Melvin Luther Watt (born August 26, 1945) is an American politician who served as director of the Federal Housing Finance Agency from 2014 to 2019.
On September 27, 2018, Watt was called to testify before Congress about allegations that he had sexually harassed a female employee at the Federal Housing Finance Agency.
[4] He ended his term as director on January 6, 2019, and issued the following quote: "In my view, it's time for me to ride off into the sunset because the standards have become so confused that it's difficult to operate in them," he said, according to a transcript of his interview with investigators.
[12] He then easily won the general election by defeating Barbara Gore Washington (R) and Curtis Wade Krumel (L) with 70 percent of the vote, becoming the first Democrat to represent a significant portion of Charlotte since 1953.
On May 1, 2013, President Obama announced his intent to nominate Watt to serve as the director of the Federal Housing Finance Agency.
[27] According to Bloomberg News, on October 20, 2009, "The bill, with 308 co-sponsors, has been stripped of provisions that would remove Fed exemptions from audits of transactions with foreign central banks, monetary policy deliberations, transactions made under the direction of the Federal Open Market Committee (FOMC) and communications between the Board, the reserve banks and staff, Paul said today."
Watt won support from Chairman Barney Frank of Massachusetts and the Congressional Black Caucus, both of which backed his amendment.
With pressure from the Congressional Black Caucus to delay consideration of the bill by the full House of Representatives, it is unclear when HR 1207 will face a final vote.
The Sunlight Foundation reported that 45% of Watt's campaign contributions for 2009 are from corporations in the real estate, insurance and finance industries, the seventh-highest percentage of any member of Congress.
[31] Congressman Watt ardently supports the Stop Online Piracy Act, stating that it is "beyond troubling to hear hyperbolic charges that this bill will open the floodgates to government censorship".
On December 9, 2009, Watt held a fundraiser and soon after withdrew a proposal he had introduced to subject auto dealers to more stringent regulations.
The Supreme Court held in Shaw v. Reno that the unusual shape of the district required strict scrutiny of its racial purpose.
Although it is rare for a law to survive strict scrutiny, the districting plan was upheld on remand as "narrowly tailored to further the state's compelling interest in complying with the Voting Rights Act".