H.R.3915 Sponsored by Brad Miller
Latest Action: 12/03/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
To amend the Truth in Lending Act to reform consumer mortgage practices and provide accountability for such practices, to establish licensing and registration requirements for residential mortgage originators, to provide certain minimum standards for consumer mortgage loans, and for other purposes. 11/15/2007--Passed House amended.    (There are 2 other summaries) Mortgage Reform and Anti-Predatory Lending Act of 2007 - Title I: Residential Mortgage Loan Origination - Subtitle A: Licensing System for Residential Mortgage Loan Originators - Encourages the states, through the Conference of State Bank Supervisors and the American Association of Residential Mortgage Regulators, to establish a Nationwide Mortgage Licensing System and Registry (NMLSR) for the residential mortgage industry. (Sec. 103) Includes among licensing and registration requirements that a loan origination business obtain: (1) a unique identifier; and (2) instruction on [...]

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Latest Action: 10/09/2007 - Referred to the House Committee on Financial Services.

Bill Text
To 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 [...]

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H.R.3725 Sponsored by Al Green
Latest Action: 10/02/2007 - Referred to the House Committee on Financial Services.

Bill Text
To 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: 12/17/2007 - Received in the House.

Bill Text
An original bill to modernize and update the National Housing Act and enable the Federal Housing Administration to more effectively reach underserved borrowers, and for other purposes. 12/14/2007--Passed Senate amended.    (There are 2 other summaries) FHA Modernization Act of 2007 - Title I: Building American Homeownership - Building American Homeownership Act of 2007 - (Sec. 102) Amends the National Housing Act to: (1) modify requirements for the maximum principal loan obligation, changing one element in the formula from 95% to 100% of the median one-family house price in the area; and (2) limit the principal loan obligation to 100% of the appraised value of the property. (Sec. 103) Amends the National Housing Act to revise eligibility criteria for cash down payment for Federal Housing Administration (FHA) mortgage insurance. Reduces such payment from the current 3% to 1.5% of the appraised value of the property. Repeals the authority [...]

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S.2062 Sponsored by Byron L. Dorgan
Latest Action: 02/08/2008 - Senate Committee on Banking, Housing, and Urban Affairs discharged pursuant to the order of May 27, 1988.

Bill Text
A bill to amend the Native American Housing Assistance and Self-Determination Act of 1996 to reauthorize that Act, and for other purposes. 12/7/2007--Reported to Senate amended.    (There is 1 other summary) Native American Housing Assistance and Self-Determination Reauthorization Act of 2007 - Title I: Block Grants and Grant Requirements - (Sec. 101) Amends the Native American Housing Assistance and Self-Determination Act of 1996 (NAHASDA) to expand the authority of Indian tribes to: (1) carry out self-determined housing activities for tribal communities programs; (2) access federal sources of supply on the same basis as employees of an executive agency; and (3) follow tribal preference in contracting and employment.(Sec. 102) Revises reporting requirements for Indian tribes receiving grants under NAHASDA and the standards for review of Indian housing plans by the Secretary of Housing and Urban Development (HUD).(Sec. 104) Disregards [...]

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H.R.3524 Sponsored by Maxine Waters
Latest Action: 01/22/2008 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
To reauthorize the HOPE VI program for revitalization of severely distressed public housing, and for other purposes. 1/17/2008--Passed House amended.    (There are 2 other summaries) HOPE VI Improvement and Reauthorization Act of 2008 - (Sec. 2) Amends the United States Housing Act of 1937 to make promoting housing choice among low- and very low-income families one of the purposes of the HOPE VI grant program for revitalization of severely distressed public housing. (Sec. 3) Authorizes the Secretary of Housing and Urban Development (HUD) to waive the matching contribution requirement in cases of extreme distress or emergency. (Sec. 4) Prohibits the award of demolition-only grants for any revitalization plan that proposes to demolish public housing without revitalization of any existing public housing dwelling units. (Sec. 6) Revises the list of activities eligible for the use of grants to carry out revitalization plans. Eliminates [...]

