Doug LaMalfa on Budget & Economy

Opposes federal stimulus spending.

LaMalfa opposes the PVS survey question on federal stimulus

Project Vote Smart infers candidate issue stances on key topics by summarizing public speeches and public statements. Congressional candidates are given the opportunity to respond in detail; about 11% did so in the 2012 races.

Project Vote Smart summarizes candidate stances on the following topic: 'Economy: Do you support federal spending as a means of promoting economic growth?'

Source: Project Vote Smart 12-PVS-qBE on Aug 30, 2012

Audit the Federal Reserve & its actions on mortgage loans.

LaMalfa co-sponsored Federal Reserve Transparency Act

The Federal Reserve Transparency Act directs:

the completion, within 12 months, the audit of the Federal Reserve System and of the Federal Reserve Banks; with a detailed report of audit findings and conclusions.
Audit and report on the loan files of homeowners in foreclosure in 2009 or 2010, required as part of the enforcement actions taken by the Federal Reserve against supervised financial institutions.

Prescribes audit contents, including:

the guidance given by the Federal Reserve to independent consultants retained by the supervised financial institutions regarding procedures to be followed in conducting the file reviews,
the factors considered by independent consultants when evaluating loan files and the results obtained pursuant to those reviews, and
the determinations made by such consultants regarding the nature and extent of financial injury sustained by each homeowner as well as the level and type of remediation offered.

Source: H.R.24&S.209 13-HR0024 on Jan 3, 2013

Click here for definitions & background information on Budget & Economy. Click here for a profile of Doug LaMalfa. Click here for HouseMatch answers by Doug LaMalfa. Click here for a summary of Doug LaMalfa's positions on all issues. Click here for issue positions of other CA politicians.
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Page last updated: Apr 08, 2013