The biggest mortgage loan consolidation bill ever introduced in Congress is the Consumer Finance Protection Act.
But that’s not the only bill on the chopping block.
The House Finance Committee is expected to vote Tuesday on a $4.1 trillion bill that would reduce the interest rate on government debt.
It’s called the American Recovery and Reinvestment Act.
If it passes, it would be the biggest piece of legislation to be introduced by Congress since World War II, when President Franklin Roosevelt signed the Bank Resolution Act.
That bill increased the money available for the federal government to spend on defense and helped keep the federal debt at less than 100 percent of its peak in 1968.
It also reduced interest rates on government debts for several years.
The new bill, known as the American Economic Recovery Act, would consolidate the debt of federal, state and local governments, as well as individuals and small businesses.
It would cut the federal deficit by $2 trillion over 10 years, from $1.9 trillion to $1,000 billion.
It would create a new fund to provide debt relief to individuals, small businesses and individuals making more than $250,000 per year.
At the same time, it is expected that the legislation would reduce interest rates for the government’s debt by 25 basis points to help pay down the national debt.
The bill would also increase the capital stock of the government by $1 trillion over the next decade, according to the House Ways and Means Committee.
As a result, the bill would save Americans $9.7 trillion over 20 years, the House Budget Committee estimated in February.
The savings would come from reducing the debt by $6.3 trillion, or 28 percent.
“The legislation would create and maintain an aggressive and comprehensive financial regulatory regime that ensures taxpayers have access to adequate, timely and affordable financial products and services and that private sector lenders are able to invest in the financial markets and the private sector economy,” the bill says.
However, the legislation does not contain any provisions for reforming the financial sector.
Instead, the committee’s analysis predicted that the bill will add trillions of dollars to the debt and “make the U.S. economy more vulnerable to future shocks.”
The bill’s passage is expected by Republicans.
The Senate passed the bill in May with bipartisan support.
It was then sent to President Donald Trump for his signature.
But in a late-night phone call, Trump threatened to veto the bill if he didn’t get a way to keep it from being approved.
On Tuesday, the White House released a statement saying that the president is supportive of the legislation and hopes to sign it.
“President Trump is committed to protecting the financial stability of the United States and the economy,” White House press secretary Sarah Huckabee Sanders said in a statement.
“He’s confident that the Senate will act quickly and pass this important legislation that will create millions of jobs and rebuild our economy.”