legislation
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181 rows where congress = 112 and policy_area = "Housing and Community Development" sorted by introduced_date descending
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| bill_id | congress | bill_type | bill_number | title | policy_area | introduced_date ▲ | latest_action_date | latest_action_text | origin_chamber | sponsor_name | sponsor_state | sponsor_party | sponsor_bioguide_id | cosponsor_count | summary_text | update_date | url |
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| 112-hr-6694 | 112 | hr | 6694 | To amend the definition of mortgage originator under the Dodd-Frank Wall Street Reform and Consumer Protection Act to include certain employees of a retailer of manufactured homes. | Housing and Community Development | 2012-12-20 | 2012-12-21 | Sponsor introductory remarks on measure. (CR E1987-1988) | House | Rep. Fincher, Stephen Lee [R-TN-8] | TN | R | F000458 | 0 | Amends the Mortgage Reform and Anti-Predatory Lending Act, title XIV of the Dodd-Frank Wall Street Reform and Consumer Protection Act, to reverse the exclusion from treatment as a mortgage originator, and recognize as a mortgage originator, an employee of a retailer of manufactured homes who receives compensation or gain for taking a residential mortgage loan application, assisting a consumer in obtaining or applying to obtain a residential mortgage loan, or offering or negotiating the terms of such a loan, if the compensation or gain exceeds that received in a comparable cash transaction. | 2019-11-15T20:53:14Z | |
| 112-s-3678 | 112 | s | 3678 | FHA Emergency Fiscal Solvency Act of 2012 | Housing and Community Development | 2012-12-13 | 2012-12-13 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Toomey, Patrick [R-PA] | PA | R | T000461 | 3 | FHA Emergency Fiscal Solvency Act of 2012 - Amends the National Housing Act (NHA) to direct the Secretary of Housing and Urban Development (HUD) (who currently is authorized) to establish and collect additional annual premium payments for the first 11 years of the term of an insured mortgage in an amount between 0.55% and 2% of the remaining insured principal balance (with certain adjustments) for certain periods. Increases from 1.55% to 2.05% the 30-year annual premium for an insured mortgage whose original principal obligation exceeds 95% of the remaining principal balance. Revises conditions for the Secretary's exercise of authority to require indemnification for an insurance loss claim paid on a mortgage insured by a mortgagee to which the Secretary delegated insuring authority. Extends the Secretary's authority to require such an indemnification to a mortgage executed by a mortgagee approved under the direct endorsement program. Revises the conditions invoking indemnification authority to cover a circumstance where the mortgagee knew, or should have known, of a serious or material violation of the pertinent mortgage requirements, regardless of whether the violation caused the mortgage default. Makes similar revisions to the Secretary's indemnification authority in the circumstance where fraud or misrepresentation was involved in connection with the origination or underwriting and the mortgagee knew or should have known about it. Directs the Secretary to establish a process for mortgagees to appeal indemnification determinations. Directs the Secretary to establish a program to: (1) review the cause of each early period delinquency on a mortgage that is an obligation of the Mutual Mortgage Insurance Fund (Fund); (2) require indemnification of the Secretary for a loss associated with any such delinquency that results from a material violation of any guideline established or promulgated under NHA; and (3) report publicly a summary of the results of all early period reviewed delinquencies, any indemnifications re… | 2021-12-20T13:53:45Z | |
| 112-hres-806 | 112 | hres | 806 | Expressing the sense of the House of Representatives regarding the recognition of homelessness in the United States. | Housing and Community Development | 2012-10-02 | 2012-10-23 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Bartlett, Roscoe G. [R-MD-6] | MD | R | B000208 | 0 | Expresses the sense of the House of Representatives that: (1) public and private institutions should continue to work together to eliminate homelessness, and (2) the federal government should recognize the outstanding efforts of institutions and individuals who work tirelessly to assist those in their community who suffer from it. | 2019-11-15T20:53:13Z | |
| 112-hr-6467 | 112 | hr | 6467 | Rebuilding Equity Act of 2012 | Housing and Community Development | 2012-09-20 | 2012-10-23 | Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. | House | Rep. Langevin, James R. [D-RI-2] | RI | D | L000559 | 7 | Rebuilding Equity Act of 2012 - Requires the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) each to establish a voluntary program for eligible borrowers who qualify for the Home Affordable Refinance Program carried out by the GSEs, under which the GSEs shall pay up to $1,000 of the closing costs associated with applying for and receiving refinancing when the borrower agrees to refinance a 30-year mortgage loan into a fully amortizing loan with a term of not longer than 20 years. Requires the subject property to have a loan-to-value ratio of not less than 105%. | 2019-11-15T20:54:05Z | |
| 112-s-3583 | 112 | s | 3583 | Community Parks Revitalization Act | Housing and Community Development | 2012-09-20 | 2012-09-20 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S6549-6552) | Senate | Sen. Hagan, Kay R. [D-NC] | NC | D | H001049 | 2 | Community Parks Revitalization Act - Requires the Secretary of Housing and Urban Development (HUD) to promulgate regulations establishing a community revitalization program to provide federal grants to eligible local governments for various park and recreation purposes, including grants for rehabilitation and construction, innovation and recreation programming, and recovery action programs. Authorizes the Secretary to designate local governments in standard metropolitan statistical areas not meeting program eligibility requirements to receive such grants, out of up to 15% of funds appropriated for them, under a partial eligibility waiver. Authorizes the Secretary, upon approval of an application by the chief executive of an eligible applicant, to provide 70% matching rehabilitation and construction, and innovation and recreation program grants directly to such applicant. Allows a recipient, at its discretion, to transfer a grant in whole or in part to private nonprofit agencies for recreational areas and facilities they own or operate which offer recreational opportunities to the general population. Requires an applicant, for project approval, to submit to the Secretary evidence of its commitment to ongoing planning, rehabilitation, service, operation, and maintenance programs for its park and recreation systems, expressed in a five-year local park and recreation recovery action program. Prescribes requirements for the five-year park and recreation recovery action program under an at-risk youth recreation grant. Authorizes the Secretary to increase all grants to a state under this Act by up to 15% (but not more than 85%) of total project or program cost. Prohibits the conversion, without HUD approval, of any property improved or developed with assistance under this Act for uses other than for public recreation. Limits to 10% the use of funds appropriated for rehabilitation and construction grants for acquisition of land or interests in land. | 2019-02-20T23:43:53Z | |
| 112-hr-6416 | 112 | hr | 6416 | Rural Housing Preservation Act of 2012 | Housing and Community Development | 2012-09-14 | 2012-10-01 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Fortenberry, Jeff [R-NE-1] | NE | R | F000449 | 9 | Rural Housing Preservation Act of 2012 - Amends the Housing Act of 1949 to extend the requirements for consideration as rural areas with respect to assistance for farm housing. Makes any area eligible for rural housing programs authorized under the Act on June 30, 2012, eligible for such programs through FY2013. | 2019-11-15T20:53:13Z | |
| 112-hr-6428 | 112 | hr | 6428 | Responsible Homeowner Refinancing Act of 2012 | Housing and Community Development | 2012-09-14 | 2012-10-01 | Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. | House | Rep. Welch, Peter [D-VT-At Large] | VT | D | W000800 | 12 | Responsible Homeowner Refinancing Act of 2012 - Requires the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs), in carrying out the Home Affordable Refinance Program, to adopt specified criteria pertaining to: (1) borrower eligibility, (2) representations and warranties, (3) prohibition on up-front fees, (4) alternative streamlined methods to determine the value of a property, (5) the purchase or guarantee of any new mortgage resulting from the refinancing of an eligible mortgage, and (6) guarantee fees. Requires the GSEs to notify all borrowers with a mortgage owned or guaranteed by a GSE about the Program and its eligibility criteria, and inform borrowers of the website required below. Directs the Director of the Federal Housing Finance Agency (FHFA) to establish a single website where borrowers may: (1) determine their potential eligibility for participation in the Program, (2) see a complete list of and links to qualified lenders, (3) use a mortgage refinance calculator to calculate potential payment savings based on different interest rates, and (4) obtain tips on refinancing their loan. Directs the Director of FHFA to issue guidance to require the GSEs to make their refinancing guidelines consistent to ease the compliance requirements of qualified lenders, and in particular with respect to loans with less than 80% loan-to-value ratio and closing cost policies of the GSEs, which regulations or guidance shall be put into effect not later than 90 days after the enactment of this Acts. | 2019-11-15T20:54:05Z | |
| 112-hr-6394 | 112 | hr | 6394 | Affordable Housing Regulation Simplification Act of 2012 | Housing and Community Development | 2012-09-13 | 2012-10-01 | Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. | House | Rep. Polis, Jared [D-CO-2] | CO | D | P000598 | 2 | Affordable Housing Regulation Simplification Act of 2012 - Amends the Federal National Mortgage Association Charter Act to authorize the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation Act to authorize the Federal Home Loan Mortgage Corporation (Freddie Mac), to purchase, service, sell, lend on the security of, and otherwise deal in affordable workforce housing mortgages for one-family residences: (1) that shall be used as the mortgagor's residence at least 8 of any 12 months and 240 days of any 365 days; (2) located within, or are part of, a multifamily housing development meeting certain requirements; and (3) located in a high tourism area. Prescribes mortgagor income and employment criteria. Exempts such mortgages from any requirements and guidelines of such government sponsored entities (also known as GSEs) that are inconsistent with such authority. Limits the application of this Act to such mortgages in a high tourism area. Amends the National Housing Act to authorize the Secretary of Housing and Urban Development (HUD) to insure any affordable workforce housing mortgage meeting certain requirements. Requires the Secretary of HUD to provide a spot approval process for insurance of condominium unit mortgages that does not require prior approval of the entire project or of the homeowners association for the entire project. Directs the Secretary of Commerce to determine high tourism areas. | 2019-11-15T21:19:27Z | |
| 112-hr-6395 | 112 | hr | 6395 | Foreclosure Accountability and Transparency Act | Housing and Community Development | 2012-09-13 | 2012-10-01 | Referred to the Subcommittee on Financial Institutions and Consumer Credit. | House | Rep. Baca, Joe [D-CA-43] | CA | D | B001234 | 0 | Foreclosure Accountability and Transparency Act - Prohibits commencement of a foreclosure action with respect to a federally related residential mortgage loan secured by a first or subordinate lien unless the person commencing the foreclosure complies with specified requirements pertaining to borrower: (1) notification, (2) assistance obtained from a Department of Housing and Urban Development (HUD)-approved housing counseling agency, and (3) application for loan modification or commencement of an alternative to foreclosure. Makes a violation of this Act a bar to a foreclosure action. Requires the person who commenced a foreclosure action, at the completion of such action, to certify that all federal, state, and local laws and regulations were followed and submit all applicable documentation in connection with such action to: (1) the borrower who was a party to the foreclosure action, (2) the recorder's office in the muncipality where the property securing the loan in connection with the covered residential mortgage is located, and (3) the Secretary of HUD. | 2019-11-15T20:54:36Z | |
| 112-hr-6397 | 112 | hr | 6397 | Defending American Taxpayers From Abusive Government Takings Act of 2012 | Housing and Community Development | 2012-09-13 | 2012-10-01 | Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. | House | Rep. Campbell, John [R-CA-48] | CA | R | C001064 | 11 | Defending American Taxpayers From Abusive Government Takings Act of 2012 - Amends the Federal National Mortgage Association Charter Act to prohibit the Federal National Mortgage Association (Fannie Mae) from purchasing any mortgage secured by a structure or dwelling unit located within a county that contains any structure or dwelling unit that secures or secured a residential mortgage loan that the state or any territory, including any agency or political subdivision, obtained during the preceding 120 months by eminent domain. Amends the Federal Home Loan Mortgage Corporation Act to prohibit the Federal Home Loan Mortgage Corporation (Freddie Mac) from doing the same. Amends the National Housing Act to prohibit the Secretary of Housing and Urban Development (HUD) from newly insuring any mortgage secured by a structure or dwelling unit located in such a county. Prohibits the Secretary from guaranteeing, making, or insuring a housing or small business loan for a residence located in such a county. | 2019-11-15T21:41:34Z | |
| 112-s-3538 | 112 | s | 3538 | Small Public Housing Agency Opportunity Act of 2012 | Housing and Community Development | 2012-09-13 | 2012-09-13 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Johanns, Mike [R-NE] | NE | R | J000291 | 2 | Small Public Housing Agency Opportunity Act of 2012 - Amends the United States Housing Act of 1937 to subject a small public housing agency (PHA) to the same requirements as a PHA. Defines a small PHA as a PHA for which the sum of the number of public housing dwelling units and the number of vouchers under Section 8 (tenant-based assistance) it administers is 550 or fewer. Requires the Secretary of Housing and Urban Development (HUD) to: provide for physical inspections of a small PHA public housing project at least once every three years, unless it is a troubled small PHA; determine the financial condition of a small PHA's public housing program solely on the basis of the ratio of current assets to current liabilities; and determine management condition of a small PHA's public housing program solely on the basis of the ratio of vacant unit months to eligible unit months. Requires a small PHA administering Section 8 tenant-based assistance under the housing voucher program to make physical inspections of assisted units at least once every three years. Requires HUD to evaluate the management of a small PHA's voucher program solely on the basis of its lease-up rate or the budget utilization rate. Directs HUD to designate a small PHA as a high-performing agency if it exceeds acceptability criteria. Specifies conditions under which HUD may designate a small PHA as a troubled small PHA with respect to its public housing program or housing voucher program. Requires HUD to establish an appeals process for a small PHA to dispute a determination of deficiency. Requires HUD and the small PHA to enter into a one-year corrective action agreement (renewable at HUD option) under which the small PHA shall undertake actions to correct deficiencies. Prescribes and/or revises requirements to reduce the administrative burden on small PHAs with respect to: certain reports; community service; economic opportunities for low- and very low-income persons; exemption of a small PHA administering not more than 400 public housing dwell… | 2019-02-20T23:43:29Z | |
