| Also tagged in: Affordable housing, Budgets, Civil rights, Collection of accounts, Fair housing, Federal aid to housing, Federal-state relations, Finance, Foreclosure, Government lending, Home ownership, Housing, Housing subsidies, Intergovernmental fiscal relations, Low-income housing, Mortgages Latest Action: 05/08/2008 - H.AMDT.1042 On agreeing to the Hensarling amendment (A004) Failed by recorded vote: 190 - 219 (Roll no. 295). (consideration: CR H3191-3192; text: CR H3191-3192)
Bill TextTo authorize the Secretary of Housing and Urban Development to make loans to States to acquire foreclosed housing and to make grants to States for related costs. 4/16/2008--Introduced. Neighborhood Stabilization Act of 2008 - Requires the Secretary of Housing and Urban Development (HUD) to make grants and loans to qualified states, in accordance with HUD-approved plans, to carry out eligible housing stimulus activities. Allows such loans to be used by a state, a unit of local government or its entity, or a nonprofit organization. Limits the use of such loans to: (1) purchasing or financing the purchase of qualified foreclosed housing for resale as housing for homeownership to families having incomes of up to 140% of the median income for the area in which the housing is located; (2) rental of such housing only by families whose incomes do not exceed 100% of such median income in the area; and (3) rehabilitation of such property for the purpose of reselling it [...] show full description | | Also tagged in: Afghanistan, Armed forces, Budgets, Business, Collection of accounts, Debt, Debtor and creditor, Defense policy, Families, Finance, Government lending, Housing, Housing subsidies, Iraq, Iraq compilation, Middle East and North Africa Latest Action: 02/01/2008 - Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
Bill TextTo amend title 38, United States Code, to prohibit the Secretary of Veterans Affairs from collecting certain debts to the United States in the case of veterans who die as a result of a service-connected disability incurred or aggravated on active duty in a combat zone, and for other purposes. 1/29/2008--Introduced. Combat Veterans Debt Elimination Act of 2008 - Prohibits the Secretary of Veterans Affairs from collecting debts owed to the United States by certain veterans who die as a result of a service-connected disability incurred or aggravated on active duty in a war after the Persian Gulf War or a combat zone after September 11, 2001, if the Secretary determines, in his or her discretion, that the termination of collection is in the best interest of the United States. Excepts any amounts owed the United States under federal housing and small business loan programs from such prohibition on debt collection. | | Also tagged in: Afghanistan, Armed forces, Budgets, Business, Collection of accounts, Debt, Debtor and creditor, Defense policy, Families, Finance, Government lending, Housing, Housing subsidies, Iraq, Iraq compilation, Middle East and North Africa Latest Action: 02/01/2008 - Referred to the Subcommittee on Disability Assistance and Memorial Affairs.
Bill TextTo amend title 38, United States Code, to prohibit the Secretary of Veterans Affairs from collecting certain debts owed to the United States by members of the Armed Forces and veterans who die as a result of an injury incurred or aggravated on active duty in a combat zone, and for other purposes. 1/28/2008--Introduced. Combat Veterans Debt Elimination Act of 2008 - Prohibits the Secretary of Veterans Affairs from collecting debts owed to the United States by certain members of the armed forces or veterans who die as a result of an injury incurred or aggravated on active duty in a war or a combat zone after September 11, 2001. Excepts any amounts owed the United States under federal housing and small business loan programs from such prohibition on debt collection. | | Also tagged in: Afghanistan, Armed forces, Budgets, Business, Collection of accounts, Debt, Debtor and creditor, Defense policy, Families, Finance, Government lending, Housing, Housing subsidies, Iraq, Iraq compilation, Middle East and North Africa Latest Action: 01/23/2008 - Read twice and referred to the Committee on Veterans' Affairs.
Bill TextA bill to amend title 38, United States Code, to prohibit the Secretary of Veterans Affairs from collecting certain debts owed to the United States by members of the Armed Forces and veterans who die as a result of an injury incurred or aggravated on active duty in a combat zone, and for other purposes. 1/23/2008--Introduced. Combat Veterans Debt Elimination Act of 2008 - Prohibits the Secretary of Veterans Affairs from collecting debts owed to the United States by certain members of the armed forces or veterans who die as a result of an injury incurred or aggravated on active duty in a war or a combat zone after September 11, 2001. Excepts any amounts owed the United States under federal housing and small business loan programs from such prohibition on debt collection.
| | Also tagged in: Afghanistan, Armed forces, Budgets, Business, Collection of accounts, Debt, Debtor and creditor, Defense policy, Families, Finance, Government lending, Housing, Housing subsidies, Iraq, Iraq compilation, Middle East and North Africa Latest Action: 01/22/2008 - Sponsor introductory remarks on measure. (CR S96-97)
Bill TextA bill to amend title 38, United States Code, to prohibit the Secretary of Veterans Affairs from collecting certain debts to the United States in the case of veterans who die as a result of a service-connected disability incurred or aggravated on active duty in a combat zone, and for other purposes. 1/22/2008--Introduced. Combat Veterans Debt Elimination Act of 2008 - Prohibits the Secretary of Veterans Affairs from collecting debts owed to the United States by certain veterans who die as a result of a service-connected disability incurred or aggravated on active duty in a war after the Persian Gulf War or a combat zone after September 11, 2001, if the Secretary determines, in his or her discretion, that the termination of collection is in the best interest of the United States. Excepts any amounts owed the United States under federal housing and small business loan programs from such prohibition on debt collection. | | Also tagged in: Affordable housing, Apartment houses, Budgets, Building construction, Citizen participation, Congressional reporting requirements, Counseling, Criminal justice, Data banks, Education, Electronic government information, Elementary and secondary education, Emergency management, Energy, Energy conservation, Energy conservation in buildings Latest Action: 12/19/2007 - Sponsor introductory remarks on measure. (CR S16014-16015)
Bill TextA bill to establish the National Affordable Housing Trust Fund in the Treasury of the United States to provide for the construction, rehabilitation, and preservation of decent, safe, and affordable housing for low-income families. 12/19/2007--Introduced. National Affordable Housing Trust Fund Act of 2007 - Amends the Cranston-Gonzalez National Affordable Housing Act to establish in the Treasury a National Affordable Housing Trust Fund available to the Secretary of Housing and Urban Development to provide assistance to states, Indian tribes, insular areas, and participating local jurisdictions to increase the supply of decent quality affordable housing, especially for low-income, extremely low-income, and very poor families. Prohibits the use of appropriations to the Fund for a fiscal year unless the amount equal to the net increase in the negative credit subsidy for specified mortgage insurance programs is first made available for: (1) single family housing mortgage [...] show full description | | Also tagged in: Children, College costs, Education, Evaluation research (Social action programs), Families, Finance, Foster home care, Higher education, Housing, Job training, Personal budgets, Saving and investment, Social services, Vocational education, Welfare, Youth Latest Action: 11/13/2007 - Sponsor introductory remarks on measure. (CR S14298)