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H.R.3521 Sponsored by Albio Sires
Latest Action: 02/26/2008 - Rule H. Res. 974 passed House.

Bill Text
To 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,[...]

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H.R.3397 Sponsored by Keith Ellison
Latest Action: 10/19/2007 - Referred to the Subcommittee on Housing and Community Opportunity.

Bill Text
To amend the Residential Lead-Based Paint Hazard Reduction Act of 1992 to define environmental intervention blood lead level.

8/3/2007--Introduced.

Lead-Safe Housing for Kids Act of 2007 - Amends the Residential Lead-Based Paint Hazard Reduction Act of 1992 to set the environmental intervention blood lead level for a confirmed concentration of lead in whole blood as equal to or greater than ten micrograms of lead per deciliter for a single test, for purposes of provisions concerning lead-based paint hazards in housing.

Requires the Secretary of Housing and Urban Development to amend relevant regulations to comply with this Act within 90 days.

Latest Action: 01/11/2008 - Referred to the Subcommittee on Housing and Community Opportunity.

Bill Text
To amend the Housing and Urban Development Act of 1968 to ensure improved access to employment opportunities for low-income people. 8/1/2007--Introduced. Earning and Living Opportunities Act - Amends the Housing and Urban Development Act of 1968 to set forth as a condition of federal housing and community development assistance that: (1) a public or Indian housing agency or contractor shall require that at least 20% of employee hours be performed by low- or very low-income persons; and (2) a recipient of assistance for housing rehabilitation, construction, or other public construction projects and their contractors shall require that at least 20% of new employee hours be performed by low- or very low-income persons. Directs the Secretary to require a public or Indian housing agency and other recipients of federal housing and community development assistance to: (1) establish a section 3 committee of interested parties to oversee all aspects of compliance with section [...]

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H.R.3221 Sponsored by Nancy Pelosi
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 Text
A 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 [...]

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H.R.3126 Sponsored by Maxine Waters
Latest Action: 07/23/2007 - Referred to the House Committee on Financial Services.

Bill Text
To reauthorize the HOPE VI program for revitalization of severely distressed public housing, and for other purposes. 7/23/2007--Introduced. HOPE VI Improvement and Reauthorization Act of 2007 - Amends the United States Housing Act of 1937 to make promoting housing choice among low- and very low-income families one of the purposes of the HOPE VI grant program for revitalization of severely distressed public housing. Authorizes the Secretary of Housing and Urban Development to waive the matching contribution requirement in cases of extreme distress or emergency. Prohibits the award of demolition-only grants. Repeals authority for grants for assisting affordable housing developed through main street projects in smaller communities. Makes eligible for the use of HOPE VI grants: (1) necessary costs of ensuring the effective temporary and permanent relocation of residents displaced as a result of project revitalization; and (2) certain activities undertaken [...]

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H.R.3074 Sponsored by John W. Olver
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 Text
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. 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 [...]

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S.1789 Sponsored by Patty Murray
Latest Action: 07/16/2007 - Committee on Appropriations. Original measure reported to Senate by Senator Murray. With written report No. 110-131.

Bill Text
An 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 [...]

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H.R.3012 Sponsored by Spencer Bachus
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 Text
To 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 [...]

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H.R.3019 Sponsored by Judy Biggert
Latest Action: 07/12/2007 - Referred to the House Committee on Financial Services.

Bill Text
To 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,[...]