| 112-s-3541 | 112 | s | 3541 | A bill to amend section 520 of the Housing Act of 1949 to revise the census data and population requirements for areas to be considered as rural areas for purposes of such Act. | Housing and Community Development | 2012-09-13 | 2012-09-13 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Nelson, Ben [D-NE] | NE | D | N000180 | 5 | Amends the Housing Act of 1949 to extend certain requirements for consideration as a rural area with respect to assistance for farm housing. Declares that any area classified as "rural" or a "rural area" before October 1, 1990, and determined not to be one as a result of data received from or after the 2010 decennial census, and any area deemed to be a "rural area" for purposes of the Act under any other provision of law at any time between January 1, 2000, and December 31, 2010, shall continue to be so classified until the receipt of data from the decennial census in the year 2020, if that area has a population of between 10,000 and 35,000 (currently, between 10,000 and 25,000), is rural in character, and has a serious lack of mortgage credit for lower and moderate-income families. | 2019-02-20T23:43:30Z | |
| 112-hr-6361 | 112 | hr | 6361 | Vulnerable Veterans Housing Reform Act of 2012 | Housing and Community Development | 2012-09-10 | 2012-09-20 | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | House | Rep. Heck, Joseph J. [R-NV-3] | NV | R | H001055 | 7 | Vulnerable Veterans Housing Reform Act of 2012 - Amends the United States Housing Act of 1937 to exclude as family income for Department of Housing and Urban Development (HUD) housing assistance purposes any Department of Veterans Affairs (VA) payments made to veterans in need of regular aid and attendance for expenses related to such aid and attendance. Prohibits, in determining the monthly rental assistance payment for low-income families, the amount for tenant-paid utilities from exceeding the appropriate utility allowance for that family unit size as determined by the public housing agency (agency), regardless of the size of the unit leased by the family. Requires the agency, upon request by a family that includes a person with disabilities, an elderly family, or a family that includes a person less than 18 years old, to approve a higher utility, except that, in the case of a family with a disabled person, the agency shall approve the higher amount only when needed as a reasonable accommodation to make the unit accessible to and usable by that person. Directs the HUD Secretary to regularly publish data regarding local utility consumption and costs in order to establish appropriate allowances for tenant-paid utilities for assisted families. Directs the VA Secretary to establish a pilot program to award grants to nonprofit organizations that primarily serve veterans or low-income individuals. Requires such grants to be used to rehabilitate and modify the primary residence of disabled or low-income veterans. Limits grant amounts to $1 million per organization. Requires such Secretary to direct the oversight of grant fund use. Requires a minimum of 50% matching funds by participating organizations. Requires an annual pilot program report from such Secretary to Congress. Authorizes appropriations. | 2022-03-01T06:43:08Z | |
| 112-hr-6366 | 112 | hr | 6366 | Flexible Refinancing for American Families Act of 2012 | Housing and Community Development | 2012-09-10 | 2012-10-01 | Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. | House | Rep. Baca, Joe [D-CA-43] | CA | D | B001234 | 0 | Flexible Refinancing for American Families Act of 2012 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs) each to carry out a one-year program providing for the refinancing of qualified single-family housing mortgages it owns through a refinancing mortgage having a 50-year term (and for the purchase of and securitization of such refinancing mortgages) in accordance with this Act and the policies and procedures that the Director of the Federal Housing Finance Agency shall establish. Permits the mortgagee, however, upon written 90-day advance notice to the mortgagor, to require payment in full of a 50-year mortgage only 30 years after the beginning of its amortization. Defines a qualified mortgage as one, regardless of whether the mortgagor is current on payments due or in default, that: (1) is an existing first mortgage for purchase of, or refinancing another first mortgage on, a one- to four-family dwelling, including a condominium or a share in a cooperative ownership housing association, that is occupied by the mortgagor as principal residence; (2) is owned or guaranteed by the particular GSE; and (3) was originated on or before enactment of this Act. Specifies the terms and conditions of a refinancing mortgage, including a 50-year term to maturity and a prohibition on borrower fees. Requires waiver or forgiveness of all fees and penalties related to any default or delinquency on the original mortgage. Requires a GSE to pay a fee of up to $1,000 to the servicer of a qualified mortgage refinance. Prohibits any requirement of a property appraisal. | 2019-11-15T20:54:05Z | |
| 112-s-3522 | 112 | s | 3522 | Responsible Homeowner Refinancing Act of 2012 | Housing and Community Development | 2012-09-10 | 2012-09-11 | Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 503. | Senate | Sen. Menendez, Robert [D-NJ] | NJ | D | M000639 | 22 | Responsible Homeowner Refinancing Act of 2012 - Requires the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs), in carrying out the Home Affordable Refinance Program, to adopt specified criteria pertaining to: (1) borrower eligibility, (2) representations and warranties, (3) prohibition on up-front fees, (4) alternative streamlined methods to determine the value of a property, (5) the purchase or guarantee of any new mortgage resulting from the refinancing of an eligible mortgage, and (6) guarantee fees. Requires the GSEs to notify all borrowers with a mortgage owned or guaranteed by a GSE about the Program and its eligibility criteria, and inform borrowers of the website required below. Directs the Director of the Federal Housing Finance Agency (FHFA) to establish a single website where borrowers may: (1) determine their potential eligibility for participation in the Program, (2) see a complete list of and links to qualified lenders, (3) use a mortgage refinance calculator to calculate potential payment savings based on different interest rates, and (4) obtain tips on refinancing their loan. Directs the Director of FHFA to issue guidance to require the GSEs to make their refinancing guidelines consistent to ease the compliance requirements of qualified lenders, and in particular with respect to loans with less than 80% loan-to-value ratio and closing cost policies of the GSEs, which regulations or guidance shall be put into effect not later than 90 days after the enactment of this Acts. | 2019-02-20T23:43:06Z | |
| 112-hr-6298 | 112 | hr | 6298 | Stop Tenant Organizing Promotion Act | Housing and Community Development | 2012-08-02 | 2012-10-01 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Black, Diane [R-TN-6] | TN | R | B001273 | 1 | Stop Tenant Organizing Promotion Act - Prohibits the Secretary of Housing and Urban Development (HUD) from carrying out, supporting, or otherwise providing any assistance to the Tenant Resource Network Program authorized under the Department of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1998. Amends the Act to repeal the Secretary's authority to provide funding for the Program. Prohibits the obligation or expenditure of any funds currently allocated under the Program. Requires the funds to be covered into the General Fund of the Treasury and used only for reducing the federal budget deficit. | 2019-11-15T20:53:12Z | |
| 112-hr-6337 | 112 | hr | 6337 | To amend the Interstate Land Sales Full Disclosure Act to clarify how the Act applies to condominiums. | Housing and Community Development | 2012-08-02 | 2012-10-01 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Maloney, Carolyn B. [D-NY-14] | NY | D | M000087 | 3 | Amends the Interstate Land Sales Full Disclosure Act to exempt from certain registration and disclosure requirements the sale or lease of a condominium unit not already exempt from coverage under such Act. | 2019-11-15T20:53:15Z | |
| 112-s-3484 | 112 | s | 3484 | Preserving Access to Manufactured Housing Act | Housing and Community Development | 2012-08-02 | 2012-08-02 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Brown, Sherrod [D-OH] | OH | D | B000944 | 1 | Preserving Access to Manufactured Housing Act - Amends the S.A.F.E. Mortgage Licensing Act of 2008 to exclude a seller of manufactured homes from the definition of loan originator subject to such Act, unless such individual or entity is engaged in the business of a loan originator or receives compensation or gain for engaging in certain residential mortgage loan activities in excess of any compensation or gain received in a comparable cash transaction. Amends the Truth in Lending Act to revise the definition of "high cost mortgage." | 2019-02-20T23:42:51Z | |
| 112-s-3499 | 112 | s | 3499 | A bill to amend the Interstate Land Sales Full Disclosure Act to clarify how the Act applies to condominiums. | Housing and Community Development | 2012-08-02 | 2012-08-02 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Schumer, Charles E. [D-NY] | NY | D | S000148 | 1 | Amends the Interstate Land Sales Full Disclosure Act to exempt from certain registration and disclosure requirements the sale or lease of a condominium unit not already exempt from coverage under such Act. | 2019-02-20T23:42:57Z | |
| 112-s-3513 | 112 | s | 3513 | Family Self-Sufficiency Act | Housing and Community Development | 2012-08-02 | 2012-08-02 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Reed, Jack [D-RI] | RI | D | R000122 | 0 | Family Self-Sufficiency Act - Amends the United States Housing Act of 1937 to revise the purpose of the Family-Self-Sufficiency (FSS) program to include the use of both low-income housing assistance under Section 8 of such Act (as in current law) and public housing capital and operating funds under Section 9 in order to enable eligible families to achieve economic independence and self-sufficiency. Eliminates the budget allocation reserved for public housing agency (PHA) incentive awards. Prescribes and/or revises eligibility requirements for families to participate in local FSS programs and for the eligible entities to administer them. Makes the owner or sponsor of a multifamily property receiving rental assistance under Section 8, as well as a PHA, an eligible entity for administering a local FSS program. Revises the scope of supportive services provided through a local FSS program under a contract of participation between an eligible entity and a leaseholder receiving assistance under Sections 8 or 9 to include: (1) education for attainment of a GED, (2) education in pursuit of a post-secondary degree or certification, (3) health and mental health services as needed, (4) homeownership education and assistance, and (5) financial literacy. Removes training in homemaking and parenting skills from the list of authorized supportive services. Revises requirements for and limitations on rent increases. Requires an eligible entity to place in an interest-bearing escrow account, for each participating family, an amount equal to any increase in rent the family pays. Requires payment of the escrow account funds to the family after the end of the contract of participation, unless the family fails to qualify to receive it. Modifies requirements for the establishment of fees for costs incurred by eligible entities administering FSS programs. Authorizes owners of privately-owned properties, under specified conditions, voluntarily to make local FSS programs available to their tenants by entering into cooperative agreements wi… | 2019-02-20T23:43:02Z | |
| 112-s-3520 | 112 | s | 3520 | Rebuilding Equity Act of 2012 | Housing and Community Development | 2012-08-02 | 2012-08-02 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Merkley, Jeff [D-OR] | OR | D | M001176 | 9 | Rebuilding Equity Act of 2012 - Requires the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) each to establish a voluntary program for eligible borrowers who qualify for the Home Affordable Refinance Program carried out by the GSEs, under which the GSEs shall pay up to $1,000 of the closing costs associated with applying for and receiving refinancing when the borrower agrees to refinance a 30-year mortgage loan into a fully amortizing loan with a term of not longer than 20 years. Requires the subject property to have a loan-to-value ratio of not less than 105%. | 2019-02-20T23:43:05Z | |
| 112-hr-6203 | 112 | hr | 6203 | Protect Our Schools from Tax Delinquents Act of 2012 | Housing and Community Development | 2012-07-25 | 2012-10-01 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Meehan, Patrick [R-PA-7] | PA | R | M001181 | 5 | Protect Our Schools from Tax Delinquents Act of 2012 - Amends the United States Housing Act of 1937 to require that each housing assistance payments contract entered into under the Section 8 rental assistance voucher program by a public housing agency (PHA) and the owner of a dwelling unit provide that such owner pay, on a timely basis, all covered taxes validly assessed against the property in which the unit is located. Defines "covered taxes" as any tax under state or local law assessed upon real property or the revenue of which is dedicated for use only for schools or for costs of education. Allows a contract to provide that, upon notification and identification of a tax delinquency by a taxing authority, the PHA shall abate all of the rental assistance amounts for the property, transferring them monthly to the taxing authority, until the delinquency is eliminated. Declares that nothing in this Act may be construed to authorize, or establish any cause or grounds for, the termination of the tenancy of any tenant from any dwelling unit assisted under the rental assistance voucher program. Requires the Secretary of Housing and Urban Development (HUD) to maintain a database of information regarding owners of dwelling units: (1) assisted under the program whose housing assistance payments contracts have been terminated for noncompliance with the requirements of this Act, and (2) with respect to whom assistance amounts have been abated and transferred to a taxing authority. | 2019-11-15T21:00:59Z | |
| 112-hr-6153 | 112 | hr | 6153 | Fast Help For Homeowners Act | Housing and Community Development | 2012-07-19 | 2012-10-01 | Referred to the Subcommittee on Financial Institutions and Consumer Credit. | House | Rep. McNerney, Jerry [D-CA-11] | CA | D | M001166 | 7 | Fast Help For Homeowners Act - Amends the Truth in Lending Act to require the servicer of a federally related mortgage, upon request by the mortgagor for a short sale of the dwelling or residential real property under the mortgage, to notify in writing each holder of a subordinate lien on the property securing the loan of such request, together with a copy of it. Requires a subordinate lien holder that is so notified to respond in writing to the servicer within 45 days after receiving the notification. Considers the request approved by the holder if the holder does not respond within the 45 days. | 2019-11-15T21:01:01Z | |
| 112-hr-6158 | 112 | hr | 6158 | Protecting Independence in the Education of Loan Originators Act of 2012 | Housing and Community Development | 2012-07-19 | 2012-10-01 | Referred to the Subcommittee on Financial Institutions and Consumer Credit. | House | Rep. Miller, Gary G. [R-CA-42] | CA | R | M001139 | 0 | Protecting Independence in the Education of Loan Originators Act of 2012 - Amends the S.A.F.E. Mortgage Licensing Act of 2008 to prohibit the courses offered by lenders for their own employees from satisfying the pre-licensing education or continuing education requirement. | 2019-11-15T21:01:02Z | |
| 112-s-3283 | 112 | s | 3283 | Ending Housing Discrimination Against Servicemembers and Veterans Act of 2012 | Housing and Community Development | 2012-06-11 | 2012-06-11 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Brown, Scott P. [R-MA] | MA | R | B001268 | 0 | Ending Housing Discrimination Against Servicemembers and Veterans Act of 2012 - Amends the Fair Housing Act to prohibit housing discrimination against servicemembers or veterans with respect to: (1) the sale or rental of housing, (2) residential real estate-related transactions, and (3) the provision of brokerage services. Prohibits religious organizations engaging in housing transactions from giving preferences to persons of the same religion in cases where membership in such religion is restricted to persons who are not members of the uniformed services. Amends the Civil Rights Act of 1968 to impose a fine, imprisonment, or both on persons who violate prohibitions on housing discrimination under such Act against members of the uniformed services. | 2022-02-03T05:53:22Z | |