Bill TextA bill to provide Individual Development Accounts to support foster youths who are transitioning from the foster care system. 11/13/2007--Introduced. Focusing Investments and Resources for a Safe Transition Act, or FIRST Act - Amends the Child Abuse Prevention and Treatment Act to authorize the Secretary of Health and Human Services to make competitive grants to and enter into contracts with states (or state partners) to enable them to establish Individual Development Accounts for qualified foster youth to assist them in achieving self-support for housing, education, vocational training, and specified other purposes after leaving foster care. | | Also tagged in: Aged, Apartment houses, Auditing, Budgets, Condominium (Housing), Congress, Congressional oversight, Congressional reporting requirements, Correspondent banks, Disaster relief, Disasters, Emergency management, Federally-guaranteed loans, Finance, Government information, Government paperwork Latest Action: 11/08/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill TextA bill to modernize and update the National Housing Act and enable the Federal Housing Administration to use risk-based pricing to more effectively reach underserved borrowers, and for other purposes. 11/8/2007--Introduced. Expanding American Homeownership Act of 2007 - Amends the National Housing Act to: (1) modify guidelines governing the maximum principal loan obligation; (2) extend the mortgage term; and (3) revise requirements for cash payment by the mortgagor in the eligibility criteria for mortgage insurance. Directs the Secretary of Housing and Urban Development (HUD) to reinstate the current downpayment requirement in the event of increased defaults. Authorizes the Secretary to establish a mortgage insurance premium structure involving a single premium payment collected prior to the insurance of the mortgage that may vary during the mortgage term as long as the basis for determining the variable rate is established before the execution of the mortgage.[...] show full description | | Also tagged in: Armed forces, Bonds, Business, Capital gains tax, College costs, Defense policy, Disabled, Earned income tax credit, Education, Education savings accounts, Emergency management, Expatriation, Finance, Fire fighters, Gift tax, Government life insurance Latest Action: 12/20/2007 - Message on Senate action sent to the House.
Bill TextAn Act to amend the Internal Revenue Code of 1986 to provide tax relief and protections for military personnel, and for other purposes. 12/19/2007--Senate agreed to House amendment with amendment. (There are 4 other summaries) Defenders of Freedom Tax Relief Act of 2007 - Amends the Internal Revenue Code to provide tax relief and earnings assistance to members of the uniformed services, increase penalties for noncompliance with tax requirements, and make technical amendments and clerical corrections.Title I: Benefits for Military - (Sec. 101) Makes permanent the taxpayer election to include combat zone compensation as earned income for purposes of computing the earned income tax credit. (Sec. 102) Makes permanent the eligibility of veterans for mortgage bond financing of residences without regard to first-time homebuyer requirements. Increases to $100 million the veterans' mortgage bond limitation in Alaska, Oregon, and Wisconsin.[...] show full description | | Also tagged in: Administrative procedure, Apartment houses, Bonds, Budgets, Congressional reporting requirements, Department of Agriculture, Executive departments, Federally-guaranteed loans, Finance, Government lending, Housing, Housing subsidies, Income tax, Law, Low-income housing, Moderate income housing Latest Action: 01/24/2008 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill TextTo expedite the transfer of ownership of rural multifamily housing projects with loans made or insured under section 515 of the Housing Act of 1949 so that such projects are rehabilitated and preserved for use for affordable housing. 1/23/2008--Passed House without amendment. (There are 2 other summaries) (This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)Section 515 Rural Housing Property Transfer Improvement Act of 2007 - Amends the Housing Act of 1949 to direct the Secretary of Agriculture to: (1) implement administrative and procedural changes to expedite the application approval process for transferring ownership of Section 515 rural multifamily housing projects for which a loan is either made or insured for a project's preservation, continued use restriction, and rehabilitation; and (2) actively facilitate such transfers. (A Section 515 project is one involving [...] show full description | | Also tagged in: Bank accounts, Budgets, Conflict of interests, Congress, Congressional investigations, Congressional reporting requirements, Consumer credit, Consumer education, Consumers, Debtor and creditor, Disaster insurance, Emergency management, Federally-guaranteed loans, Fees, Finance, Floods Latest Action: 11/07/2007 - Committee Consideration and Mark-up Session Held.
Bill TextTo require escrows for certain mortgage loans, to improve mortgage servicing, to promote sustainable homeownership opportunities, to enhance appraisal quality and standards, to better appraisal oversight, to mitigate appraiser pressure, and for other purposes. 10/16/2007--Introduced. Escrow, Appraisal, and Mortgage Servicing Improvements Act - Amends the Truth in Lending Act to require a creditor, in a consumer credit transaction secured by the consumer's principal dwelling, to establish an escrow or impound account to pay taxes and hazard insurance, and, if applicable, flood insurance, mortgage insurance, ground rents, and any other required periodic payments or premiums. Requires written disclosures by the creditor to the consumer regarding: (1) such escrow or impound account; and (2) consumers who opt out of escrow services. Amends the Real Estate Settlement Procedures Act of 1974 to proscribe specified practices by the servicer of a federally related mortgage,[...] show full description | | Also tagged in: Administrative fees, Afghanistan, Alien labor, Aliens, Armed forces, Armed forces abroad, Budgets, Communications, Computer literacy, Congress, Congress and foreign policy, Congressional reporting requirements, Counseling, Defense policy, Department of Defense, Department of State Latest Action: 11/02/2007 - Referred to the Subcommittee on Immigration, Citizenship, Refugees, Border Security, and International Law.
Bill TextTo provide assistance to Iraqi nationals who supported the United States, and for other purposes. 10/12/2007--Introduced. Relocation Empowerment and Placement Assistance for Iraqi Refugees Act of 2007 or REPAIR Act of 2007 - Waives visa and related fees relating to special immigrant status for Afghan or Iraqi nationals who worked with the U.S. Chief of Mission or the U.S. Armed Forces as interpreters or translators. Waives numerical limitations with respect to such special immigrants. Expands such category to include persons who: (1) performed such services with a U.S. contractor; or (2) performed other services. Makes additional U.S. military officers eligible to recommend such nationals for special immigrant status. Directs the Secretary of State (Secretary) to make every effort to ensure that aliens applying for special immigrant status and visas, and aliens applying for refugee status and visas, may apply and interview within Iraq in Baghdad [...] show full description | | Latest Action: 10/10/2007 - Referred to the House Committee on Financial Services.