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S.1733 Sponsored by Richard Durbin
Latest Action: 06/28/2007 - Sponsor introductory remarks on measure. (CR S8707)

Bill Text
A bill to authorize funds to prevent housing discrimination through the use of nationwide testing, to increase funds for the Fair Housing Initiatives Program, and for other purposes. 6/28/2007--Introduced. Housing Fairness Act of 2007 - Instructs the Secretary of Housing and Urban Development to conduct, and report to Congress on, a nationwide testing program to: (1) detect and document differences in the treatment of persons seeking to rent or purchase housing or obtain or refinance a home mortgage loan; (2) measure patterns of adverse treatment because of the race, color, religion, sex, familial status, disability status, or national origin of a renter, home buyer, or borrower; and (3) measure the prevalence of such discriminatory practices across housing and mortgage lending markets. Amends the Housing and Community Development Act of 1987 to reauthorize the fair housing initiatives program. Expresses the sense of Congress that the Secretary should: (1) fully [...]

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S.1741 Sponsored by Evan Bayh
Latest Action: 06/28/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
A bill to modernize the manufactured housing loan insurance program under title I of the National Housing Act. 6/28/2007--Introduced. FHA Manufactured Housing Loan Modernization Act of 2007 - Amends the National Housing Act with respect to Federal Housing Administration (FHA) housing loan insurance for manufactured homes (or lots for such homes). Exempts such loans from certain financial institution portfolio limits, increasing an allowable claim for loss from 10% to 90% of an institution's total amount of such loans, credit advances, and purchases. Makes any new contract of insurance for such loans, credit advances, or purchases conclusive evidence of an institution's insurance eligibility. (Thus requires each loan to be insured individually instead of as part of a bundle of such loans.) Increases loan limits, requiring annual indexing. Sets forth borrower premium charges, including an up-front premium of up to 2.25% and an annual premium of up [...]

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H.R.2926 Sponsored by Al Green
Latest Action: 06/28/2007 - Referred to the House Committee on Financial Services.

Bill Text
To authorize funds to prevent housing discrimination through the use of nationwide testing, to increase funds for the Fair Housing Initiatives Program, and for other purposes. 6/28/2007--Introduced. Housing Fairness Act of 2007 - Instructs the Secretary of Housing and Urban Development to conduct, and report to Congress on, a nationwide testing program to: (1) detect and document differences in the treatment of persons seeking to rent or purchase housing or obtain or refinance a home mortgage loan; (2) measure patterns of adverse treatment because of the race, color, religion, sex, familial status, disability status, or national origin of a renter, home buyer, or borrower; and (3) measure the prevalence of such discriminatory practices across housing and mortgage lending markets. Amends the Housing and Community Development Act of 1987 to reauthorize the fair housing initiatives program. Expresses the sense of Congress that the Secretary should: (1) fully comply [...]

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Latest Action: 06/25/2007 - Referred to the Subcommittee on Energy and Air Quality.

Bill Text
To amend the Public Utility Regulatory Policies Act of 1978 to promote energy independence and self-sufficiency by providing for the use of net metering by certain small electric energy generation systems, and for other purposes. 6/25/2007--Introduced. Solar Opportunity and Local Access Rights Act - Amends the Public Utility Regulatory Policies Act of 1978 to require each state regulatory authority with ratemaking authority, and each nonregulated electric utility, to conduct a hearing, and on the basis of such hearing, adopt a net metering standard. Requires retail electric suppliers to make net metering available to retail customers on a first-come-first-served basis.Prescribes implementation requirements regarding: (1) net energy measurement; (2) billing practices; (3) ownership of credits; (4) safety and performance standards; and (5) determination of compliance. Directs the Federal Energy Regulatory Commission (FERC) to publish model interconnection [...]

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H.R.2787 Sponsored by Brad Ellsworth
Latest Action: 11/01/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
To amend the National Manufactured Housing Construction and Safety Standards Act of 1974 to require that weather radios be installed in all manufactured homes manufactured or sold in the United States. 10/30/2007--Passed House amended.    (There is 1 other summary) CJ's Home Protection Act of 2007 - Requires the consensus committee established under the National Manufactured Housing Construction and Safety Standards Act of 1974, within 90 days of enactment of this Act, to develop and submit to the Secretary of Housing and Urban Development proposed federal manufactured home construction and safety standards. Requires the Secretary to issue a final order promulgating the standard within 90 days after receiving the proposal. Amends the Act to require such standards to require each manufactured home delivered for sale to be supplied with a weather radio: (1) capable of broadcasting emergency information relating to local weather conditions; (2) equipped [...]

