Senators Reed and colleagues reintroduce the Preserving Homes and Communities Act to safeguard homeowners from foreclosure.
Quiver AI Summary
Senators introduce legislation to protect homeowners: U.S. Senators Jack Reed, Tina Smith, Ron Wyden, Jeff Merkley, and Chuck Schumer have reintroduced the Preserving Homes and Communities Act. The bill aims to safeguard homeowners from foreclosure and ensure that homes remain accessible to families and local civic institutions.
Key provisions of the bill: The legislation seeks to reform how Federal Housing Administration (FHA), Fannie Mae, and Freddie Mac manage nonperforming and reperforming loans. It proposes that local governments and nonprofits should have the first opportunity to purchase these loans, bolstering protections against foreclosure for homeowners.
Support and implications: The bill is backed by organizations such as the National Consumer Law Center. Supporters argue it will prevent large institutional investors from profiting at the expense of vulnerable homeowners, while emphasizing the need for strong loss mitigation options for borrowers whose mortgages are involved in note sales.
Disclaimer: This is an AI-generated summary of a press release. The model used to summarize this release may make mistakes. See the full release here.
Jack Reed Fundraising
Jack Reed recently disclosed $447.6K of fundraising in a Q4 FEC disclosure filed on January 30th, 2026. This was the 192nd most from all Q4 reports we have seen this year. 77.9% came from individual donors.
Reed disclosed $142.1K of spending. This was the 532nd most from all Q4 reports we have seen from politicians so far this year.
Reed disclosed $3.2M of cash on hand at the end of the filing period. This was the 113th most from all Q4 reports we have seen this year.
You can see the disclosure here, or track Jack Reed's fundraising on Quiver Quantitative.
Jack Reed Net Worth
Quiver Quantitative estimates that Jack Reed is worth $342.9K, as of February 5th, 2026. This is the 423rd highest net worth in Congress, per our live estimates.
Reed has approximately $286.4K invested in publicly traded assets which Quiver is able to track live.
You can track Jack Reed's net worth on Quiver Quantitative's politician page for Reed.
Jack Reed Bill Proposals
Here are some bills which have recently been proposed by Jack Reed:
- S.3561: Buy Now, Pay Later Protection Act of 2025
- S.3403: Building Resilience and Stronger Communities Act
- S.3365: Right to Read Act of 2025
- S.3055: Corporate Governance Fairness Act
- S.2920: Stronger Enforcement of Civil Penalties Act of 2025
- S.2919: PCAOB Enforcement Transparency Act of 2025
You can track bills proposed by Jack Reed on Quiver Quantitative's politician page for Reed.
2026 Rhode Island US Senate Election
There has been approximately $6,010,601 of spending in Rhode Island US Senate elections over the last two years, per our estimates.
Approximately $727,647 of this has been from outside spending by PACs and Super PACs.
The rating for this race is currently "Solid D".
You can track this election on our matchup page for the 2026 Rhode Island US Senate election.