Bill TextTo amend the Truth in Lending Act to prohibit mortgage originators from receiving incentive compensation that varies with the terms of a residential mortgage loan and from steering consumers to residential mortgage loans that are not in the consumers' best interest, and for other purposes X. 10/10/2007--Introduced. Mortgage Kickback Prevention Act of 2007 - Amends the Truth in Lending Act to prohibit a mortgage originator from receiving payment of incentive compensation, including yield spread premium, that is based upon, or varies with, the terms of a residential mortgage loan (steering incentive). | | Also tagged in: Armed forces, Bonds, Defense policy, Finance, Housing, Income tax, Individual retirement accounts, Military personnel, Mortgages, Pensions, Tax exemption, Tax penalties, Tax-deferred compensation plans, Taxation, Veterans, Veterans' benefits Latest Action: 10/10/2007 - Referred to the House Committee on Ways and Means.
Bill TextTo amend the Internal Revenue Code of 1986 to extend for 1 year the authority for individuals called to active duty to make penalty-free withdrawals from retirement plans and for the use of tax-exempt bonds to finance homes for veterans without regard to the first-time homebuyer requirement. 10/10/2007--Introduced. Military Financial Assistance Act of 2007 - Amends the Internal Revenue Code to extend through 2008: (1) the exemption from tax penalties for withdrawals from retirement plans made by active duty military personnel; and (2) mortgage revenue bond issuance authority for financing of home purchases by veterans. | | Also tagged in: Administrative procedure, Business, Department of Housing and Urban Development, Executive departments, Federal incorporation, Finance, Housing, Law, Mortgage banks, Mortgages, Politics and government, Secondary mortgage market Latest Action: 10/09/2007 - Referred to the House Committee on Financial Services.
Bill TextTo temporarily raise the portfolio caps applicable to Freddie Mac and Fannie Mae, to provide the necessary financing to curb foreclosures by facilitating the refinancing of at-risk subprime borrowers into safe, prime loans, to preserve liquidity in the mortgage lending markets, and for other purposes. 10/9/2007--Introduced. Protecting Access to Safe Mortgages Act - Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to increase mortgage portfolio limitations placed upon: (1) the Federal National Mortgage Association (Fannie Mae); and (2) the Federal Home Loan Mortgage Corporation (Freddie Mac), respectively. Instructs the Director of the Office of Federal Housing Enterprise Oversight (OFHEO) of the Department of Housing and Urban Development (HUD) to lift: (1) the limitation on growth provision set forth in the Fannie Mae Consent Order; and (2) the voluntary temporary growth limitation described in a certain [...] show full description | | Latest Action: 10/03/2007 - Referred to the House Committee on Ways and Means.
Bill TextTo amend the Internal Revenue Code of 1986 to make permanent the use of qualified mortgage bonds to finance residences for veterans without regard to the first-time homebuyer requirement. 10/3/2007--Introduced. Amends the Internal Revenue Code to make permanent the use of tax-exempt mortgage revenue bonds to finance the purchase of residences for veterans who are exempt from prior homeownership requirements. | | Also tagged in: Administrative procedure, Consumer education, Consumers, Debtor and creditor, Department of Housing and Urban Development, Executive departments, Fees, Finance, Government information, Government paperwork, Housing, Law, Mortgage banks, Mortgage interest rates, Mortgages, Settlement costs Latest Action: 10/02/2007 - Referred to the House Committee on Financial Services.
Bill TextTo amend the Real Estate Settlement Procedures Act of 1974 to require the submission to each borrower under a federally related mortgage loan of a one-page description of the essential terms of the loan. 10/2/2007--Introduced. Mortgage Disclosure Simplification Act of 2007 - Amends the Real Estate Settlement Procedures Act of 1974 to instruct the Secretary of Housing and Urban Development to develop and prescribe standard written forms stating the essential terms of a federally related mortgage loan, which lenders or mortgage brokers shall provide to prospective mortgagors. Requires such disclosures to include: (1) a statement of terms regarding a federally related mortgage loan; and (2) a statement of basic easy-to-understand definitions or explanations of such terms. | | Latest Action: 12/10/2007 - Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Bill TextTo amend the Truth in Lending Act to require notice to consumers of an upcoming adjustment or reset date with respect to hybrid adjustable rate mortgages, and for other purposes. 9/27/2007--Introduced. Fair Disclosure for Homeowners Act of 2007 - Amends the Truth in Lending Act to require the creditor or servicer of a loan to disclose specified financial information in writing to a consumer concerning the interest rate in effect during the introductory period of a hybrid adjustable rate mortgage which adjusts or resets to a variable interest rate. Requires such disclosure to include: (1) any index or formula used in making adjustments to or resetting the interest rate and a source of information about the index or formula; (2) an explanation of how the new interest rate and payment would be determined; (3) the best estimate of the creditor or servicer of the amount of the monthly payment that will apply after the date of the adjustment or reset, and the assumptions [...] show full description | | Also tagged in: Bankruptcy, Business, Cooperative housing, Corporation taxes, Debt, Education, Emergency management, Emergency medicine, Families, Finance, Fire fighters, Higher education, Home ownership, Housing, Income tax, Insurance premiums Latest Action: 12/20/2007 - Became Public Law No: 110-142.
Bill TextTo amend the Internal Revenue Code of 1986 to exclude discharges of indebtedness on principal residences from gross income, and for other purposes. 12/20/2007--Public Law. (There are 4 other summaries) (This measure has not been amended since it was passed by the Senate on December 14, 2007. The summary of that version is repeated here.)Mortgage Forgiveness Debt Relief Act of 2007 - Amends the Internal Revenue Code to exclude from gross income amounts attributable to a discharge, prior to January 1, 2010, of indebtedness incurred to acquire a principal residence. Limits to $2 million the excludable amount of such indebtedness. Reduces the basis of a principal residence by the amount of discharged indebtedness excluded from gross income. Disallows an exclusion for a discharge of indebtedness on account of services performed for the lender or any other factor not directly related to a decline in the value of the residence or to the financial [...] show full description | | Also tagged in: Congress, Congressional reporting requirements, Debtor and creditor, Economic impact statements, Economic policy, Executive departments, Federal advisory bodies, Federal-state relations, Finance, Foreclosure, Home ownership, Housing, Legislation, Mortgage banks, Mortgages, State and local government Latest Action: 09/25/2007 - Referred to the House Committee on Financial Services.
Bill TextTo establish a bipartisan commission to perform a comprehensive examination of the current foreclosure and mortgage lending crisis and to make recommendations for legislative and regulatory changes to address such problems. 9/25/2007--Introduced. Foreclosure Prevention and Homeownership Protection Act - Establishes the Commission to Preserve the American Dream (Commission) to study and report to Congress and the President on: (1) the adequacy of the existing legal and regulatory framework to address the current foreclosure and mortgage lending crisis and to prevent similar crises from happening in the future; (2) the role of the states versus the role of the federal government in ensuring homeowners are protected against unscrupulous lending practices; and (3) the effects of this crisis on the domestic and world economies. Requires the Commission to make recommendations regarding: (1) ways to assist homeowners currently in danger of losing their homes; (2) ways to encourage [...] show full description | | Latest Action: 09/20/2007 - Referred to the House Committee on Ways and Means.