| 112-hr-5940 | 112 | hr | 5940 | Preserving American Homeownership Act of 2012 | Housing and Community Development | 2012-06-08 | 2012-07-11 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Peters, Gary C. [D-MI-9] | MI | D | P000595 | 2 | Preserving American Homeownership Act of 2012 - Requires the Director of the Federal Housing Finance Agency and the Federal Housing Commissioner each to establish a pilot program to encourage, through assistance provided under the Home Affordable Modification Program (HAMP) under the Secretary of the Treasury's Making Home Affordable initiative, the use of shared appreciation mortgage modifications that: (1) are designed to return greater cash flow to investors than other loss-mitigation activities, including foreclosure; and (2) result in positive net present value for the investor. Requires a shared appreciation mortgage modification to: (1) reduce by specified action the loan-to-value ratio of a covered mortgage to 115% immediately upon modification and to 95% within 3 years; (2) reduce the interest rate if such a principal reduction would not result in an affordable reduced monthly payment; (3) reduce to a specified amount any periodic payment the homeowner is required to make; (4) require the homeowner to pay the investor, after refinancing or selling the real property securing a covered mortgage, up to 50% of the amount of any increase in the value of the real property during a specified period; and (5) result in a positive net present value for the investor after taking into account the principal reduction and, if necessary, any interest rate reduction. Requires the Director to: (1) provide that an enterprise may negotiate regarding a shared appreciation mortgage modification of a covered mortgage with any mortgage insurance provider for a mortgage on the subject property, and (2) allow advanced claim agreements with respect to such mortgage insurance policies. | 2019-11-15T21:00:57Z | |
| 112-s-3278 | 112 | s | 3278 | Rural Educator and American Community Housing Act of 2012 | Housing and Community Development | 2012-06-07 | 2012-06-07 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Begich, Mark [D-AK] | AK | D | B001265 | 0 | Rural Educator and American Community Housing Act of 2012 - Amends the Consolidated Farm and Rural Development Act to authorize the Secretary of Housing and Urban Development (HUD) to provide grants, loan guarantees, or other financial mechanisms to eligible educators, medical providers, and public safety officers to carry out a qualified project in a qualified community. Defines a "qualified project" as: (1) the construction, modernization, renovation, or repair of qualified housing for such eligible individuals; (2) the payment of interest on bonds or other financing instruments (except refinancing instruments) issued for such activities; or (3) the repayment of a loan used for such construction and so forth, or to purchase or lease real property for qualified housing purposes. Defines a "qualified community" as any open country, or any place, town, village, or city that is not part of or associated with an urban area and that has a population between 2,500 to 10,000, and is not accessible by a motor vehicle. Authorizes the State Director of Rural Development for a state to evaluate for the Secretary any application for a qualified project in the state. Requires the Secretary to take the evaluation into consideration in determining whether to provide such assistance. Requires the Secretary to give priority to: (1) a state education agency (SEA) or local educational agency (LEA), (2) a state or local housing authority, (3) an Indian tribe or tribal organization, (4) a tribally designated housing entity, (5) a local government, or (6) a consortium of any such entities. | 2019-02-20T23:39:48Z | |
| 112-sres-483 | 112 | sres | 483 | A resolution commending efforts to promote and enhance public safety on the need for yellow corrugated stainless steel tubing bonding. | Housing and Community Development | 2012-06-06 | 2012-07-17 | Resolution agreed to in Senate without amendment and with a preamble by Unanimous Consent. (text: CR S5090) | Senate | Sen. Pryor, Mark L. [D-AR] | AR | D | P000590 | 1 | (This measure has not been amended since it was introduced. The summary of that version is repeated here.) Commends efforts to promote and enhance public safety and consumer awareness on the proper bonding of yellow corrugated stainless steel tubing (CSST), as defined in the National Fire Protection Association Code. Encourages further educational efforts for the public, relevant building and housing officials, consumers, homeowners, and construction professionals on the need to properly bond yellow CSST retroactively and moving forward in houses that contain the product. | 2022-02-03T05:54:27Z | |
| 112-hr-5884 | 112 | hr | 5884 | Homeownership Preservation Education Act of 2012 | Housing and Community Development | 2012-06-01 | 2012-07-11 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Bass, Karen [D-CA-33] | CA | D | B001270 | 2 | Homeownership Preservation Education Act of 2012 - Directs the Secretary of Housing and Urban Development (HUD) to carry out a pilot program to evaluate the effectiveness, in reducing defaults on residential mortgages, of reducing up-front premiums for mortgage insurance made available by the Secretary pursuant to the National Housing Act for first-time homebuyers who complete a homeownership counseling program providing for one-on-one prepurchase counseling. Requires reduced premiums for mortgages secured by a 1- to 4-family dwelling that is an obligation of the Mutual Mortgage Insurance Fund for a first-time homebuyer who completes a HUD-approved program of counseling on the responsibilities and financial management involved in homeownership that provides for one-on-one prepurchase counseling of the homebuyer by a HUD-approved nonprofit housing counseling agency. | 2019-11-15T21:01:01Z | |
| 112-hr-5823 | 112 | hr | 5823 | Saving Taxpayers from Unnecessary GSE Bulk Sale Programs Act of 2012 | Housing and Community Development | 2012-05-17 | 2012-07-11 | Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. | House | Rep. Miller, Gary G. [R-CA-42] | CA | R | M001139 | 10 | Saving Taxpayers from Unnecessary GSE Bulk Sale Programs Act of 2012 - Prohibits the Director of the Federal Housing Finance Agency from: (1) disposing of any real estate owned by it, by the Federal National Mortgage Association (Fannie Mae), or by the Federal Home Loan Mortgage Corporation (Freddie Mac) located in California under any initiative for bulk sales of such real estate; and (2) carrying out such initiative. | 2019-11-15T21:00:57Z | |
| 112-hr-5781 | 112 | hr | 5781 | Inclusive Home Design Act of 2012 | Housing and Community Development | 2012-05-16 | 2012-06-01 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Schakowsky, Janice D. [D-IL-9] | IL | D | S001145 | 12 | Inclusive Home Design Act of 2012 - Requires, with exceptions, newly constructed, federally assisted single family houses and town houses to include at least one level that complies with the following accessibility features for persons with disabilities: (1) accessible entrance, (2) accessible interior doors, (3) accessible environmental controls, and (4) accessible habitable space and an accessible bathroom. Requires: (1) each applicant for federal financial assistance to submit compliance assurances to the relevant federal agency, and (2) each person who arranges for design or construction of a covered dwelling to submit architectural and construction plans for state or local approval. Prohibits federal financial assistance to a state or local government unit unless the recipient is taking certain enforcement actions with regard to covered dwellings. Permits: (1) private civil actions in a U.S. district court or state court for violations of this Act, and (2) the Attorney General to commence civil actions or intervene in civil actions under this Act. | 2023-01-11T13:23:02Z | |
| 112-s-3177 | 112 | s | 3177 | SOLD Act | Housing and Community Development | 2012-05-15 | 2012-05-15 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Heller, Dean [R-NV] | NV | R | H001041 | 0 | Stopping Ongoing Lender Delays Act or SOLD Act - Amends the Truth in Lending Act to require each servicer of a home mortgage to respond in writing within 30 days to a mortgagor of a residential mortgage loan who hasrequested in writing a short sale of the dwelling or residential real property that is subject to the mortgage, deed of trust, or other security interest securing the mortgage loan. Authorizes an aggrieved individual to bring a civil action for damages and equitable relief for any violation of this Act. Declares this Act inapplicable to certain residential mortgages entered into before its enactment whose mortgage agreements explicitly provide a procedure or terms for a short sale approval. | 2019-02-20T23:32:36Z | |
| 112-s-3085 | 112 | s | 3085 | Responsible Homeowners Refinancing Act of 2012 | Housing and Community Development | 2012-05-10 | 2012-05-24 | Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-709. | Senate | Sen. Menendez, Robert [D-NJ] | NJ | D | M000639 | 14 | Responsible Homeowners Refinancing Act of 2012 - Requires the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs), in carrying out the Home Affordable Refinance Program, to adopt specified criteria pertaining to: (1) borrower eligibility, (2) representations and warranties, (3) prohibition on up-front fees, (4) alternative streamlined methods to appraise the value of a property, (5) an administrative penalty for lien-holder refusal to resubordinate junior liens, (6) carryover of mortgage insurance, and (7) guarantee fees. Requires the GSE to notify all borrowers with a mortgage owned or guaranteed by a GSE about the Program and its eligibility criteria, and inform borrowers of the website required below. Directs the Director of the Federal Housing Finance Agency (FHFA) to establish a single website where borrowers may: (1) determine their potential eligibility for participation in the Program, (2) see a complete list of and links to participating lenders, (3) use a mortgage refinance calculator to calculate potential payment savings based on different interest rates, and (4) obtain tips on refinancing their loan. Directs the FHFA to issue guidelines to require the GSEs to make their refinancing guidelines consistent to ease lender compliance requirements, particularly with respect to: (1) loans with less than an 80% loan-to-value ratio, and (2) GSE closing cost policies. | 2019-02-20T23:32:09Z | |
| 112-s-3047 | 112 | s | 3047 | Expanding Refinancing Opportunities Act of 2012 | Housing and Community Development | 2012-05-09 | 2012-05-09 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Feinstein, Dianne [D-CA] | CA | D | F000062 | 0 | Expanding Refinancing Opportunities Act of 2012 - Amends the National Housing Act to authorize the Secretary of Housing and Urban Development (HUD) to insure or commit to insure any mortgage made to refinance an eligible mortgage. Defines "eligible mortgage" as one that: (1) is not guaranteed by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation) (Freddie Mac) (government sponsored enterprises or GSEs), (2) is collateralized by an owner-occupied residence, (3) involves a principal obligation that does not exceed 140% of the value of the property collateralizing the mortgage or the HUD-insured loan limits in effect, and (4) was executed by a mortgagor meeting certain criteria. Establishes in the Federal Housing Administration (FHA) the Expanded Refinancing Fund, which shall be available to carry out streamlined refinancing of non-enterprise mortgages. Prohibits the use of any amounts in the Mutual Mortgage Fund to carry out this Act. Amends the Housing and Community Development Act of 1992 and the Temporary Payroll Tax Cut Continuation Act of 2011 to extend through FY2022 the mandates for GSE and FHA guarantee fees. | 2019-02-20T23:31:57Z | |
| 112-s-2909 | 112 | s | 2909 | Rebuilding Equity Act of 2012 | Housing and Community Development | 2012-05-08 | 2012-05-08 | Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-677. | Senate | Sen. Merkley, Jeff [D-OR] | OR | D | M001176 | 0 | Rebuilding Equity Act of 2012 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) each to establish a voluntary program for borrowers who qualify for the Home Affordable Refinance Program carried out by the GSEs, in which the GSE shall pay for the closing costs associated with applying for and receiving the refinancing when the borrower agrees to refinance into a fully amoritizing loan with a term of not longer than 20 years. | 2019-02-20T23:31:15Z | |
| 112-hres-638 | 112 | hres | 638 | Supporting the efforts of the National Association of State Fire Marshals to raise awareness of proper bonding for yellow corrugated stainless steel tubing to the specifications of the National Fire Protection Association Code. | Housing and Community Development | 2012-04-27 | 2012-04-27 | Referred to the House Committee on Science, Space, and Technology. | House | Rep. Hinojosa, Ruben [D-TX-15] | TX | D | H000636 | 1 | Commends efforts to promote and enhance public safety and consumer awareness on the proper bonding of yellow corrugated stainless steel tubing (CSST), as defined in the National Fire Protection Association Code, namely that CSST should be permanently bonded to the electrical grounding system in the structure. Urges state authorities having jurisdiction over building and housing construction and inspections to include requirements within their rules, regulations, and codes for proper bonding of yellow CSST gas piping in accordance with specified national fuel gas and electric and local codes. Encourages further education efforts of the public, relevant building and housing officials, homeowners, and construction professionals on the need to properly bond yellow CSST retroactively in structures already containing CSST. | 2019-11-15T21:41:55Z | |
| 112-hr-4848 | 112 | hr | 4848 | Save Our Neighborhoods Act of 2012 | Housing and Community Development | 2012-04-26 | 2012-06-01 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Clarke, Hansen [D-MI-13] | MI | D | C001085 | 12 | Save Our Neighborhoods Act of 2012 - Authorizes a mortgagor of a property subject to a federally related mortgage loan to file a motion before a court in the jurisdiction in which the property is located for an order to: (1) stay any foreclosure proceedings brought against the property; (2) remain in effect for up to three years; (3) prohibit the assessment or collection of any late fees regarding payments on such loan; (4) toll the statute of limitations for any other applicable laws pertaining to such loan; (5) require the mortgagor to make payments in an appropriate amount to the mortgagee at appropriate times; and (6) require the mortgagee to apply such payments first to any taxes owed on the property, and then to property insurance obligations, interest due, and the mortgage principal due. Requires the court, if an order terminates before the mortgagor and mortgagee have submitted an agreement to the court, to enter an order: (1) ordering an appraisal by an approved licensed appraiser to determine the property's fair market value; (2) adjusting the principal amount to the property's fair market value if that value is less than the principal remaining on the mortgage loan; (3) ordering reasonable interest on the principal so adjusted, based on the average prime offer rate for mortgages; and (4) ordering payments set at a reasonable interest rate on the principal remaining on the mortgage loan, based on the average prime offer rate for mortgages on that date, if the fair market value is greater than the remaining principal. Requires: (1) the court, on the date such motion is filed, to stay any foreclosure proceedings that have been brought against the property; (2) the mortgagor and mortgagee to meet after the mortgagor files the motion; and (3) the mortgagee to provide the mortgagor with a list of approved local housing counseling agencies. Requires the foreclosure stay order to terminate if the mortgagor and mortgagee execute a consensually modified mortgage agreement within 60 days after the grant of the … | 2021-09-28T14:33:18Z | |
| 112-hconres-119 | 112 | hconres | 119 | Expressing the sense of the Congress that involuntary homelessness for families, women, and children in America should be eliminated. | Housing and Community Development | 2012-04-24 | 2012-06-01 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Conyers, John, Jr. [D-MI-14] | MI | D | C000714 | 13 | Expresses the sense of Congress that: (1) involuntary homelessness should be eliminated; (2) the federal government should provide adequate funding for the rental housing voucher program under section 8 of the United States Housing Act of 1937, the Community Development Block Grant program, and the HOME Investment Partnerships program; (3) legislation should be enacted that provides the National Housing Trust Fund with the $1 billion requested in the President's FY2013 Budget Request; and (4) the federal government should move away from a "shelter first" housing policy and instead promote a "housing first" policy that provides employment and training opportunities, transportation, and other self-sufficiency services to help the involuntarily homeless. | 2021-09-28T12:30:39Z | |
| 112-hr-4620 | 112 | hr | 4620 | To amend title 40, United States Code, to add certain counties in the State of Mississippi to the region represented by the Appalachian Regional Commission. | Housing and Community Development | 2012-04-24 | 2012-04-25 | Referred to the Subcommittee on Economic Development, Public Buildings and Emergency Management. | House | Rep. Thompson, Bennie G. [D-MS-2] | MS | D | T000193 | 0 | Includes the counties of Grenada and Tallahatchie, Mississippi, in the region represented by the Appalachian Regional Commission. | 2020-02-14T19:15:56Z | |
