Senator Patrick M. Browne |
| To: | All Senate members |
| Subject: | Housing Finance Agency Law Board |
| In the near future, I intend to reintroduce legislation that was Senate Bill 842 of the 2013-14 legislative session. Cosponsors of Senate Bill 842 included: Senators RAFFERTY, COSTA, WAUGH and SOLOBAY. This legislation would amend the “Pennsylvania Housing Finance Agency Law” to include the Insurance Commissioner as a member of the board. Current law calls for the State Treasurer, Secretary of Banking, Secretary of Public Welfare, Secretary of the Department of Community and Economic Development, one appointee from both the minority and majority leaders of the State House of Representatives, one appointee from both the minority and majority leaders of the State Senate, and six private citizen members appointed by the Governor and confirmed by the Senate. The addition of the Insurance Commissioner to the board is of vital importance because the availability of homeowner’s insurance affects a prospective buyer’s ability to obtain a mortgage. When homeowner’s insurance is not available in certain neighborhoods and regions, it affects both the current and potential homeowners and buyers. |
Introduced as SB922