Bill TextTo amend the Internal Revenue Code of 1986 to allow the deduction for interest on acquisition indebtedness on principal residences to all individuals, whether or not they itemize their other deductions. 9/20/2007--Introduced. Amends the Internal Revenue Code to allow an individual taxpayer to deduct from gross income interest incurred to acquire, construct, improve, or refinance a principal residence, whether or not such taxpayer itemizes other income tax deductions. | | Also tagged in: Armed forces, Bonds, Defense policy, Earned income tax credit, Finance, Home ownership, Housing, Income tax, Military pay, Military personnel, Mortgages, Taxation, Veterans, Veterans' benefits, Welfare, Welfare eligibility Latest Action: 09/20/2007 - Referred to the House Committee on Ways and Means.
Bill TextTo amend the Internal Revenue Code of 1986 to extend for 4 years the election to include combat pay as earned income for purposes of the earned income credit and the use of qualified mortgage bonds to finance residences for veterans without regard to first-time homebuyer requirement. 9/20/2007--Introduced. Providing Tax Fairness for Service Members and Veterans Act of 2007 - Amends the Internal Revenue Code to extend through 2011: (1) the taxpayer election to include combat pay as earned income for purposes of computing the earned income tax credit; and (2) eligibility of veterans for mortgage financing without regard to first-time homebuyer requirements. | | Also tagged in: Death, Divorce, Employee benefit plans, Families, Home ownership, Housing, Income tax, Labor, Law, Tax deductions, Tax exclusion, Tax penalties, Taxation, Trusts and trustees Latest Action: 09/17/2007 - Referred to the House Committee on Ways and Means.
Bill TextTo amend the Internal Revenue Code of 1986 to provide for the establishment of, and the deduction of contributions to, homeownership plans. 9/17/2007--Introduced. Restore American Dream Act of 2007 - Amends the Internal Revenue Code to establish tax-exempt homeownership plans. Allows a tax deduction from gross income for cash contributions to such plans. Defines "homeownership plan" as a trust established for the exclusive purpose of paying the costs (e.g., downpayment, interest, mortgage insurance, closing costs, etc.) of acquiring a principal residence by an individual who has never owned a principal residence. Excludes from gross income distributions from a homeownership plan used to pay the costs of acquiring a principal residence. Sets forth rules governing: (1) transfers of an interest in a plan due to death or divorce; (2) penalties for making distributions from a plan for purposes other than to acquire a principal residence; and (3) employer [...] show full description | | Also tagged in: Bank accounts, Consumer credit, Consumer education, Consumer protection, Consumers, Debtor and creditor, Finance, Housing, Insurance premiums, Mortgage banks, Mortgages, Property insurance, Property tax, Real estate appraisal, Taxation Latest Action: 09/14/2007 - Referred to the House Committee on Financial Services.
Bill TextTo amend the Truth in Lending Act to require escrow accounts for the payment of property taxes and insurance for all subprime loans, and to expand the coverage of the appraisal requirements under the Financial Institutions Reform, Recovery, and Enforcement Act of 1989, and for other purposes. 9/14/2007--Introduced. Homebuyer's Protection Act of 2007 - Amends the Truth in Lending Act to require a creditor to establish, in an insured depository institution, an escrow or impound account for payment of taxes and hazard insurance at the time of the consummation of a subprime mortgage transaction. Requires such account to remain in existence for as long as the subprime mortgage is outstanding. Requires creditors, before consummating a consumer credit transaction involving an impound, trust, or escrow account, to provide the following written disclosures: (1) that an escrow or impound account will be established; (2) the amount required to fund such account; (3) the [...] show full description | | Also tagged in: Administrative fees, Administrative procedure, Budgets, Capital, Department of Housing and Urban Development, Executive departments, Finance, Housing, Housing authorities, Housing management, Landlord and tenant, Law, Public housing, Rental housing, Welfare Latest Action: 02/26/2008 - Rule H. Res. 974 passed House.
Bill TextTo improve the Operating Fund for public housing of the Department of Housing and Urban Development. 1/29/2008--Reported to House amended. (There is 1 other summary) Public Housing Asset Management Improvement Act of 2007 - Prohibits the Secretary of Housing and Urban Development from imposing restrictions or limitations on the amount of management and related fees for a public housing project which the public housing agency (PHA) determines reasonable, unless such restriction or limitation: (1) is determined pursuant to a negotiated rulemaking convened by the Secretary no earlier than April 1, 2009, with representatives from interested parties; and (2) is effective only on or after January 1, 2011. Allows any PHA that owns or operates fewer than 500 public housing units under the United States Housing Act of 1937 to elect to be exempt from asset management requirements imposed by the Secretary. Prohibits the Secretary from imposing any requirement,[...] show full description | | Latest Action: 09/07/2007 - Referred to the House Committee on Ways and Means.
Bill TextTo amend the Internal Revenue Code of 1986 to exclude from gross income certain amounts of cancellation of indebtedness income on account of a foreclosure on the mortgage secured by the principal residence of the taxpayer. 9/7/2007--Introduced. Foreclosure Tax Relief Act of 2007 - Amends the Internal Revenue Code to exclude from gross income up to $50,000 of the amount attributable to a discharge of mortgage indebtedness or to a refinancing of a principal residence. Limits such tax exclusion to taxpayers with modified adjusted gross incomes of $100,000 or less ($200,000 in the case of a joint tax return). | | Latest Action: 08/03/2007 - Read twice and referred to the Committee on Finance.
Bill TextA bill to amend the Internal Revenue Code of 1986 to allow a refundable credit against income tax for the purchase of a principal residence by a first-time homebuyer. 8/3/2007--Introduced. First-Time Homebuyers' Tax Credit Act of 2007 - Amends the Internal Revenue Code to: (1) allow an income-based, one-time refundable tax credit for first-time homebuyers of ten percent of a principal residence's purchase price ($3,000 maximum credit, $6,000 maximum credit for joint filers); (2) allow transfer of such credit (within 30 days of transfer application) as payment towards related downpayment and closing costs; and (3) apply the credit to purchases made on or after January 1, 2008, and before January 1, 2013, and to binding contracts made between such dates, and in which the residence is occupied before July 1, 2014. | | Also tagged in: Affiliated corporations, Business, Claims, Consumer education, Consumer protection, Consumers, Finance, Housing, Mortgage banks, Mortgage interest rates, Property insurance, Property tax, Risk, Surety and fidelity, Taxation Latest Action: 01/11/2008 - Referred to the Subcommittee on Financial Institutions and Consumer Credit.
