Housing: In the U.S. Senate, Obama introduced the STOP FRAUD Act to increase penalties for mortgage
fraud and provide more protections for low-income homebuyers, well before the current subprime crisis began.
Predatory Lending: In the Illinois State Senate, Obama called attention to predatory lending issues.
Obama sponsored legislation to combat predatory payday loans, and he also was credited with lobbying the state to more closely
regulate some of the most egregious predatory lending practices.
American Jobs: Barack Obama introduced the Patriot Employer Act of 2007 to provide a tax credit to companies
that maintain or increase the number of full-time workers in America relative to those outside the US; maintain their corporate
headquarters in America; pay decent wages; prepare workers for retirement; provide health insurance; and support employees
who serve in the military.