| 112-hr-4323 | 112 | hr | 4323 | Consumer Mortgage Choice Act | Housing and Community Development | 2012-03-29 | 2012-04-26 | Referred to the Subcommittee on Financial Institutions and Consumer Credit. | House | Rep. Huizenga, Bill [R-MI-2] | MI | R | H001058 | 23 | Consumer Mortgage Choice Act - Amends the Truth in Lending Act with respect to requirements for disclosure to a consumer of points and fees information about a consumer credit transaction, secured by the consumer's principal dwelling, but which is not a residential mortgage transaction, a reverse mortgage transaction, or a transaction under an open end credit plan, when the total points and fees the consumer must pay at or before closing will exceed 8% percent of the total loan amount or $400, whichever is greater. (Such consumer credit transactions might include an equity credit line to which consumer purchases or leases may be charged.) Excludes from the computation of such points and fees any compensation paid by a mortgage originator or a creditor to an individual person employed by the mortgage originator or creditor. Excludes also escrows for future payments of insurance. Modifies the criteria for exclusion from the computation of points and fees of certain reasonable charges elsewhere exempted from the computation of the finance charge in extensions of credit secured by an interest in real property. Excludes from points and fees any such reasonable charges even though a creditor receives compensation, but only in so far as the creditor or its affiliate retains the compensation as a result of their participation in an affiliated business arrangement. (An "affiliated business arrangement" is one in which: (1) a person who is in a position to refer business incident to or a part of a real estate settlement service involving a federally related mortgage loan, or an associate of such person, has either an affiliate relationship with or a direct or beneficial ownership interest of more than 1% in a provider of settlement services; and (2) either of such persons directly or indirectly refers such business to that provider or affirmatively influences the provider's selection.) Revises the additional requirement that such a reasonable charge be paid to a third party unaffiliated with the creditor. Requir… | 2019-11-15T20:54:55Z | |
| 112-hr-4264 | 112 | hr | 4264 | FHA Emergency Fiscal Solvency Act of 2012 | Housing and Community Development | 2012-03-27 | 2012-09-12 | Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | House | Rep. Biggert, Judy [R-IL-13] | IL | R | B001232 | 10 | FHA Emergency Fiscal Solvency Act of 2012 - (Sec. 2) Amends the National Housing Act (NHA) to direct the Secretary of Housing and Urban Development (HUD) (who currently is authorized) to establish and collect additional annual premium payments for the first 11 years of the term of an insured mortgage in an amount between 0.55% and 2% of the remaining insured principal balance (with certain adjustments) for certain periods. Increases from 1.55% to 2.05% the 30-year annual premium for an insured mortgage whose original principal obligation exceeds 95% of the remaining principal balance. (Sec. 3) Revises conditions for the Secretary's exercise of authority to require indemnification for an insurance loss claim paid on a mortgage insured by a mortgagee to which the Secretary delegated insuring authority. Extends the Secretary's authority to require such an indemnification to a mortgage executed by a mortgagee approved under the direct endorsement program. Revises the conditions invoking indemnification authority to cover a circumstance where the mortgagee knew, or should have known, of a serious or material violation of the pertinent mortgage requirements, regardless of whether the violation caused the mortgage default. Makes similar revisions to the Secretary's indemnification authority in the circumstance where fraud or misrepresentation was involved in connection with the origination or underwriting and the mortgagee knew or should have known about it. Directs the Secretary to establish a process for mortgagees to appeal indemnification determinations. (Sec. 4) Directs the Secretary to establish a program to: (1) review the cause of each early period delinquency on a mortgage that is an obligation of the Mutual Mortgage Insurance Fund (Fund); (2) require indemnification of the Secretary for a loss associated with any such delinquency that results from a material violation of any guideline established or promulgated under NHA; and (3) report publicly a summary of the results of all early period reviewed delinquenci… | 2022-03-01T06:43:08Z | |
| 112-hr-4253 | 112 | hr | 4253 | Preservation Enhancement and Savings Opportunity Act of 2012 | Housing and Community Development | 2012-03-22 | 2012-04-26 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Paulsen, Erik [R-MN-3] | MN | R | P000594 | 1 | Preservation Enhancement and Savings Opportunity Act of 2012 - Amends the Low-Income Housing Preservation and Resident Homeownership Act of 1990 (LIHPRHA) to entitle the owner of a property subject to a plan of action or use agreement to distribute: (1) annually, all surplus cash generated by the property; and (2) upon request made to the Secretary of Housing and Urban Development (HUD), any funds accumulated in a residual receipts account. Entitles the owner to such distribution, however, only if the individual is in material compliance with the use agreement. Declares that neither LIHPRHA, nor any plan of action or use agreement implementing it, shall restrict an owner from obtaining a new loan or refinancing a loan secured by a low-income housing project, or from distributing the proceeds of such a loan, except that the treatment of the loan for purposes of budget-based project rents shall be within the Secretary's discretion. Grants an owner who received a direct capital loan under the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1997, upon 30 days written notice to the Secretary, including payment of the present value of the loan as determined under a discount rate equal to the Office of Management and Budget's (OMB) nominal Treasury rate of appropriate duration based upon the loan's maturity, the right to defease the loan or to obtain the release of the instrument securing it. Amends the Multifamily Assisted Housing Reform and Affordability Act of 1997 with respect to the requirement that the Secretary, upon expiration of a project-based contract for low-income housing assistance under section 8 of the United States Housing Act of 1937 for a project subject to an approved plan of action under either LIHPRHA or the Emergency Low Income Housing Preservation Act of 1987, provide the owner with benefits comparable to those provided under the plan of action, including distributions, rent increase procedures, and duration of low-income affordabili… | 2022-02-03T05:53:15Z | |
| 112-hr-4218 | 112 | hr | 4218 | Stabilizing Affordable Housing for the Future Act | Housing and Community Development | 2012-03-20 | 2012-04-26 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Velazquez, Nydia M. [D-NY-12] | NY | D | V000081 | 0 | Stabilizing Affordable Housing for the Future Act - Amends the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1997 and the Housing and Community Development Amendments of 1978 to: (1) repeal certain conditions on the authority of the Secretary of Housing and Urban Development (HUD) to manage multifamily projects, and (2) authorize the Secretary to provide grants (including up-front grants) and loans from the General Insurance Fund when managing and disposing of such properties. Instructs the Secretary to maintain rental assistance payments for dwelling units in any multifamily property program administered by the Secretary. Amends the Deficit Reduction Act of 2005 to redefine loan market value and property market value with respect to physically distressed properties sold by HUD in discount sales. Repeals the requirement not to take any affordability requirements into account in such valuation. Requires such values to be determined using industry standard appraisal practices. Amends the Multifamily Mortgage Foreclosure Act of 1981 to declare that Congress finds that mortgages transferred by the Secretary to state and local governments should be foreclosed in the same manner as mortgages held by the Secretary. Makes the entity designating the foreclosure commissioner (entity), whether the Secretary (as under current law) or any state or local government transferee, the guarantor of payment of any judgment against the foreclosure commissioner for damages based upon failure properly to perform the commissioner's duties. Makes such entity bear the risk of any financial default by the foreclosure commissioner. Declares that the entity shall be fully subrogated to the rights satisfied by such payment, in the event that any guarantee payments are made. Directs the Secretary to issue a proposed rulemaking that applies certain statutory participation and certification requirements to potential purchasers of multifamily housing with a mortgage insured under… | 2019-11-15T20:53:10Z | |
| 112-hr-4219 | 112 | hr | 4219 | Consumer Protection Home Inspection Counseling Act of 2012 | Housing and Community Development | 2012-03-20 | 2012-04-26 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Velazquez, Nydia M. [D-NY-12] | NY | D | V000081 | 0 | Consumer Protection Home Inspection Counseling Act of 2012 - Amends the Dodd-Frank Wall Street Reform and Consumer Protection Act to direct the Secretary of Housing and Urban Development (HUD) to publish a Mortgagee Letter informing mortgagees of their obligation to provide prospective homebuyers with specified HUD public outreach publications concerning the importance of obtaining independent home inspections. Requires persons providing housing counseling for HUD-approved counseling agencies to: (1) be trained through a certain voluntary home inspection training module, and (2) distribute and explain certain counseling aids. Requires any homeownership counseling program under HUD auspices or administration to be provided only by organizations or counselors HUD-certified as competent to provide voluntary home inspection counseling. Authorizes HUD to withhold, withdraw, or suspend housing counseling certifications for any non-compliant housing counselor or counseling entity. Requires HUD to establish a comprehensive program to train HUD staff, contractors, individuals, and entities that provide housing counseling under specified HUD-funded programs also to provide counseling to consumers on voluntary home inspection. Requires such training program to include development of a training module to: (1) train counselors as well as counseling aids for use by housing counselors and suitable for distribution to consumers; and (2) be comprehensible to untrained consumers with or without ongoing assistance from housing counselors. Requires HUD, at the Secretary's discretion, to develop a new independent protocol, or amend existing protocols, to certify that such housing counselors have successfully completed training using the voluntary home inspection training module and counseling aids established under this Act. | 2019-11-15T20:53:10Z | |
| 112-hr-4220 | 112 | hr | 4220 | Mutual Community Bank Competitive Equality Act | Housing and Community Development | 2012-03-20 | 2012-04-26 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Velazquez, Nydia M. [D-NY-12] | NY | D | V000081 | 0 | Home-Based Health Services Training and Employment Act of 2012 - Amends the United States Housing Act of 1937 to direct the Secretary of Housing and Urban Development (HUD) to establish a pilot program to make grants on a competitive basis to eligible entities for the training of public housing residents as home health aides and providers of home-based health services to enable them to provide covered home-based health services (i.e., services for which medical assistance is available under a state Medicaid plan or for which financial assistance is available under this Act) to residents of: (1) public housing who are elderly, disabled, or both; and (2) federally-assisted rental housing who are elderly, disabled, or both, subject to criteria that the Secretary may establish. Authorizes the use of grant funds: (1) to establish or maintain and carry out a program to train public housing residents to provide covered home-based health care services to elderly and disabled public housing residents and to elderly and disabled residents of federally-assisted rental housing, (2) for the transportation and child care expenses of public housing residents in training, and (3) for the administrative expenses of carrying out such a program.Provides that for any resident of public housing who is trained as a home health aide or as a provider of home-based health services under the program, any income received for providing covered home-based health services shall apply towards eligibility for benefits under federal housing programs as specified, based on length of time following completion of the training. | 2019-11-15T20:53:10Z | |
| 112-hr-4210 | 112 | hr | 4210 | Restore our Neighborhoods Act of 2012 | Housing and Community Development | 2012-03-19 | 2012-04-26 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. LaTourette, Steven C. [R-OH-14] | OH | R | L000553 | 17 | Restore our Neighborhoods Act of 2012 - Amends the Internal Revenue Code to establish a new category of tax credit bonds to be known as qualified urban demolition bonds. Allows the issuance of $4 billion of such bonds for the purpose of demolishing vacant, abandoned, and tax delinquent properties in urban areas. Provides for the allocation of $2 billion to all states to fund such demolition projects, and an additional $2 billion for certain other states that have greater numbers of vacant or foreclosed properties and higher unemployment rates (qualified states). | 2019-11-15T21:46:46Z | |
| 112-hr-4172 | 112 | hr | 4172 | Second Chance at Homeownership Act of 2012 | Housing and Community Development | 2012-03-08 | 2012-04-26 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Heck, Joseph J. [R-NV-3] | NV | R | H001055 | 0 | Second Chance at Homeownership Act of 2012 - Amends the National Housing Act to establish in the Federal Housing Administration (FHA) a Second Chance at Homeownership Program to: (1) create a voluntary FHA program to provide lenders for qualified second-chance borrowers and support long-term, sustainable homeownership; (2) target mortgage assistance to enable families to become homeowners of a one- to four-family principal residence; and (3) ensure the Program remains in effect only for as long as necessary to provide stability to the housing market. Authorizes the Secretary of Housing and Urban Development (HUD) to insure mortgages meeting specified criteria under the Program. Defines a "second-chance borrower" as any mortgagor who has not been: (1) the mortgagor under any other mortgage or had any present ownership interest in any residence after January 1, 2011, unless the Secretary makes exceptions for a mortgagor who has inherited a property; (2) delinquent with respect to any of the most recent 12 monthly rental payments due for the rental of the mortgagor's principal residence; or (3) convicted under federal or state law for fraud during the 10-year period before insurance of the mortgage under the Program. Requires the borrower's net worth to be $1 million or less. | 2019-11-15T20:53:12Z | |
| 112-hr-4163 | 112 | hr | 4163 | Preserving Consumers' Mortgage Origination Choices Act of 2012 | Housing and Community Development | 2012-03-07 | 2012-04-26 | Referred to the Subcommittee on Financial Institutions and Consumer Credit. | House | Rep. Miller, Gary G. [R-CA-42] | CA | R | M001139 | 2 | Preserving Consumer's Mortgage Origination Choices Act of 2012 - Amends the Truth in Lending Act with respect to the prohibitions against: (1) steering incentives in connection with residential mortgage loan origination; and (2) the restructuring of a financing origination fee, except in certain circumstances. Declares that nothing in such prohibitions shall be construed as prohibiting a mortgage originator who receives compensation directly from a consumer from compensating another mortgage originator employee, mortgage originator agent, or mortgage originator contractor based on the principal amount of the loan, provided that the amount of compensation received by such employee, agent, or contractor may not vary based on any other terms of the loan. Allows a mortgage originator, at the consumer's request, to reduce the amount of compensation the originator is receiving to offset permitted settlement charges (other than those the originator controls) that exceed the amounts previously disclosed on the good faith estimate of the settlement charges given to that consumer, provided that the originator's compensation may not increase. | 2019-11-15T20:54:49Z | |