Bill TextTo amend the Truth in Lending Act to establish transparency and accountability requirements for mortgage brokers, and for other purposes. 8/1/2007--Introduced. Mortgage Broker Transparency and Accountability Act of 2007 – Amends the Truth in Lending Act to establish mandatory responsibilities, duties, and disclosures governing mortgage brokers. Deems any mortgage broker to have a statutory agency relationship with the consumer subject to all requirements under state or federal law. Sets forth disclosure requirements, including disclosure of: (1) the risks and benefits of each home mortgage loan product; (2) possible payment increases at the time of any resetting of rate; (3) the extent of any prepayment penalties and balloon payments; and (4) the consumer's responsibilities to pay taxes and insurance with respect to such product. Requires mortgage brokers to maintain a bond that inures, first, to the benefit of any consumer who has any claim against [...] show full description | | Also tagged in: Administrative procedure, Affordable housing, AIDS (Disease), Apartment houses, Budgets, Department of the Treasury, Executive departments, Federal aid to housing, Federally-guaranteed loans, Homeless, Housing, Housing subsidies, Income tax, Indian housing, Indians, Law Latest Action: 07/31/2007 - Referred to the House Committee on Ways and Means.
Bill TextTo require the Secretary of the Treasury to modify regulations to provide that certain Federal subsidies shall not be considered a grant made with respect to a building or its operation for purposes of the low-income housing tax credit. 7/31/2007--Introduced. Directs the Secretary of the Treasury to modify certain Treasury Regulations to provide that none of the following shall be considered a grant made with respect to a building or its operation for purposes of the required reduction of eligible basis by grants received under the low-income housing tax credit: (1) specified rental assistance under the Housing Act of 1949, Housing Act of 1959, and the Cranston-Gonzalez National Affordable Housing Act; (2) loan guarantees for multifamily rental housing in rural area under the Housing Act of 1949; (3) periodic interest reduction payments on behalf of owner of rental or cooperative housing project for low-income families under the National Housing Act; (4) modernization, operating,[...] show full description | | Also tagged in: Administrative fees, Administrative procedure, Afghanistan, Aged, Agriculture, Air conditioning, Air pollution, Air travel, Alaska, Alcohol as fuel, Algae, Alternative energy sources, American investments, Animals, Apartment houses, Appropriations Latest Action: 05/08/2008 - Mr. Frank (MA) moved that the House agree with amendments to the Senate amendments. (consideration: CR H3204-3308; text as House agreed to Senate amendments with amendments: CR H3219-3282)
Bill TextA bill to provide needed housing reform and for other purposes. 4/10/2008--Passed Senate amended. (There are 2 other summaries) Foreclosure Prevention Act of 2008 - Title I: FHA Modernization Act of 2008 - FHA Modernization Act of 2008 - Subtitle A: Building American Homeownership - Building American Homeownership Act of 2008 - (Sec. 112) Amends the National Housing Act (NHA) to revise mortgage insurance eligibility requirements. Alters the respective formulas to increase the percentages of the maximum principal loan obligations applicable to family residences located in: (1) the United States; and (2) Alaska, Guam, Hawaii, or the Virgin Islands. Prohibits the maximum principal loan obligation from exceeding 100% of the appraised value of the property. (Sec. 113) Increases from 3% to 3.5% of the appraised value of a property the mortgagor's required cash (or equivalent) investment (downpayment). Prohibits any funds for such [...] show full description | | Also tagged in: Budgets, Congress, Congressional reporting requirements, Consumer complaints, Consumer education, Consumer protection, Consumers, Counseling, Executive departments, Federal advisory bodies, Federal aid to housing, Finance, Foreclosure, Governmental investigations, Home ownership, Housing Latest Action: 07/23/2007 - Referred to the House Committee on Financial Services.
Bill TextTo authorize the Secretary of the Treasury to make grants to States, units of general local government, and nonprofit organizations for counseling and education programs for the prevention of predatory lending and to establish a toll-free telephone number for complaints regarding predatory lending, and for other purposes. 7/23/2007--Introduced. Financial Literacy for Homeowners Act - Authorizes the Secretary of the Treasury to make grants to state and local governments and nonprofit organizations to implement anti-predatory lending activities, including: (1) consumer education programs; (2) certified home ownership counseling programs; and (3) referral services for homeowners and prospective homeowners. Directs the Secretary provide for establishment, operation, and publication of a nationwide toll-free telephone number to receive consumer complaints regarding predatory and unscrupulous lending practices relating to home loans. Establishes the Predatory Lending [...] show full description | | Also tagged in: Access to airports, Accident insurance, Administrative fees, Age and employment, Aged, Agriculture, AIDS (Disease), Air traffic, Air traffic control, Air travel, Aircraft pilots, Airline employees, Airline passenger traffic, Airports, Alaska, Alcohol as fuel Latest Action: 11/14/2007 - On motion to recommit to conference committee Failed by the Yeas and Nays: 182 - 231 (Roll no. 1101). (consideration: CR H13903)
Bill TextMaking appropriations for the Departments of Transportation, and Housing and Urban Development, and related agencies for the fiscal year ending September 30, 2008, and for other purposes. 9/12/2007--Passed Senate amended. (There are 2 other summaries) Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2008 - Title I: Department of Transportation - Department of Transportation Appropriations Act, 2008 - Makes appropriations for FY2008 to the Department of Transportation, including: (1) the Office of the Secretary; (2) the Federal Aviation Administration (FAA); (3) the Federal Highway Administration; (4) the Federal Motor Carrier Safety Administration; (5) the National Highway Traffic Safety Administration (NHTSA); (6) the Federal Railroad Administration; (7) the Federal Transit Administration (FTA); (8) the Saint Lawrence Seaway Development Corporation; (9) the Maritime Administration; (10) the Pipeline and [...] show full description | | Also tagged in: Consumer credit, Consumer protection, Consumers, Counseling, Debtor and creditor, Finance, Finance charges, Housing, Insurance premiums, Mortgage banks, Mortgage guaranty insurance, Mortgage interest rates, Mortgages, Property insurance, Property tax, Taxation Latest Action: 07/18/2007 - Referred to the House Committee on Financial Services.
Bill TextTo amend the Truth in Lending Act to protect consumers from certain practices in connection with the origination of consumer credit transactions secured by the consumer's principal dwelling, and for other purposes. 7/18/2007--Introduced. Fairness for Homeowners Act of 2007 - Amends the Truth in Lending Act to prohibit any creditor or mortgage broker from making, providing, or arranging for any consumer credit transaction secured by a consumer's principal dwelling without verifying the consumer's reasonable ability to make the scheduled payments of principal, interest (including variable interest), real estate taxes, homeowner's insurance, assessments, and mortgage insurance premiums. Prescribes criteria for determining the reasonable ability to make such payments. Prohibits steering (arranging for a lower investment grade credit transaction if the consumer qualifies for a higher investment grade transaction) and prepayment penalties for adjustable rate mortgages [...] show full description | | Also tagged in: AIDS (Disease), Aircraft pilots, Alaska, Apartment houses, Appropriations, Architectural and Transportation Barriers Compliance Board, Architecture and the disabled, Aviation accidents, Aviation safety, Budgets, Business, California, Criminal justice, Delaware, Department of Housing and Urban Development, Department of Transportation Latest Action: 07/16/2007 - Committee on Appropriations. Original measure reported to Senate by Senator Murray. With written report No. 110-131.