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H.R.2764 Sponsored by Nita M. Lowey
Latest Action: 12/26/2007 - Signed by President.

Bill Text
Making appropriations for the Department of State, foreign operations, and related programs for the fiscal year ending September 30, 2008, and for other purposes. 12/26/2007--Public Law.    (There are 3 other summaries) Consolidated Appropriations Act, 2008 - Division A: Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2008 - Agriculture, Rural Development, Food and Drug Administration, and Related Agencies Appropriations Act, 2008 - Title I: Agricultural Programs - Appropriates FY2008 funds for the following Department of Agriculture (Department) programs and services: (1) Office of the Secretary of Agriculture (Secretary); (2) Office of the Chief Economist; (3) National Appeals Division; (4) Office of Budget and Program Analysis; (5) Homeland Security Staff; (6) Office of the Chief Information Officer; (7) Office of the Chief Financial Officer; (8) Office of the Assistant Secretary for [...]

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S.1518 Sponsored by Jack Reed
Latest Action: 11/01/2007 - Committee on Banking, Housing, and Urban Affairs. Reported by Senator Dodd with an amendment in the nature of a substitute. With written report No. 110-216.

Bill Text
A bill to amend the McKinney-Vento Homeless Assistance Act to reauthorize the Act, and for other purposes. 11/1/2007--Reported to Senate amended.    (There is 1 other summary) Community Partnership to End Homelessness Act of 2007 - (Sec. 3) Amends the McKinney-Vento Homeless Assistance Act to include in the definition of homelessness people who are staying for a short time in the housing of others or a hotel, and have moved frequently. (Sec. 4) Makes it the mission of the U.S. Interagency Council on Homelessness to develop and coordinate the implementation of a national strategy to prevent and end homelessness while maximizing federal government contributions toward such end. Adds to the membership of such Council the Commissioner of Social Security, the U.S. Attorney General, and the Director of the Office of Management and Budget (OMB), or their respective designees. Directs the Council to develop and submit to the President and [...]

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H.R.2536 Sponsored by John W. Olver
Latest Action: 05/24/2007 - Referred to the House Committee on Financial Services.

Bill Text
To require all public housing revitalization projects assisted under the HOPE VI program to meet green communities standards. 5/24/2007--Introduced. HOPE VI Green Building and Technical Assistance Act of 2007 - Amends the United States Housing Act of 1937 to prescribe green communities requirements for grant applicants regarding revitalization programs for severely distressed public housing. Prohibits the Secretary of Housing and Urban Development from making a grant unless the applicant's revitalization plan complies with both the mandatory and some of the nonmandatory green communities affordable housing design, development, and operation criteria as they appear on the national Green Communities program checklist. Adds to such criteria specified requirements for nonresidential structures covered by the plan. Directs the Secretary to establish verification procedures. Repeals current technical assistance and program oversight funding authority, including [...]

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H.R.2206 Sponsored by David R. Obey
Latest Action: 05/25/2007 - Message on Senate action sent to the House.

Bill Text
Making emergency supplemental appropriations and additional supplemental appropriations for agricultural and other emergency assistance for the fiscal year ending September 30, 2007, and for other purposes. 5/25/2007--Public Law.    (There are 3 other summaries) U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007 - Title I: Supplemental Appropriations for Defense, International Affairs, and Other Security-Related Needs - Chapter 1 - Makes additional FY2007 appropriations to the Department of Agriculture, Foreign Agricultural Service, for commodities supplied in connection with dispositions abroad under Public Law 480 Title II Grants. Chapter 2 - Makes additional FY2007 appropriations to the Department of Justice, to remain available through FY2008, for general legal activities, U.S. Attorneys, the U.S. Marshals Service, the National Security Division, the Federal Bureau of Investigation [...]