| 112-hr-4144 | 112 | hr | 4144 | Strengthening Economic Development Through Affordable Housing Act of 2012 | Housing and Community Development | 2012-03-06 | 2012-04-26 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Baca, Joe [D-CA-43] | CA | D | B001234 | 5 | Strengthening Economic Development Through Affordable Housing Act of 2012 - Amends the State Small Business Credit Initiative Act of 2010 to allow states participating in the state small business credit initiative to provide funds to community housing development organizations to be used: (1) to develop, acquire, rehabilitate, maintain, operate, or manage housing projects for low- or moderate-income households; (2) to cover any matching, non-federal contribution required in connection with any other federal grant or assistance program providing such housing; or (3) to purchase foreclosed properties and property being sold by a state or local government in order to provide such housing. | 2019-11-15T20:53:12Z | |
| 112-hr-4145 | 112 | hr | 4145 | Section 8 Reform, Responsibility, and Accountability Act of 2012 | Housing and Community Development | 2012-03-06 | 2012-04-26 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Chabot, Steve [R-OH-1] | OH | R | C000266 | 0 | Section 8 Reform, Responsibility, and Accountability Act of 2012 - Amends the United States Housing Act of 1937 (USHA) to prohibit section 8 rental assistance (including tenant- and project-based assistance) from being provided to any family that includes a convicted felon or illegal alien. Places a five-year limitation on section 8 rental assistance, disregarding any month during which such individual was a member of a disabled or elderly family so assisted. Prohibits such assistance on behalf of any family, unless each member of the family who is 18 years of age or older performs at least 20 hours of work activities per week. Requires the Secretary of Housing and Urban Development (HUD) to exempt from such prohibition any individual family member who meets certain requirements. Requires a public housing agency (PHA), in providing such housing assistance, to give preference to families that include a member who is a veteran that will reside in the dwelling unit. Declares that requirements relating to termination of housing assistance and termination of tenancy shall apply to any section 8 housing assistance provided, any housing assistance payments contract, and any tenant of a unit assisted. Prohibits any requirement of USHA, or of any housing assistance payments contract under USHA, from being construed to annul, alter, affect, or exempt any person or housing assisted under it or under such a contract from complying with the laws of any state or local government. Expresses the sense of Congress that the HUD Moving to Work demonstration program under the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1996 should be expanded to include significantly more PHAs. Authorizes the use of unspent section 8 housing assistance payments for section 8 compliance measures. Requires approved PHA plans, including modifications and amendments, to be made public at the PHA's office and in electronic form on the World Wide Web. | 2019-11-15T20:53:12Z | |
| 112-s-2162 | 112 | s | 2162 | Project Rebuild Act | Housing and Community Development | 2012-03-06 | 2012-05-08 | Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-677. | Senate | Sen. Reed, Jack [D-RI] | RI | D | R000122 | 11 | Project Rebuild Act - Appropriates funds for assistance to eligible entities, including state and local governments, and qualified nonprofit organizations, businesses or eligible consortia, for the redevelopment of abandoned and foreclosed-upon properties and for stabilization of affected neighborhoods (Project Rebuild). Allows such grantees to give priority emphasis and consideration to areas that have lost occupiable housing stock within three years of the enactment of this Act due to the effects of presidentially declared disasters. Allows the use of funds to: (1) establish financing mechanisms for the purchase and redevelopment of abandoned and foreclosed-upon properties; (2) purchase and rehabilitate such properties; (3) establish and operate land banks for them, as well as for properties demolished or severely damaged by presidentially declared disasters; (4) demolish blighted structures (except public housing); and (5) redevelop abandoned, foreclosed, demolished, or vacant properties. Requires each state to receive at least $20 million of formula funds, all of which shall be used with respect to low and moderate-income individuals and families. Requires each state and local government grantee to establish procedures to create preferences for development of affordable rental housing. Allows a grantee to use up to 10% to create jobs by establishing and operating a program to maintain eligible neighborhood properties. Subjects amounts appropriated, revenues generated, and amounts otherwise made available under this Act to: (1) the requirement of the Housing and Community Development Act of 1974 that all laborers and mechanics employed by contractors and subcontractors on federally-assisted projects be paid wages at the locally prevailing rates (Davis-Bacon Act); and (2) the Secretary's authority to waive such wage rate and certain employment protection requirements with respect to grants to Indian tribes. | 2019-02-20T23:26:01Z | |
| 112-hr-4076 | 112 | hr | 4076 | To amend the Truth in Lending Act to add a rule of construction relating to certain payments to an employee of a mortgage originator. | Housing and Community Development | 2012-02-17 | 2012-02-23 | Referred to the Subcommittee on Financial Institutions and Consumer Credit. | House | Rep. Frank, Barney [D-MA-4] | MA | D | F000339 | 3 | Amends the Truth in Lending Act to deny any construction of the prohibition against residential mortgage loan originator steering incentives as prohibiting a creditor or mortgage originator from reducing compensation to an employee mortgage originator if, after the employee mortgage originator has made the consumer an initial annual percentage rate (APR) offer, the employee mortgage originator makes a subsequent offer to the consumer that: (1) consists only of a reduction in the APR, and (2) is made in response to a lower APR offer to the consumer by another creditor or mortgage originator. | 2019-11-15T20:54:36Z | |
| 112-hr-4058 | 112 | hr | 4058 | Bankruptcy Equity Act of 2012 | Housing and Community Development | 2012-02-16 | 2012-02-28 | Referred to the Subcommittee on Courts, Commercial and Administrative Law. | House | Rep. Blumenauer, Earl [D-OR-3] | OR | D | B000574 | 1 | Bankruptcy Equity Act of 2012 - Amends federal bankruptcy law governing a Chapter 13 debtor (adjustment of debts of an individual with regular income) to exclude from the computation of debts the secured or unsecured portions of: (1) debts secured by the debtor's principal residence if the current value of that residence is less than the secured debt limit, or (2) debts secured or formerly secured by real property that was the debtor's principal residence that was sold in foreclosure or that the debtor surrendered to the creditor if the current value of such real property is less than the secured debt limit. Declares the credit counseling requirement inapplicable to a Chapter 13 debtor who certifies that he or she has received notice that the holder of a claim secured by the debtor's principal residence may commence a foreclosure on it. Permits a Chapter 13 bankruptcy plan to modify the rights of claim holders with respect to a claim for a loan originated before the effective date of this Act and secured by a security interest in the debtor's principal residence that is the subject of a foreclosure notice. Authorizes reduction of a claim secured by the debtor's principal residence, but only in specified circumstances, particularly if the debtor sells the residence. Permits a Chapter 13 bankruptcy plan to deny debtor liability for certain fees and charges incurred while the bankruptcy case is pending and arising from a debt secured by the debtor's principal residence, unless the claim holder observes specified requirements. Adds to conditions for court confirmation of a plan in bankruptcy that: (1) the holder of a claim secured by the debtor's principal residence retain the lien securing the claim until the later of the payment of the allowed secured claim or the discharge of a debtor from all debts, and (2) the plan modifies the claim in good faith. Excludes from the final discharge of a debtor from all debts any unpaid portion of such a claim as reduced. Expands federal procedures governing default on veterans' … | 2019-11-15T21:41:33Z | |
| 112-s-2120 | 112 | s | 2120 | Prompt Notification of Short Sales Act | Housing and Community Development | 2012-02-16 | 2012-02-16 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Murkowski, Lisa [R-AK] | AK | R | M001153 | 6 | Prompt Notification of Short Sales Act - Requires each servicer of a home mortgage to respond in writing within 75 days to a mortgagor of a residential mortgage loan who has requested in writing a short sale of the dwelling or residential real property that is subject to the mortgage, deed of trust, or other security interest securing the mortgage loan. Authorizes an aggrieved individual to bring a civil action for damages and equitable relief for any violation of this Act. Declares this Act inapplicable to certain residential mortgages entered into before its enactment whose mortgage agreements explicitly provide a procedure or terms for a short sale approval. | 2019-02-20T23:25:44Z | |
| 112-s-2093 | 112 | s | 2093 | Preserving American Homeownership Act of 2012 | Housing and Community Development | 2012-02-09 | 2012-02-09 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Menendez, Robert [D-NJ] | NJ | D | M000639 | 1 | Preserving American Homeownership Act of 2012 - Requires the Director of the Federal Housing Finance Agency and the Federal Housing Commissioner each to establish a pilot program to encourage the use of shared appreciation mortgage modifications that: (1) are designed to return greater cash flow to investors than other loss-mitigation activities, including foreclosure; and (2) result in positive net present value for the investor. Requires a shared appreciation mortgage modification to: (1) reduce by specified action the loan-to-value ratio of a covered mortgage to 95% within 3 years; (2) reduce the interest rate if such a principal reduction would not result in an affordable reduced monthly payment; (3) reduce to a specified amount any periodic payment the homeowner is required to make; (4) require the homeowner to pay the investor, after refinancing or selling the real property securing a covered mortgage, up to 50% of the amount of any increase in the value of the real property during a specified period; and (5) result in a positive net present value for the investor after taking into account the principal reduction and, if necessary, any interest rate reduction. | 2019-02-20T23:25:33Z | |
| 112-s-2078 | 112 | s | 2078 | Home Building Lending Improvement Act of 2012 | Housing and Community Development | 2012-02-07 | 2012-02-07 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Menendez, Robert [D-NJ] | NJ | D | M000639 | 7 | Home Building Lending Improvement Act of 2012 - Directs each of the appropriate federal banking agencies to initiate guidance or rulemaking with respect to financial institutions under their respective jurisdictions that make real estate loans to home builders. Requires such rulemaking to provide for: (1) adjustment from 100% to 125% of bank capital the measurement that triggers additional scrutiny on real estate loans in the lending portfolio of any qualified financial institution, (2) a prohibition against compelling lenders to call loans in good standing, and (3) improved composite ratings of a financial institution to take effect immediately. Prohibits a federal banking agency also from preventing a qualified financial institution from making a real estate loan to a home builder in good standing that is secured by a viable project, unless there is a legitimate supervisory or accounting reason to do so. Prohibits such banking agencies from requiring a financial institution to reclassify any real estate loan to a homebuilder in good standing on the balance sheet of such institution, unless there is a legitimate supervisory or accounting reason to do so. Prohibits such agency guidance and regulations from superseding state law, except to the extent of state law inconsistency. | 2019-02-20T23:25:27Z | |
| 112-s-2072 | 112 | s | 2072 | Helping Homeowners Refinance Act | Housing and Community Development | 2012-02-06 | 2012-02-06 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Franken, Al [D-MN] | MN | D | F000457 | 2 | Helping Homeowners Refinance Act - Requires the Director of the Federal Housing Finance Agency to promulgate rules prohibiting the Federal National Mortgage Association (Fannie Mae) and Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) and their affiliates from holding any possessory interest in or otherwise owning, in whole or in part, any financial market instrument that would, in the Director's discretion, substantially reduce the financial incentive to carry out the statutory mission of the GSEs to provide liquidity, stability, and affordability to the U.S. housing market under the Federal Home Loan Mortgage Corporation Act and the Federal National Mortgage Association Charter Act. Directs Freddie Mac to implement policies (consistent with Fannie Mae's as of February 1, 2012) to reduce the putback risk on a mortgage, including any putback risk associated with loan refinancing, regardless of the loan-to-value ratio on the mortgage. Defines "putback risk" as the probability that a GSE would require a loan originator to repurchase a loan purchased by the GSE. Requires the GSEs to apply the same putback risks to all financial institutions that refinance mortgage loans owned or guaranteed by a GSE, regardless of whether the loans being refinanced were originated by the same institution that is originating the new loan. Authorizes the Director to waive any rule under this Act or the application of such a putback risk if the Director certifies in writing to Congress that the GSE's safety and soundness is put at risk by the applicability of the putback risk. | 2019-02-20T23:25:25Z | |
| 112-hr-3841 | 112 | hr | 3841 | Principal Reduction Act of 2012 | Housing and Community Development | 2012-01-31 | 2012-02-09 | Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. | House | Rep. Waters, Maxine [D-CA-35] | CA | D | W000187 | 13 | Principal Reduction Act of 2012 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) each to carry out a program to reduce the outstanding principal balances on qualified mortgages on single-family housing they own or guarantee. Directs a GSE, under its program, to: (1) reduce the principal of a mortgage to an amount resulting in a mortgage loan-to-value ratio of not more than 90%; (2) require a mortgagor, if the dwelling for which the mortgage principal has been reduced is sold by any process other than a foreclosure sale or short sale, to pay the GSE at least one-third of any appreciation in value; and (3) recover from the mortgagor, if a mortgage whose principal has been reduced subsequently enters foreclosure, the difference between the foreclosure sales price and the outstanding principal balance on the mortgage immediately before the principal reduction. Prohibits the charging of borrowers fees by either a GSE or a servicer conducting a principal reduction on behalf of a GSE. Requires a GSE to pay any servicer a fee of up to $1,000 for reducing a mortgage principal under the program. Directs the Director of Federal Housing Finance Agency (FHFA) to encourage the modification of second liens on dwellings on which the mortgage principal is reduced under this Act. Prohibits the Director from approving bonus compensation that exceeds the base compensation that exceeds the base compensation for any GSE executive or senior executive unless the aggregate number of qualified mortgages for which principal reductions have been taken pursuant to the program under this Act exceeds 1 million. | 2021-09-28T14:24:00Z | |
| 112-hr-3849 | 112 | hr | 3849 | Preserving Access to Manufactured Housing Act | Housing and Community Development | 2012-01-31 | 2012-02-09 | Referred to the Subcommittee on Financial Institutions and Consumer Credit. | House | Rep. Fincher, Stephen Lee [R-TN-8] | TN | R | F000458 | 43 | Preserving Access to Manufactured Housing Act - Amends the S.A.F.E. Mortgage Licensing Act of 2008 to exclude a seller of manufactured homes from the definition of loan originator subject to such Act, unless such individual or entity is engaged in the business of a loan originator or receives compensation or gain for engaging in certain residential mortgage loan activities in excess of any compensation or gain received in a comparable cash transaction. Amends the Truth in Lending Act, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to revise the definition of "high cost mortgage." | 2019-11-15T20:54:36Z | |
| 112-hr-3853 | 112 | hr | 3853 | FHA Enhanced Oversight Act of 2012 | Housing and Community Development | 2012-01-31 | 2012-02-09 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Lynch, Stephen F. [D-MA-9] | MA | D | L000562 | 0 | FHA Enhanced Oversight Act of 2012 - Amends the National Housing Act to require semiannual independent studies during any period that the Mutual Mortgage Insurance Fund does not meet minimum capital ratio requirements. | 2019-11-15T20:53:11Z | |