Bill TextAn original bill making appropriations for the Departments of Transportation and Housing and Urban Development, and related agencies for the fiscal year ending September 30, 2008, and for other purposes. 7/16/2007--Reported to Senate without amendment. (There is 1 other summary) (This measure has not been amended since it was introduced. The summary has been expanded because action occurred on the measure.) Transportation, Housing and Urban Development, and Related Agencies Appropriations Act, 2008 - Title I: Department of Transportation - Department of Transportation Appropriations Act, 2008 - Makes appropriations for FY2008 to the Department of Transportation, including: (1) the Office of the Secretary; (2) the Federal Aviation Administration (FAA); (3) the Federal Highway Administration; (4) the Federal Motor Carrier Safety Administration; (5) the National Highway Traffic Safety Administration (NHTSA); (6) the Federal Railroad [...] show full description | | Also tagged in: Administrative procedure, Bank accounts, Bank examination, Budgets, Congressional investigations, Congressional reporting requirements, Consumer credit, Consumer education, Consumer protection, Consumers, Counseling, Criminal investigation, Criminal justice, Debtor and creditor, Department of Housing and Urban Development, Department of the Treasury Latest Action: 07/12/2007 - Referred to the Committee on Financial Services, and in addition to the Committee on the Judiciary, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committ
Bill TextTo amend the Truth in Lending Act to provide for the establishment of fair mortgage practices, generally, and for subprime mortgages in particular, to provide for a national system for licensing or registering residential mortgage loan originators, and for other purposes. 7/12/2007--Introduced. Fair Mortgage Practices Act of 2007 - Prohibits any person, with certain exceptions, from engaging in the business of loan origination without first obtaining and maintaining a registration or a state license as a loan originator. Imposes on the federal banking agencies the sole responsibility for developing a system of registration for loan originators. Directs the Secretary of Housing and Urban Development (HUD) to establish a system for: (1) licensed loan originators; and (2) state-licensed mortgage originators. Amends the Truth in Lending Act to set forth: (1) disclosure requirements for consumer credit plans secured by the consumer's principal dwelling; and [...] show full description | | Also tagged in: Criminal justice, Department of Justice, Federal Bureau of Investigation (FBI), Finance, Fraud, Government employees, Housing, Mortgages, Prosecution, Public prosecutors, Recruiting of employees Latest Action: 08/10/2007 - Referred to the Subcommittee on Crime, Terrorism, and Homeland Security.
Bill TextTo authorize additional appropriations for the Federal Bureau of Investigation to enhance its ability to more effectively stop mortgage fraud, and for other purposes. 7/12/2007--Introduced. Stop Mortgage Fraud Act - Authorizes appropriations to the Department of Justice for FY2008-FY2012 for: (1) the employment of 30 additional agents of the Federal Bureau of Investigation (FBI) and two additional prosecutors to coordinate prosecution of mortgage fraud cases with the offices of the U.S. Attorneys; and (2) the operations of the FBI interagency task forces in the areas with the 15 highest concentrations of mortgage fraud. | | Also tagged in: Aged, Budgets, Communications, Computer software, Congressional reporting requirements, Consumer education, Consumers, Counseling, Department of Housing and Urban Development, Executive departments, Executive reorganization, Federal aid to housing, Finance, Foreclosure, Government information, Government publications Latest Action: 07/12/2007 - Referred to the House Committee on Financial Services.
Bill TextTo establish an Office of Housing Counseling to carry out and coordinate the responsibilities of the Department of Housing and Urban Development regarding counseling on homeownership and rental housing issues, to make grants to entities for providing such counseling, to launch a national housing counseling advertising campaign, and for other purposes. 7/12/2007--Introduced. Expand and Preserve Home Ownership Through Counseling Act - Amends the Department of Housing and Urban Development Act to establish, in the Office of the Secretary of Housing and Urban Development (HUD), the Office of Housing Counseling, which shall conduct activities relating to homeownership and rental housing counseling. Amends the Housing and Urban Development Act of 1968 (HUDA) to direct the Secretary to establish, coordinate, and monitor HUD administration of homeownership and rental housing counseling procedures provided in connection with any HUD program, including all related requirements,[...] show full description | | Also tagged in: Air pollution, Air pollution control, Architecture, Block grants, Budgets, Building construction, Buildings, Carbon dioxide, Colleges, Congress, Congressional investigations, Congressional reporting requirements, Education, Elementary and secondary education, Energy, Energy conservation Latest Action: 09/11/2007 - Referred to the Subcommittee on Early Childhood, Elementary, and Secondary Education.
Bill TextTo promote the construction of green buildings in the United States, and for other purposes. 7/12/2007--Introduced. Advanced Design in Energy for Living Efficiently Act of 2007 - Requires the Administrator of the Environmental Protection Agency (EPA) to: (1) coordinate and provide information on green building design and practices; (2) establish a program to create and distribute information on green building design principles; and (3) establish criteria for education and training of architects, engineers, and developers in green building design and application.Requires the National Institute of Building Sciences (NIBS) to establish a blue ribbon panel to: (1) provide independent counsel to the Administrator on policy issues associated with green building design and practices; (2) report on the results of a study to determine best practices for quantifying the information necessary to make informed property investment decisions; (3) report on funding necessary for research [...] show full description | | Also tagged in: Administrative fees, Budgets, Congress, Congressional reporting requirements, Economic policy, Federal-Indian relations, Federally-guaranteed loans, Government securities, Housing, Indian economic development, Indian housing, Indian lands, Indians, Law, Legislation, Low-income housing Latest Action: 10/02/2007 - Reported (Amended) by the Committee on Financial Services. H. Rept. 110-363.
