On the issue of FHFA’s constitutionality, the court ruled for the plaintiffs. But rather than invalidate the net worth sweep, the court struck the “for-cause” provision from HERA.
Rep. Maxine Waters, the first woman and first African-American to chair the House Financial Services Committee, comes to power in a particularly partisan climate. The Democrat from California officially took the gavel on Jan. 3, when the 116th Congress convened.