| 112-s-2035 | 112 | s | 2035 | Workforce Residential Housing Act of 2011 | Housing and Community Development | 2012-01-26 | 2012-01-26 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Moran, Jerry [R-KS] | KS | R | M000934 | 1 | Workforce Residential Housing Act of 2011 - Amends the National Housing Act to exempt a workforce residential housing property from the prohibition against the use of multifamily housing covered by a federally insured mortgage for transient or hotel purposes (thus authorizing such use). Defines "workforce residential property" as multifamily housing that rents units for a minimum stay of seven days and does not provide retail hotel amenities. | 2019-02-20T23:24:25Z | |
| 112-hr-3825 | 112 | hr | 3825 | Work Force Housing Act of 2011 | Housing and Community Development | 2012-01-25 | 2012-02-09 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Pompeo, Mike [R-KS-4] | KS | R | P000602 | 5 | Work Force Housing Act of 2011 - Amends the National Housing Act to exempt a work force residential housing property from the prohibition against the use of multifamily housing under a federally insured mortgage for transient or hotel purposes (thus authorizing such use). Defines "work force residential housing property" as multifamily housing: (1) whose dwelling units are rented for a minimum stay of seven days, and (2) that does not provide retail hotel amenities. | 2019-11-15T20:53:11Z | |
| 112-hr-3789 | 112 | hr | 3789 | Regulation of Mortgage Servicing Act of 2012 | Housing and Community Development | 2012-01-18 | 2012-02-09 | Referred to the Subcommittee on Financial Institutions and Consumer Credit. | House | Rep. DeLauro, Rosa L. [D-CT-3] | CT | D | D000216 | 4 | Regulation of Mortgage Servicing Act of 2012 - Requires a mortgage servicer to assign one case manager to each borrower that seeks a mortgage loan modification or an alternative to foreclosure. Requires the case manager to: (1) manage the communication between the servicer and the borrower, and (2) make decisions about the borrower's eligibility for a loan modification or an alternative to foreclosure. Prohibits a servicer from initiating a covered foreclosure action against a borrower unless the servicer has performed specified tasks related to offering the borrower, if eligible, a loan modification or an alternative to foreclosure. Requires a servicer to suspend a covered foreclosure action initiated before the enactment of this Act until such tasks have been performed. Prohibits a servicer, during the suspension period, from: (1) sending the borrower a notice of foreclosure, (2) conducting or scheduling a sale of the real property securing the mortgage, or (3) causing final judgment to be entered against the borrower. Prescribes requirements a servicer must meet in order to be deemed to have made a reasonable effort to obtain necessary information to determine a borrower's eligibility for a loan modification or an alternative to foreclosure. Requires a servicer, before notifying a borrower of his or her ineligibility for a loan modification or an alternative to foreclosure, to obtain the services of an independent reviewer to review the borrower's file and determine whether or not the borrower is eligible. Makes a violation of this Act a bar to a covered foreclosure action. Allows a servicer in compliance with this Act, however, to bring or proceed with a foreclosure action, regardless of any prior violation. Makes any servicer that fails to comply with any requirement of this Act liable to a borrower in the same manner that a creditor who fails to comply with any requirement is liable to a person. | 2019-11-15T20:54:36Z | |
| 112-hr-3733 | 112 | hr | 3733 | Affordable Mortgage for Homeowners Act of 2011 | Housing and Community Development | 2011-12-19 | 2012-01-12 | Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. | House | Rep. Hastings, Alcee L. [D-FL-23] | FL | D | H000324 | 2 | Affordable Mortgage for Homeowners Act of 2011 - Directs the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) each to carry out a program to provide for the reduction of the interest rates on qualified mortgage mortgages (other than fixed-rate or adjustable-rate mortgages) on single-family housing owned or guaranteed by such enterprises, in accordance with policies and procedures that the Director of the Federal Housing Finance Agency (FHFA) shall establish. Requires each program to provide a procedure for mortgagors to opt-out of an interest rate reduction. | 2019-11-15T20:56:14Z | |
| 112-hr-3677 | 112 | hr | 3677 | National Cooperative Development Act | Housing and Community Development | 2011-12-15 | 2012-01-12 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Fattah, Chaka [D-PA-2] | PA | D | F000043 | 13 | National Cooperative Development Act - Directs the Secretary of Housing and Urban Development (HUD) to: (1) establish a National Cooperative Development Program to create jobs and increase economic development in underserved areas by promoting cooperative development; and (2) select, through a competitive process and enter into a grant agreement with, a national cooperative development center. Defines "cooperative organization" as an autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled enterprise. Defines "cooperative development" as specified technical assistance for the establishment of cooperative organizations. Requires the national center to select local cooperative development centers. Authorizes the national center to establish up to three local cooperative development centers in each of FY2012-FY2016. | 2019-11-15T20:56:15Z | |
| 112-s-1997 | 112 | s | 1997 | FHA Bailout Protection Act of 2011 | Housing and Community Development | 2011-12-15 | 2011-12-15 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Vitter, David [R-LA] | LA | R | V000127 | 8 | FHA Bailout Protection Act of 2011 - Amends the National Housing Act (NHA) to direct the Secretary of Housing and Urban Development (HUD) to take action to ensure that the Mutual Mortgage Insurance Fund attains and maintains a capital ratio of at least 2%. Includes among such actions: (1) increasing mortgage insurance premiums, (2) establishing more stringent underwriting standards, and (3) increasing the amount of cash (or its equivalent) required to be paid on account of the property subject to a mortgage. Directs the Secretary to raise annual insurance premiums and charge an additional risk-based annual insurance premium if: (1) the Fund fails to attain a capital ratio of 2% by a specified date or maintain it, or (2) the Fund's expected claims rate as set forth in the quarterly independent actuarial study is 10.0 or higher. Directs the Secretary to require a mortgagee to indemnify HUD for losses resulting from payment of an insurance claim with respect to a mortgage: (1) executed under the direct endorsement program or insured by the mortgagee pursuant to a delegation of authority, but (2) not originated or underwritten in accordance with HUD requirements. Requires indemnification also in the event that fraud or misrepresentation was involved in an origination or underwriting. Directs the Secretary of HUD to take any actions required to seek indemnification for any early term delinquency on a mortgage which: (1) is an obligation of the Mutual Mortgage Insurance Fund; and (2) at the time of origination was not in compliance with NHA requirements. Directs the Secretary of HUD to establish a program to review the cause of each early term delinquency on such a mortgage. Converts from annual to quarterly the frequency of an independent actuarial study of the Mutual Mortgage Insurance Fund. Amends the Federal Credit Reform Act of 1990 to prohibit the Secretary of the Treasury from entering into specified transactions with the Mutual Mortgage Insurance Fund. | 2021-12-20T15:54:35Z | |
| 112-hr-3644 | 112 | hr | 3644 | Private Mortgage Market Investment Act | Housing and Community Development | 2011-12-13 | 2012-01-12 | Referred to the Subcommittee on Financial Institutions and Consumer Credit. | House | Rep. Garrett, Scott [R-NJ-5] | NJ | R | G000548 | 6 | Private Mortgage Market Investment Act - Directs the Director of the Federal Housing Finance Agency (FHFA) to prescribe classifications for mortgages having various degrees of credit risk, ranging from those with little to no credit risk to those with higher credit risk, with the goals of: (1) maximizing the pricing of credit risk, (2) allowing for the trading of securities collateralized by such classifications in a forward market, and (3) maintaining well functioning liquid markets in such collateralized securities. Requires the Director to establish standards for specified categories of underwriting criteria for each classification of mortgages depending on degree of credit risk. Requires the Director to develop, adopt, and publish standard form securitization agreements for mortgages established under this Act, according to specified criteria. Directs the Director to develop standards for: (1) servicer reporting obligations with respect to any mortgage serving as collateral for a qualified security; (2) servicing, including a servicer succession plan; (3) documentation used to verify the financial resources of a mortgagor, and to qualify the mortgagor for any mortgage that may become collateral for a qualified security; and (4) qualified sponsors. Requires there to be at all times one or more trustees for each pool of mortgages that acts as collateral for a qualified security. Imposes certain duties on each trustee for the purpose of protecting investor rights. Subjects to mandatory arbitration all disputes between an owner of a qualified security and the qualified sponsor of such security relating to representations and warranties. Requires the Director to require sponsors of qualified securities to: (1) disclose all pertinent information relating to residential mortgage loans that constitute such securities, and (2) allow for the trading of qualified securities under this Act in a forward market. Amends the Securities Exchange Act of 1934 to repeal credit risk retention requirements. Amends the Securit… | 2022-03-01T06:43:08Z | |
| 112-hr-3649 | 112 | hr | 3649 | Community Partners Neighborhood Preservation Act of 2011 | Housing and Community Development | 2011-12-13 | 2012-01-12 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Baca, Joe [D-CA-43] | CA | D | B001234 | 0 | Community Partners Neighborhood Preservation Act of 2011 - Amends the National Housing Act to provide: (1) a 50% discount for teachers and public safety officers purchasing certain eligible asset properties for use as their primary residence during a certain period of fiscal years, and (2) a $100 downpayment on any related insured mortgage. Authorizes such sales directly to a qualifying individual or to a unit of local government or a nonprofit organization for resale to such individual. Expresses the sense of Congress that the Secretary of Housing and Urban Development (HUD) should consult with the heads of other federal agencies that own or hold properties appropriate for use as housing to determine the possibility and effectiveness of including such properties in programs that make housing available for law enforcement officers, teachers, or fire fighters. Makes a public safety officer or teacher eligible to purchase any property owned or held by the Secretary pursuant to: (1) foreclosure of any HUD-insured mortgage; or (2) assignment of the mortgage, deed in lieu of foreclosure, conveyance of title, or any other acquisition of the property or mortgage in connection with the payment of insurance benefits by the Secretary. Directs the Secretary to revise the Good Neighbor Next Door Initiative to provide that the subordinate mortgage on the property of a mortgagor who purchased it under the Initiative shall be released in any case in which the mortgagor loses his or her employment position as a law enforcement officer, teacher, firefighter, or emergency medical technician as a result of any reductions in force or other reason other than dismissal for cause. Directs the Secretary of HUD, in making any real estate owned by HUD available for purchase, to provide a preference for purchase by public safety officers and teachers. | 2019-11-15T20:56:16Z | |
| 112-hr-3619 | 112 | hr | 3619 | Permanently Protecting Tenants at Foreclosure Act of 2011 | Housing and Community Development | 2011-12-08 | 2012-01-12 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Ellison, Keith [D-MN-5] | MN | D | E000288 | 26 | Permanently Protecting Tenants at Foreclosure Act of 2011 - Amends the Protecting Tenants at Foreclosure Act of 2009 to repeal its sunset date December 31, 2012 (thus making the Act permanent). Establishes a private right of action to enforce compliance with such Act. | 2022-03-02T16:39:41Z | |
| 112-s-1963 | 112 | s | 1963 | Mortgage Finance Act of 2011 | Housing and Community Development | 2011-12-08 | 2011-12-16 | Sponsor introductory remarks on measure. (CR S8722-8723) | Senate | Sen. Isakson, Johnny [R-GA] | GA | R | I000055 | 4 | Mortgage Finance Act of 2011 - Appoints the Federal Housing Finance Agency (FHFA) receiver of the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government sponsored enterprises or GSEs) and places them into irrevocable receivership, effective on the date on which the Mortgage Finance Agency (MFA) established by this Act is operational and able to perform the guarantee function for qualified mortgage-backed securities collateralized by qualified residential mortgages. Directs the FHFA to commence liquidation of the GSEs immediately upon their placement into receivership. Repeals the charters of Fannie Mae and Freddie Mac. Requires repayment by the FHFA to the General Fund of the Treasury, in repayment of certain government assistance to the GSEs, of all proceeds from their operations in receivership remaining after their outstanding obligations are fully satisfied. Requires the FHFA as receiver to manage the combined assets of the GSEs to obtain resolutions that maximize the return for the taxpayer. Establishes the MFA as an independent agency of the federal government to: (1) guarantee securities issued by qualified issuers and collateralized by pools of qualified residential mortgages in order to provide a dependable, transparent, and liquid market for high quality mortgages and multifamily mortgages for securitization; (2) charge and collect a guarantee fee sufficient to protect the MFA and the Treasury from the risks of guaranteeing the timely payment of principal and interest on qualified mortgage-backed securities; (3) establish and maintain a Catastrophic Fund to minimize the burden on the federal government by setting aside amounts that will be available solely to pay obligations under the MFA guarantee in the event of any future mortgage market collapse; and (4) purchase supplemental insurance coverage. Requires the MFA to: (1) guarantee the timely payment of the principal and interest to holders of qualified mortgage-back securities, and… | 2019-02-20T23:23:50Z | |
| 112-hr-3595 | 112 | hr | 3595 | Mandatory Foreclosure Mediation Act | Housing and Community Development | 2011-12-07 | 2012-01-12 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Wilson, Frederica S. [D-FL-17] | FL | D | W000808 | 2 | Mandatory Foreclosure Mediation Act - Prohibits a servicer from initiating a foreclosure action against a borrower unless the servicer has: (1) made a reasonable effort to initiate mediation proceedings to determine if the borrower is eligible for a loan modification or an alternative to foreclosure; and (2) offered the borrower, if eligible, such a modification or alternative. Requires a servicer to suspend a foreclosure action initiated before the enactment of this Act until the servicer: (1) completes such a mediation proceeding; and (2) offers the borrower, if eligible, a modification or alternative. Prohibits a servicer, during the suspension period, from: (1) sending the borrower a notice of foreclosure, (2) conducting or scheduling a sale of the real property securing the mortgage, or (3) causing final judgment to be entered against the borrower. Directs the Secretary of Housing and Urban Development (HUD) to establish such a mediation process. Declares that a servicer is not required to suspend a foreclosure action if the servicer makes a reasonable effort to schedule a mediation proceeding and documents that the borrower has not agreed to one. Makes a violation of this Act a bar to a foreclosure action. Allows a servicer in compliance with this Act, however, to bring or proceed with a foreclosure action, regardless of any prior violation. | 2019-11-15T20:52:56Z | |
| 112-hr-3603 | 112 | hr | 3603 | HOME Act | Housing and Community Development | 2011-12-07 | 2012-01-12 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Rothman, Steven R. [D-NJ-9] | NJ | D | R000462 | 0 | Housing Opportunities Made Easier Act or HOME Act - Instructs the Secretary of Housing and Urban Development to: (1) provide 150,000 incremental vouchers to public housing agencies in FY2012 for tenant-based rental housing assistance under section 8 of the United States Housing Act of 1937; and (2) renew such vouchers in each ensuing fiscal year. | 2019-11-15T20:52:56Z | |