Bill TextTo establish a demonstration program to authorize the Secretary of Housing and Urban Development to guarantee obligations issued by Indian tribes to finance community and economic development activities. 10/2/2007--Reported to House amended. (There is 1 other summary) Native American Economic Development and Infrastructure for Housing Act of 2007 - (Sec. 2) Authorizes the Secretary of Housing and Urban Development to guarantee notes and obligations issued by Indian tribes or tribally designated housing entities, with tribal approval, to finance community and economic development activities on Indian reservations and in other Indian areas. Requires the use of at least 70% of the aggregate funds received as a result of such guarantee to support activities that benefit low-income Indian families. Directs the Secretary to establish underwriting criteria for such guarantees, including necessary fees, to ensure that the guarantee program is [...] show full description | | Also tagged in: Affordable housing, Aged, Apartment houses, Budgets, Congregate housing, Emergency management, Federal-local relations, Federal-state relations, Federally-guaranteed loans, Homeless, Housing, Housing authorities, Housing for the aged, Housing subsidies, Landlord and tenant, Low-income housing Latest Action: 12/06/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill TextTo amend section 202 of the Housing Act of 1959 to improve the program under such section for supportive housing for the elderly, and for other purposes. 12/5/2007--Passed House amended. (There is 1 other summary) Section 202 Supportive Housing for the Elderly Act of 2007 - Title I: New Construction Reforms - (Sec. 101) Amends the Housing Act of 1959 regarding project rental assistance for supportive housing for the elderly. Changes from discretionary to mandatory the authority of the Secretary of Housing and Urban Development to adjust the annual amount of a contract for project rental assistance to provide for reasonable project costs (including adequate reserves, supportive services, and service coordinators). States that contract amounts not used by a project during a contract term shall not be available for such adjustments upon renewal. Requires increased contract amounts, subject to reasonable review and limitations,[...] show full description | | Also tagged in: Affordable housing, Apartment houses, Budgets, Building construction, Citizen participation, Congressional reporting requirements, Counseling, Criminal justice, Data banks, Education, Electronic government information, Elementary and secondary education, Emergency management, Energy, Energy conservation, Energy conservation in buildings Latest Action: 10/15/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill TextTo establish the National Affordable Housing Trust Fund in the Treasury of the United States to provide for the construction, rehabilitation, and preservation of decent, safe, and affordable housing for low-income families. 10/10/2007--Passed House amended. (There are 2 other summaries) National Affordable Housing Trust Fund Act of 2007 - Amends the Cranston-Gonzalez National Affordable Housing Act to establish in the Treasury the National Affordable Housing Trust Fund (Fund). Declares that: (1) the Fund shall consist of certain amounts of the Federal National Mortgage Association and the Federal Home Loan Mortgage Corporation transferred to the Fund under specified law, including Federal Housing Administration (FHA) savings; and (2) all assistance provided from the Fund shall be considered to be federal financial assistance. Sets forth conditions on the use of FHA savings, including: (1) single family housing mortgage insurance; (2) housing [...] show full description | | Also tagged in: Charitable contributions, Families, Gift tax, Gifts, Housing, Income tax, Mortgages, Tax deductions, Tax exclusion, Tax-exempt organizations, Taxation Latest Action: 06/27/2007 - Referred to the House Committee on Ways and Means.
Bill TextTo amend the Internal Revenue Code of 1986 to provide that qualified homeowner downpayment assistance is a charitable purpose, and for other purposes. 6/27/2007--Introduced. Homeownership Affordability Act of 2007 - Amends the Internal Revenue Code to deem qualified homeowner downpayment assistance as a charitable purpose for income, estate, and gift tax purposes. Defines "qualified homeowner downpayment assistance" as a gift of cash for the purpose of providing any downpayment for the purchase of a principal residence for a taxpayer whose modified adjusted gross income does not exceed $110,000 ($220,000 for joint returns), if: (1) such gift does not exceed 20% of 110 percent of the maximum principal obligation allowable; and (2) the purchase price of such property does not exceed 110 percent of such amount.Denies an income tax deduction to a donor of homeowner downpayment assistance who receives a direct financial benefit in connection with the purchase of [...] show full description | | Also tagged in: Affordable housing, Alien labor, Authorization, Block grants, Budgets, Building construction, Competitive bidding, Congress, Congressional investigations, Congressional reporting requirements, Construction costs, Criminal justice, Criminal justice information, Employee selection, Federal aid to housing, Federal aid to Indians Latest Action: 09/10/2007 - Received in the Senate and Read twice and referred to the Committee on Indian Affairs.
Bill TextTo reauthorize the programs for housing assistance for Native Americans. 9/6/2007--Passed House amended. (There is 1 other summary) Native American Housing Assistance and Self-Determination Reauthorization Act of 2007 - (Sec.2) Reauthorizes appropriations for FY2008-FY2012 for making of block grants under the Native American Housing Assistance and Self-determination Act of 1996 (NAHASDA) on behalf of Indian tribes for carrying out affordable housing activities. Considers, for purposes of the procurement and supply of personal property and nonpersonal services for executive agencies, a tribe or tribally designated housing entity to be an executive agency when carrying out housing programs, services, functions, and activities under such tribe or entity and its employees to be eligible to have access to such supply sources as executive agency employees. Requires, with respect to any grant made under NAHASDA that is intended to benefit one [...] show full description | | Also tagged in: Armed forces, Bonds, Business, Capital gains tax, Citizenship, Defense policy, Disability evaluation, Disabled, Earned income tax credit, Expatriation, Families, Finance, Gifts, Housing, Immigration, Income tax Latest Action: 06/12/2007 - Sponsor introductory remarks on measure. (CR S7548)
Bill TextA bill to amend the Internal Revenue Code of 1986 to provide tax relief and protections to military personnel, and for other purposes. 6/12/2007--Introduced. Defenders of Freedom Tax Relief Act of 2007 - Amends Internal Revenue Code provisions relating to military personnel to: (1) extend the limitation period for filing tax refund claims resulting from Department of Veterans Affairs (VA) disability determinations; (2) make permanent the taxpayer election to treat combat zone compensation as earned income for purposes of the earned income tax credit; (3) treat differential wage payments made to active duty members of the uniformed services as wages for retirement plan purposes; (4) make permanent the exemption from the 10% penalty for premature retirement plan distributions made by active duty military personnel; (5) treat state payments to members of the uniformed services as qualified military benefits for purposes of the tax exclusion of such benefits; (6) make permanent [...] show full description | | Also tagged in: Budgets, Community development, Economic policy, Federal-Indian relations, Federally-guaranteed loans, Finance, Government securities, Housing, Indian economic development, Indian housing, Indians, Infrastructure, Minorities, Poverty, Rural affairs, Welfare Latest Action: 05/24/2007 - Referred to the House Committee on Financial Services.
Bill TextTo amend title VI of the Native American Housing and Self-Determination Act of 1996 to authorize Indian tribes to issue notes and other obligations to finance community and economic development activities, and for other purposes. 5/24/2007--Introduced. Tribal Economic Development and Infrastructure Support Act of 2007 - Amends the Native American Housing and Self-Determination Act of 1996 to: (1) authorize Indian tribes to issue notes and other obligations (guarantee loans) to finance community and economic development activities; and (2) require at least 70% of the aggregate funds received by an Indian tribe or tribally designated housing entity as a result of a guarantee under such Act to be used for the support of activities that benefit low-income Indian families on Indian reservations and other Indian areas. | | Also tagged in: Affordable housing, Budgets, Business, Business education, Community development, Federal aid to housing, Finance, Housing, Housing subsidies, Infrastructure, Loans, Nonprofit organizations, Rural affairs, Rural housing, Social services Latest Action: 05/22/2007 - Sponsor introductory remarks on measure. (CR S6477-6478)
Bill TextA bill to authorize appropriations for the Housing Assistance Council. 5/22/2007--Introduced. Housing Assistance Council Authorization Act of 2007 - Authorizes the Secretary of Housing and Urban Development to provide financial assistance to the Housing Assistance Council to develop the capacity of community-based housing development organizations to undertake community development and affordable housing projects and programs in rural areas. Authorizes the Council to use such assistance for rural community-based housing development organizations to acquire: (1) technical assistance, training, support, and advice to develop business and administrative capabilities; and (2) loans, grants, or other financial assistance to carry out community development and affordable housing activities for low- and moderate-income families. | | Also tagged in: Business, Capital gains tax, College costs, Depreciation and amortization, Disaster relief, Economic policy, Education, Emergency management, Health policy, Higher education, Home ownership, Housing, Income tax, Individual retirement accounts, Kansas, Losses Latest Action: 05/24/2007 - S.AMDT.1193 Referred to the Committee on Finance.
Bill TextA bill to extend tax relief to the residents and businesses of an area with respect to which a major disaster has been declared by the President under section 401 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (FEMA-1699-DR) by reason of severe storms and tornados beginning on May 4, 2007, and determined by the President to warrant individual or public assistance from the Federal Government under such Act. 5/17/2007--Introduced. Kansas Disaster Tax Relief Assistance Act - Extends to businesses and individuals in certain Kansas counties declared by the President as major disaster areas under the Robert T. Stafford Disaster Relief and Emergency Assistance Act (FEMA-1699-DR) by reason of severe storms and tornados beginning on May 4, 2007 (qualifying area) provisions of the Internal Revenue Code allowing: (1) suspension of certain limitations on personal casualty losses; (2) an extension of the period for replacing damaged property without recognizing [...] show full description | | Also tagged in: Academic performance, Access to health care, Actions and defenses, Administration of justice, Administrative procedure, Administrative remedies, Admission of nonimmigrants, Agricultural colleges, Agricultural labor, Agriculture, Alien labor, Aliens, Allegiance, Animals, Armed forces, Armed forces reserves Latest Action: 06/07/2007 - Considered by Senate. (consideration: CR S7271-7291, S7294-7296, S7298-7304, S7305-7308, S7309-7313, S7313-7322)
Bill TextA bill to provide for comprehensive immigration reform and for other purposes. 5/9/2007--Introduced. Comprehensive Immigration Reform Act of 2007 - Sets forth border security and enforcement provisions, including provisions respecting: (1) personnel and asset increases and enhancements; (2) a National Strategy for Border Security; (3) border security initiatives, including biometric data enhancements and a biometric entry-exit system, document integrity, and mandatory detention of aliens apprehended at or between ports of entry; (4) Central American gangs; (5) cooperation with Mexico; (6) National Guard support on the southern border; and (7) extension of the Western Hemisphere travel initiative. Border Law Enforcement Relief Act of 2007 - Authorizes a border relief grant program for a tribal, state, or local law enforcement agency in a county: (1) no more than 100 miles from a U.S. border with Canada or Mexico; or (2) more than 100 miles from any such border but which [...] show full description | | Also tagged in: Affordable housing, Budgets, Community development, Community facilities, Construction costs, Depressed areas, Economic policy, Federal aid to housing, Hispanic Americans, Housing, Infrastructure, Land transfers, Low-income housing, Minorities, Moderate income housing, Nonprofit organizations Latest Action: 04/23/2007 - Referred to the House Committee on Financial Services.
Bill TextTo authorize appropriations for assistance for the National Council of La Raza and the Raza Development Fund. 4/23/2007--Introduced. Hope Fund Act of 2007 - Directs the Secretary of Housing and Urban Development to make a grant to the National Council of La Raza to provide technical and financial assistance to local non-profit organizations to undertake community development and affordable housing projects and programs serving low- and moderate-income households, particularly through organizations located in neighborhoods with substantial populations of income-disadvantaged households of Hispanic origin. Authorizes the National Council of La Raza, or the Raza Development Fund, to use such funds to: (1) provide technical and financial assistance for site acquisition and development, construction financing, and short- and long-term financing for housing, community facilities, and economic development; (2) leverage capital from private entities, including private financial [...] show full description | | Also tagged in: Affordable housing, Budgets, Business, Business education, Community development, Federal aid to housing, Finance, Housing, Housing subsidies, Infrastructure, Loans, Nonprofit organizations, Rural affairs, Rural housing, Social services Latest Action: 07/17/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill TextTo authorize appropriations for the Housing Assistance Council. 7/16/2007--Passed House without amendment. (There are 2 other summaries) (This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.) Housing Assistance Council Authorization Act of 2007 - Authorizes the Secretary of Housing and Urban Development to provide financial assistance to the Housing Assistance Council to develop the capacity of community-based housing development organizations to undertake community development and affordable housing projects and programs in rural areas. Authorizes the Council to use such assistance for rural community-based housing development organizations to acquire: (1) technical assistance, training, support, and advice to develop business and administrative capabilities; and (2) loans, grants, or other financial assistance to carry out community development and affordable [...] show full description | | Also tagged in: Bank examination, Bank loans, Capital investments, Community development banking, Congregate housing, Finance, Home ownership, Housing, Interest rates, Mortgages, Soldiers' homes, Veterans, Veterans' benefits Latest Action: 04/19/2007 - Referred to the House Committee on Financial Services.
Bill TextTo amend the Community Reinvestment Act of 1977 to allow community reinvestment credit for investments and other financial support to enable veterans to purchase residential homes or to assist organizations with the establishment of housing opportunities and assisted living facilities for veterans. 4/19/2007--Introduced. A Home for the Brave Act - Amends the Community Reinvestment Act of 1977 to require the appropriate federal financial supervisory agency, when assessing the record of a financial institution, to take into account capital investments, low interest loans, loan participation, technical assistance, and grants by the institution to support or enable: (1) any veteran to purchase a home for use as the principal residence of the veteran; and (2) any entity that is establishing housing opportunities or assisted living facilities for veterans to carry out such activities. | | Also tagged in: Agricultural cooperatives, Agricultural credit, Agriculture, Bank accounts, Banks and banking, Budgets, Business, Capital gains tax, Capital investments, Catastrophic health insurance, College costs, Construction costs, Consumer cooperatives, Cost of living adjustments, County politics and government, Depreciation and amortization Latest Action: 04/12/2007 - Sponsor introductory remarks on measure. (CR S4439-4440)
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