| 112-hr-3564 | 112 | hr | 3564 | Public Housing Tenants Respect Act of 2011 | Housing and Community Development | 2011-12-06 | 2012-01-12 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Rangel, Charles B. [D-NY-15] | NY | D | R000053 | 1 | Public Housing Tenants Respect Act of 2011- Amends the United States Housing Act of 1937 to repeal its public housing community service and family self-sufficiency requirements. | 2019-11-15T20:52:56Z | |
| 112-hr-3566 | 112 | hr | 3566 | Fairness in Foreclosures Act of 2011 | Housing and Community Development | 2011-12-06 | 2011-12-14 | Referred to the Subcommittee on Courts, Commercial and Administrative Law. | House | Rep. Towns, Edolphus [D-NY-10] | NY | D | T000326 | 2 | Fairness in Foreclosures Act of 2011 - Declares that no action for a deficiency judgment arising from an obligation under a residential mortgage may be brought except in accordance with this Act. Declares that no such deficiency judgment may be issued unless the court has determined that the foreclosure sale for the property securing repayment was conducted in accordance with specified requirements. Specifies a formula for determining the total amount a plaintiff may recover in such a deficiency judgment. Declares that no action for a deficiency judgment may be brought if the (nonrecourse) mortgage terms prohibit recovery after: (1) the residential property securing repayment of such obligation is sold at foreclosure sale, or (2) the mortgage is foreclosed in the manner provided under the law of the state in which the property is located. Declares that if the mortgagor is a member of a low-income family: (1) no action may be brought for a deficiency judgment; and (2) a deficiency in recovery, from a foreclosure sale, of the full amount of the mortgage obligation may not be reported to any consumer reporting agency or disclosed to any person other than the mortgagor or the mortgagor's personal representative, unless such disclosure is otherwise required by law. | 2019-11-15T21:31:35Z | |
| 112-hr-3539 | 112 | hr | 3539 | HOPE VI Program Termination Act of 2011 | Housing and Community Development | 2011-12-01 | 2012-01-12 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Canseco, Francisco "Quico" [R-TX-23] | TX | R | C001082 | 0 | HOPE VI Program Termination Act of 2011 - Amends the United States Housing Act of 1937 to repeal the authority of the Secretary of Housing and Urban Development (HUD) to provide assistance to public housing agencies for demolition, site revitalization, replacement housing, and tenant-based assistance grants for projects (HOPE VI program). Rescinds and permanently cancels all unobligated balances remaining available under the Act for the program, and terminates it. Requires all such unobligated balances so rescinded and permanently canceled to be covered in the general fund of the Treasury for reducing the budget deficit of the federal government. | 2022-02-03T05:53:54Z | |
| 112-hr-3546 | 112 | hr | 3546 | Senior Veterans Housing Assistance Act of 2011 | Housing and Community Development | 2011-12-01 | 2012-01-12 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Turner, Michael R. [R-OH-3] | OH | R | T000463 | 0 | Senior Veterans Housing Assistance Act of 2011 - Allows an occupancy preference for very low-income elderly veterans in dwelling units in any supportive housing project for the elderly that: (1) is provided assistance by the Department of Housing and Urban Development (HUD); and (2) is, or would be located on, Department of Veterans Affairs (VA) property or is subject to a VA enhanced use lease. | 2019-11-15T20:52:56Z | |
| 112-hr-3530 | 112 | hr | 3530 | Freddie Mac Debt Reduction Act of 2011 | Housing and Community Development | 2011-11-30 | 2012-01-12 | Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. | House | Rep. Perlmutter, Ed [D-CO-7] | CO | D | P000593 | 1 | Freddie Mac Debt Reduction Act of 2011 - Amends the Housing and Community Development Act of 1992 with respect to the exercise of options on mortgage-backed securities by the Federal Home Loan Mortgage Corporation (Freddie Mac) or, during the term of any conservatorship or receivership of Freddie Mac, the Director of the Federal Housing Finance Agency (FHFA). Directs Freddie Mac (or FHFA as its conservator or receiver) to exercise any option on a mortgage-backed security with a clean-up call option Freddie Mac has issued if the residual holder of the security is willing to share at least 50% of any excess proceeds from the exercise of the option with FHFA as conservator or receiver, which would thereby reduce the liability of taxpayers. (A clean-up call option allows a transferor of assets, in this case mortgage assets, to buy them back after the outstanding asset values have been reduced substantially.) Defines mortgage-backed security with a clean-up call option as any mortgage-backed security under which there is an option or right to redeem all remaining classes of the security whenever the aggregate remaining principal of the mortgage would be less than the optional redemption or clean-up call percentage. Directs the Director to prohibit Freddie Mac and the Federal National Mortgage Association (Fannie Mae) from issuing any mortgage-backed security with a clean-up call option. Directs the Director to ensure that any excess proceeds received as a result of the exercise of any clean-up call options be used only to reduce the budget deficit of the federal government. | 2019-11-15T20:54:04Z | |
| 112-hr-3502 | 112 | hr | 3502 | Project Rebuild Act of 2011 | Housing and Community Development | 2011-11-18 | 2012-01-12 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Waters, Maxine [D-CA-35] | CA | D | W000187 | 28 | Project Rebuild Act of 2011 - Appropriates funds for assistance to eligible entities including state and local governments, and qualified nonprofit organizations, businesses or eligible consortia for the redevelopment of abandoned and foreclosed-upon properties and for stabilization of affected neighborhoods (Project Rebuild). Allows the use of funds to: (1) establish financing mechanisms for the purchase and redevelopment of abandoned and foreclosed-upon properties; (2) purchase and rehabilitate such properties; (3) establish and operate land banks for them; (4) demolish blighted structures (except public housing); and (5) redevelop abandoned, foreclosed, demolished, or vacant properties. Requires each state to receive at least $20 million of formula funds, all of which shall be used with respect to low and moderate-income individuals and families. Requires each state and local government grantee to establish procedures to create preferences for development of affordable rental housing. Allows a grantee to use up to 10% to create jobs by establishing and operating a program to maintain eligible neighborhood properties. Sets forth Buy American requirements. Requires all laborers and mechanics employed by contractors and subcontractors on federally-assisted projects to be paid wages at the locally prevailing rates (Davis-Bacon Act). | 2021-04-19T19:18:47Z | |
| 112-s-1892 | 112 | s | 1892 | Housing Rights for Victims of Domestic and Sexual Violence Act of 2011 | Housing and Community Development | 2011-11-17 | 2011-11-17 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S7707-7708) | Senate | Sen. Franken, Al [D-MN] | MN | D | F000457 | 2 | Housing Rights for Victims of Domestic and Sexual Violence Act of 2011 - Amends the Violence Against Women Act of 1994 with respect to housing rights of victims of domestic violence, dating violence, sexual assault, and stalking. Prohibits denial or termination of housing assistance on the basis of being such a victim under specified federal housing programs, including the low income housing tax credit program, if the applicant or tenant otherwise qualifies for such admission, assistance, participation, or occupancy. Prohibits denial of assistance, tenancy, or occupancy rights to assisted housing based solely on certain criminal activity directly related to domestic violence engaged in by a member of the individual's household or by any guest or other person under the individual's control, if the tenant or an immediate family member is the victim or threatened victim. Requires each owner or manager of housing assisted under a covered program to adopt an emergency transfer policy for tenants who are victims of domestic violence, dating violence, sexual assault, or stalking. Requires the Secretary of Housing and Urban Development (HUD) to establish policies and procedures under which a victim requesting such a transfer may receive section 8 (voucher program) assistance under the United States Housing Act of 1937. Makes conforming amendments to the United States Housing Act of 1937. | 2019-02-20T23:22:52Z | |
| 112-s-1834 | 112 | s | 1834 | Residential Mortgage Market Privatization and Standardization Act of 2011 | Housing and Community Development | 2011-11-09 | 2011-11-15 | Committee on Banking, Housing, and Urban Affairs. Hearings held. Hearings printed: S.Hrg. 112-408. | Senate | Sen. Corker, Bob [R-TN] | TN | R | C001071 | 1 | Residential Mortgage Market Privatization and Standardization Act of 2011 - Amends the National Housing Act and the Federal Home Loan Mortgage Corporation Act to require the Director of the Federal Housing Finance Agency (FHFA) to begin reducing by at least 10% per year the percentage of the value of a trust certificate or other security that may be guaranteed by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises or GSEs). Covers single-family or multifamily residential mortgage loans originated, serviced, or subserviced, in whole or in part, owned directly or indirectly, or securitized or resecuritized, by an entity, affiliate, or subsidiary regulated by any one of specified federal agencies. Directs each such agency to require that all entities they regulate put into the public domain reasonably accurate and complete data relating to covered mortgage loans. Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to require the FHFA Director to establish a program to encourage the development of a deliverable residential mortgage (DRM) futures market (for forward contracts for the sale of mortgage-backed securities collateralized exclusively by DRMs) that: (1) compliments the TBA market (for forward contracts for the sale of mortgage-backed securities that do not specify the particular mortgage-backed securities that will be delivered to the buyer); (2) creates incentives for trading by participants in the TBA market; and (3) has the potential to replace the TBA market. Amends the Securities Act of 1933 and the Securities Exchange Act of 1934 to exempt from regulation and registration requirements any mortgage-backed security collateralized exclusively by DRMs. Requires the Director, as conservator of the GSEs, to: (1) identify any GSE property that would be of value to nongovernmental entities; and (2) sell it to them. Directs the federal banking agencies to: (1) establish jointly specif… | 2019-02-20T23:20:42Z | |
| 112-hconres-85 | 112 | hconres | 85 | Expressing the sense of the House of Representatives regarding the proposed settlement between the Department of Justice, the State attorneys general, and mortgage servicers regarding mortgage fraud and the economic crisis. | Housing and Community Development | 2011-11-03 | 2011-11-21 | Referred to the Subcommittee on Crime, Terrorism, and Homeland Security. | House | Rep. Baldwin, Tammy [D-WI-2] | WI | D | B001230 | 71 | Expresses the sense of the House of Representatives that any action taken by the Department of Justice should be consistent with the following goals: (1) the mortgage servicers who engage in fraudulent behavior should not be granted criminal or civil immunity for potential wrongdoing related to illegal mortgage and foreclosure practices; (2) the federal government and state attorneys general should proceed with full investigation into claims of fraudulent behavior by mortgage servicers; and (3) any financial settlement reached with mortgage servicers should appropriately compensate for, and accurately reflect, the extent of harm to all victims, including homeowners and state pension beneficiaries, caused by the mortgage servicer's fraudulent behavior. | 2021-09-28T12:29:37Z | |
| 112-hr-3325 | 112 | hr | 3325 | Livable Communities Act of 2011 | Housing and Community Development | 2011-11-02 | 2012-01-12 | Referred to the Subcommittee on Domestic Monetary Policy and Technology. | House | Rep. Perlmutter, Ed [D-CO-7] | CO | D | P000593 | 17 | Livable Communities Act of 2011 - Establishes in the Department of Housing and Urban Development (HUD) an Office of Sustainable Housing and Communities (OSHC). Requires the OSHC Director to establish a program to make comprehensive planning grants to eligible entities (partnerships between a consortium of units of general local government and an eligible partner or an Indian tribe that meets specified requirements). Defines "eligible partner" as a metropolitan planning organization, a rural planning organization, or a regional council, or one of these and a state, an Indian tribe, a state and an Indian tribe, or an institution of higher education. Requires the use of a comprehensive planning grant to carry out a project to: (1) coordinate locally defined planning processes, across jurisdictions and agencies; (2) identify regional partnerships for developing and implementing a comprehensive regional plan; (3) conduct or update assessments to determine regional needs and promote economic and community development; (4) develop or update a comprehensive regional plan or goals and strategies to implement an existing comprehensive regional plan and other related activities; and (5) identify local zoning and other code changes necessary to implement a comprehensive regional plan and promote sustainable development. Requires the use of a community challenge grant to: (1) promote integrated planning and investments across policy and governmental jurisdictions, and (2) implement projects identified in a comprehensive regional plan. Authorizes the Secretary of HUD to make or guarantee (up to 75% of) loans to eligible governmental, corporate, or partnership borrowers for infrastructure development projects used to support transit-oriented development. Requires the Director of the Office of Healthy Homes and Lead Hazard Control to lead the federal initiative to support healthy housing and eradicate housing-related health hazards. Requires the Secretary to study how sustainable building features in housing, such as energy ef… | 2020-02-14T19:19:52Z | |
| 112-hr-3254 | 112 | hr | 3254 | Affordable Communities Employment Act of 2011 | Housing and Community Development | 2011-10-25 | 2012-01-12 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Velazquez, Nydia M. [D-NY-12] | NY | D | V000081 | 0 | Affordable Communities Employment Act of 2011 - Amends the Housing and Urban Development Act of 1968 with respect to housing and community development programs directed toward low- and very low-income persons, particularly recipients of government housing assistance. Establishes, in the Department of Housing and Urban Development (HUD), an Office of Economic Opportunities to carry out such programs. Prescribes requirements for training and employment programs, conditioning the use of funds by recipient, contractor, and subcontractor on priority to low- and very low-income persons for training and employment opportunities generated by such funds. Specifies among low- and very low-income persons recipients of federal rental assistance, including public housing residents, residents of other federally assisted subsidized properties, and participants in the Section 8 rental housing assistance program. Sets priorities in contracting under such programs for: (1) qualified businesses that are majority owned and controlled by low- and very-low income persons residing in the service area, metropolitan area, or non-metropolitan county where the assistance is being expended; (2) qualified businesses that provide significant training and job opportunities to low- and very low-income persons who reside in such area or county; (3) qualified businesses or to disadvantaged businesses located in distressed communities that provide economic opportunities to low-income residents of such area or county; (4) small and disadvantaged qualified businesses; and (5) other qualified businesses located in such area or county. | 2023-01-11T13:22:03Z | |
| 112-s-1737 | 112 | s | 1737 | Sensible Accounting to Value Energy Act of 2011 | Housing and Community Development | 2011-10-19 | 2011-10-19 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Bennet, Michael F. [D-CO] | CO | D | B001267 | 4 | Sensible Accounting to Value Energy Act of 2011 - Directs the Secretary of Housing and Urban Development (HUD) to issue guidelines for all federal mortgage agencies (including the Federal National Mortgage Association [Fannie Mae], the Federal Home Loan Mortgage Corporation [Freddie Mac], and any affiliates) to implement enhanced loan eligibility requirements, for use when determining the ability of a loan applicant to repay a covered loan, that account for the expected costs of energy at the property involved. Directs the Secretary to issue guidelines for how covered agencies shall determine: (1) the maximum permitted loan amount based on the value of the property for all covered loans made on properties with an energy efficiency report, and (2) the estimated energy savings for properties with such a report. Amends the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 to require rules by the federal financial institutions regulatory agency and the Resolution Trust Corporation for real estate appraisals for federally related transactions to require that state-certified appraisers have timely access, whenever practicable, to lender information relevant to an appraisal of the energy and water efficiency or conserving improvements or features of property. Applies the requirement of state certified appraisers to transactions involving any real property on which the appraiser makes adjustments using an energy efficiency report. Directs the Secretary to establish an advisory group on the implementation of the enhanced energy efficiency underwriting criteria established in this Act. | 2023-01-11T13:21:58Z | |
| 112-sres-297 | 112 | sres | 297 | A resolution congratulating the Corporation for Supportive Housing on the 20th anniversary of its founding. | Housing and Community Development | 2011-10-18 | 2011-10-18 | Referred to the Committee on the Judiciary. (text of measure as introduced: CR S6672) | Senate | Sen. Menendez, Robert [D-NJ] | NJ | D | M000639 | 8 | Congratulates the Corporation for Supportive Housing on the 20th anniversary of its founding. Supports its mission of preventing and ending homelessness in the United States. Encourages its staff to continue their tireless efforts on behalf of the people in the United States without a home. | 2023-01-11T13:22:58Z | |
| 112-hr-3164 | 112 | hr | 3164 | Short Sale Transparency Act of 2011 | Housing and Community Development | 2011-10-12 | 2011-10-21 | Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. | House | Rep. Davis, Susan A. [D-CA-53] | CA | D | D000598 | 12 | Short Sale Transparency Act of 2011 - Directs the Director of the Federal Housing Finance Agency to require the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac), in any case in which one or the other denies the purchase of a residential mortgage loan made to finance the purchase, under a short sale, of a covered dwelling on the basis that the purchase price involved is insufficient, to disclose promptly to the prospective seller the amount by which the purchase price was less than the minimum purchase price sufficient for approval of the purchase of such mortgage. | 2023-01-11T13:22:08Z | |
| 112-hr-3129 | 112 | hr | 3129 | Family Foreclosure Rescue Corporation Act | Housing and Community Development | 2011-10-06 | 2012-01-12 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Baca, Joe [D-CA-43] | CA | D | B001234 | 1 | Family Foreclosure Rescue Corporation Act - Instructs the Secretary of the Treasury to establish the Family Foreclosure Rescue Corporation to acquire, via the sale of bonds, home mortgages, and other obligations and liens secured by real estate which are currently in default or at foreseeable risk of default. | 2023-01-11T13:22:09Z | |
| 112-hres-426 | 112 | hres | 426 | Recognizing the impact of Mr. Hulbert James on politics, urban development, and New York City, and paying tribute to Mr. James for his lifetime of public service. | Housing and Community Development | 2011-10-06 | 2011-10-06 | Referred to the House Committee on Financial Services. | House | Rep. Clarke, Yvette D. [D-NY-11] | NY | D | C001067 | 3 | Recognizes the impact Mr. James Hulbert had on politics, urban development, and New York City. Pays tribute to him for his lifetime of public service. | 2023-01-11T13:22:02Z | |
| 112-hr-3084 | 112 | hr | 3084 | Mortgage Credit Availability Act of 2011 | Housing and Community Development | 2011-10-03 | 2011-10-21 | Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. | House | Rep. Quigley, Mike [D-IL-5] | IL | D | Q000023 | 1 | Mortgage Credit Availability Act of 2011 - Requires the Director of the Federal Housing Finance Agency, for 2012-2014, to determine for each county witha population exceeding one million individuals whether a significant share of the county population resides, as of the commencement of each such year, in sub-areas of the county for which the median price for a one-, two-, three-, or four-family residence is more than three times the national median price for such a residence. Authorizes the Director, with respect to any such county, to increase the limitation on the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) for any size or sizes of residences for a contiguous, reasonably compact set of sub-areas within the county for which the median price exceeds three times the national price. Applies to an entire Metropolitan Statistical Area (MSA) any such increase in limitation if the county for which the limitation is increased is located in that MSA. | 2023-01-11T13:22:12Z | |
| 112-s-1623 | 112 | s | 1623 | A bill to provide a processing extension for emergency mortgage relief payments, and for other purposes. | Housing and Community Development | 2011-09-23 | 2011-09-23 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Casey, Robert P., Jr. [D-PA] | PA | D | C001070 | 4 | Amends the Emergency Housing Act of 1975, as amended by the Dodd-Frank Wall Street Reform and Consumer Protection Act, to extend eligibility for loan or advance of credit insurance or emergency mortgage relief payments to mortgagors who: (1) applied for a loan, advance, or emergency mortgage relief payments on or before September 30, 2011; and (2) were approved to receive the benefit of such loan, advance, or emergency mortgage relief on or before December 31, 2011. | 2023-01-11T13:22:15Z | |
| 112-s-1617 | 112 | s | 1617 | Healthy Housing Council Act of 2011 | Housing and Community Development | 2011-09-22 | 2011-09-22 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5911-5913) | Senate | Sen. Reed, Jack [D-RI] | RI | D | R000122 | 4 | Healthy Housing Council Act of 2011 - Establishes in the executive branch an independent Interagency Council on Healthy Housing. Requires the Council to: (1) review federal programs and services that provide housing, health, energy, or environmental services to families and individuals; (2) monitor, evaluate, and recommend improvements in programs and services administered, funded, or financed by federal, state, and local agencies; (3) recommend ways to reduce duplication among federal programs and services; and (4) ensure collaboration among and within agencies in the provision and availability of such programs and services. | 2023-01-11T13:22:16Z | |
| 112-s-1621 | 112 | s | 1621 | Livable Communities Act of 2011 | Housing and Community Development | 2011-09-22 | 2011-09-22 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S5914-5919) | Senate | Sen. Menendez, Robert [D-NJ] | NJ | D | M000639 | 19 | Livable Communities Act of 2011 - Establishes in the Department of Housing and Urban Development (HUD) an Office of Sustainable Housing and Communities (OSHC). Requires the OSHC Director to establish a program to make comprehensive planning grants to eligible entities (partnerships between a consortium of units of general local government and an eligible partner or an Indian tribe that meets specified requirements). Defines "eligible partner" as a metropolitan planning organization, a rural planning organization, or a regional council, or one of these and a state, an Indian tribe, a state and an Indian tribe, or an institution of higher education. Requires the use of a comprehensive planning grant to carry out a project to: (1) coordinate locally defined planning processes, across jurisdictions and agencies; (2) identify regional partnerships for developing and implementing a comprehensive regional plan; (3) conduct or update assessments to determine regional needs and promote economic and community development; (4) develop or update a comprehensive regional plan or goals and strategies to implement an existing comprehensive regional plan and other related activities; and (5) identify local zoning and other code changes necessary to implement a comprehensive regional plan and promote sustainable development. Requires the use of a community challenge grant to: (1) promote integrated planning and investments across policy and governmental jurisdictions, and (2) implement projects identified in a comprehensive regional plan. Authorizes the Secretary of HUD to make or guarantee (up to 75% of) loans to eligible governmental, corporate, or partnership borrowers for infrastructure development projects used to support transit-oriented development. Requires the Director of the Office of Healthy Homes and Lead Hazard Control to lead the federal initiative to support healthy housing and eradicate housing-related health hazards. Requires the Secretary to study how sustainable building features in housing, such as energy ef… | 2023-01-11T13:22:15Z | |
| 112-hr-2986 | 112 | hr | 2986 | Community Partners Neighborhood Preservation Act of 2011 | Housing and Community Development | 2011-09-21 | 2011-10-04 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Baca, Joe [D-CA-43] | CA | D | B001234 | 0 | Community Partners Neighborhood Preservation Act of 2011 - Amends the National Housing Act to provide: (1) a 50% discount for teachers and public safety officers purchasing certain eligible asset properties for use as their primary residence during FY2012-FY2022, and (2) a $100 downpayment on any related insured mortgage. Authorizes such sales directly to a qualifying individual or to a unit of local government or a nonprofit organization for resale to such individual. Expresses the sense of Congress that the Secretary of Housing and Urban Development (HUD) should consult with the heads of other federal agencies that own or hold properties appropriate for use as housing to determine the possibility and effectiveness of including such properties in programs that make housing available for law enforcement officers, teachers, or fire fighters. Makes a public safety officer or teacher eligible to purchase any property owned or held by the Secretary pursuant to: (1) foreclosure of any HUD-insured mortgage; or (2) assignment of the mortgage, deed in lieu of foreclosure, conveyance of title, or any other acquisition of the property or mortgage in connection with the payment of insurance benefits by the Secretary. Directs the Secretary to revise the Good Neighbor Next Door Initiative to provide that the subordinate mortgage on the property of a mortgagor who purchased it under the Initiative shall be released in any case in which the mortgagor loses his or her employment position as a law enforcement officer, teacher, firefighter, or emergency medical technician as a result of any reductions in force or other reason other than dismissal for cause. Directs the Secretary of HUD, in making any real estate owned by HUD available for purchase, to provide a preference for purchase by public safety officers and teachers. | 2023-01-11T13:22:22Z | |
| 112-hr-2979 | 112 | hr | 2979 | Natural Disaster Emergency Mortgage Relief Act of 2011 | Housing and Community Development | 2011-09-20 | 2011-10-04 | Referred to the Subcommittee on Financial Institutions and Consumer Credit. | House | Rep. Smith, Christopher H. [R-NJ-4] | NJ | R | S000522 | 1 | Natural Disaster Emergency Mortgage Relief Act of 2011 - Amends the Truth in Lending Act to allow temporary deferral of mortgage loan payments, without penalty and without adverse treatment of the consumer, during a 30-, 60-, or 90-day period in which a consumer's principal residence has been severely impacted by a natural disaster in an area for which the President has declared a major disaster. | 2023-01-11T13:22:22Z | |
| 112-hres-408 | 112 | hres | 408 | Recognizing the impact of Mr. Hulbert James on politics, urban development, and New York City, and paying tribute to Mr. Hulburt for his lifetime of public service. | Housing and Community Development | 2011-09-20 | 2011-09-20 | Referred to the House Committee on Financial Services. | House | Rep. Clarke, Yvette D. [D-NY-11] | NY | D | C001067 | 3 | Recognizes the impact Mr. James Hulbert had on politics, urban development, and New York City. Pays tribute to him for his lifetime of public service. | 2023-01-11T13:22:19Z | |
| 112-hr-2963 | 112 | hr | 2963 | To authorize the Secretary of Housing and Urban Development to provide grants to eligible nonprofit organizations to provide specialized housing and social services to elderly individuals who are the primary caregiver of a child that is related to such individual. | Housing and Community Development | 2011-09-15 | 2011-10-04 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Serrano, Jose E. [D-NY-16] | NY | D | S000248 | 1 | Establishes in the Department of Housing and Urban Development (HUD) a program to provide up to five grants, on a need and competitive basis, to eligible nonprofit organizations for start-up and ongoing operational costs associated with providing specialized housing and social services for qualified relatives, age 65 or older, who are raising a child of which they are not a parent either by blood or marriage. | 2023-01-11T13:22:23Z | |
| 112-hr-2817 | 112 | hr | 2817 | National Youth Sports Program Revitalization Act of 2011 | Housing and Community Development | 2011-08-12 | 2011-08-30 | Referred to the House Committee on Education and the Workforce. | House | Rep. Fudge, Marcia L. [D-OH-11] | OH | D | F000455 | 0 | National Youth Sports Program Revitalization Act of 2011 - Amends the Community Services Block Grant Act to authorize appropriations for FY2012-FY2022 for national or regional instructional programs for low-income youth. | 2023-01-11T13:22:31Z | |
| 112-s-1508 | 112 | s | 1508 | Homeownership Affordability Act of 2011 | Housing and Community Development | 2011-08-02 | 2011-08-02 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Menendez, Robert [D-NJ] | NJ | D | M000639 | 18 | Homeownership Affordability Act of 2011 - Extends through December 31, 2013, specified loan limits for the Federal Housing Administration (FHA), the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) (government-sponsored enterprises), and the Department of Veterans Affairs. Directs the Federal Housing Finance Agency to increase mortgage guarantee fees charged by Fannie Mae and Freddie Mac for mortgage loans of between $625,500 and $729,750 originated between October 1, 2011 and December 31, 2013, in an amount necessary to increase by $336 million the revenue raised from such fees. | 2023-01-11T13:22:28Z | |
| 112-hr-2761 | 112 | hr | 2761 | To amend section 520 of the Housing Act of 1949 to provide flexibility to the definition of rural areas. | Housing and Community Development | 2011-08-01 | 2011-08-22 | Referred to the Subcommittee on Insurance, Housing and Community Opportunity. | House | Rep. Manzullo, Donald A. [R-IL-16] | IL | R | M001138 | 0 | Amends the Housing Act of 1949, with respect to financial assistance to farm owners through the Farmers Home Administration, to permit the Secretary of Agriculture to consider as rural or a rural area for farm housing purposes a place, town, village, or city with a population of 35,000 or less that demonstrates that it is experiencing economic distress from which such financial assistance would be of significant value in helping it recover. Cites as evidence of economic distress: (1) an unemployment rate higher than the national average, or (2) an average wage or home sale price lower than the national wage. | 2023-01-11T13:22:33Z | |
| 112-s-1431 | 112 | s | 1431 | Rural Health Care Capital Access Reauthorization Act of 2011 | Housing and Community Development | 2011-07-27 | 2011-07-27 | Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. | Senate | Sen. Kohl, Herb [D-WI] | WI | D | K000305 | 6 | Rural Health Care Capital Access Reauthorization Act of 2011 - Amends the National Housing Act to extend from July 31, 2011 to July 31, 2016, the exemption for critical access hospitals from the limit on patient days customarily assignable to specified categories of care under the Department of Housing and Urban Development (HUD) (Federal Housing Administration [FHA]) hospital mortgage insurance program. | 2023-01-11T13:22:36Z |
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CREATE TABLE legislation (
bill_id TEXT PRIMARY KEY,
congress INTEGER,
bill_type TEXT,
bill_number INTEGER,
title TEXT,
policy_area TEXT,
introduced_date TEXT,
latest_action_date TEXT,
latest_action_text TEXT,
origin_chamber TEXT,
sponsor_name TEXT,
sponsor_state TEXT,
sponsor_party TEXT,
sponsor_bioguide_id TEXT,
cosponsor_count INTEGER DEFAULT 0,
summary_text TEXT,
update_date TEXT,
url TEXT
);
CREATE INDEX idx_leg_congress ON legislation(congress);
CREATE INDEX idx_leg_type ON legislation(bill_type);
CREATE INDEX idx_leg_policy ON legislation(policy_area);
CREATE INDEX idx_leg_date ON legislation(introduced_date);
CREATE INDEX idx_leg_sponsor ON legislation(sponsor_name);
CREATE INDEX idx_leg_sponsor_bioguide ON legislation(sponsor_bioguide_id);