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Latest Action: 05/07/2007 - Referred to the Committee on Appropriations, and in addition to the Committee on the Budget, 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 committee conc

Bill Text
To make emergency supplemental appropriations for Katrina recovery for the fiscal year ending September 30, 2007, and for other purposes.

5/7/2007--Introduced.

Katrina Recovery Supplemental Appropriations Act, 2007 - Makes emergency supplemental FY2007 appropriations for disaster relief and recovery related to Hurricanes Katrina, Wilma, Dennis, and Rita to the Departments of Agriculture, of Justice, of Commerce, of Defense (Civil), of Homeland Security, of Interior, of Education, of Transportation, of Housing and Urban Development, and the Small Business Administration (SBA).

H.R.2139 Sponsored by Joe Donnelly
Latest Action: 06/26/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
To modernize the manufactured housing loan insurance program under title I of the National Housing Act. 6/25/2007--Passed House amended.    (There are 2 other summaries) (This measure has not been amended since it was reported to the House on June 21, 2007. The summary of that version is repeated here.) FHA Manufactured Housing Loan Modernization Act of 2007 - Amends the National Housing Act with respect to Federal Housing Administration (FHA) housing loan insurance for manufactured homes (or lots for such homes). (Sec. 3) Exempts such loans from certain financial institution portfolio limits, increasing an allowable claim for loss from 10% to 90% of an institution's total amount of such loans, credit advances, and purchases. (Sec. 4) Makes any new contract of insurance for such loans, credit advances, or purchases conclusive evidence of an institution's insurance eligibility. (Thus requires each loan to be insured individually [...]

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Latest Action: 09/18/2007 - Sponsor introductory remarks on measure. (CR H10456)

Bill Text
To protect home buyers from predatory lending practices. 4/26/2007--Introduced. Predatory Mortgage Lending Practices Reduction Act - Amends the Real Estate Settlement Procedures Act of 1974 to prohibit any person, in connection with a subprime federally related mortgage loan, from providing mortgage lending services or mortgage brokerage services unless such person is certified by the Secretary of Housing and Urban Development as having been adequately trained with regard to subprime lending. Amends the Truth in Lending Act to require lenders to establish a best practices plan, meeting certain criteria, to ensure compliance with such Act for high cost mortgages. Proscribes unfair or deceptive acts or practices in providing: (1) mortgage lending services for either a subprime federally related mortgage loan; (2) mortgage brokerage services for such a loan; and (3) appraisal of a property offered as security for repayment of the loan.Sets forth civil penalties [...]

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S.1100 Sponsored by Chuck Hagel
Latest Action: 04/12/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
A bill to address the regulation of secondary mortgage market enterprises, and for other purposes. 4/12/2007--Introduced. Federal Housing Enterprise Regulatory Reform Act of 2007 - Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to establish in lieu of the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban Development (HUD), an independent Federal Housing Enterprise Regulatory Agency, headed by a Director, which shall have authority over: the Federal Home Loan Banks, the Finance Facility, the Federal National Mortgage Association (Fannie Mae), and the Federal Home Loan Mortgage Corporation (Freddie Mac). Establishes the Federal Housing Enterprise Board, without executive authority, to advise the Director. Sets forth operating, administrative, and regulatory provisions of the Agency, including: (1) assessment authority; (2) authority to limit nonmission-related assets; (3) minimum and critical [...]

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H.R.1851 Sponsored by Maxine Waters
Latest Action: 07/16/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
To reform the housing choice voucher program under section 8 of the United States Housing Act of 1937. 7/12/2007--Passed House amended.    (There are 2 other summaries) Section 8 Voucher Reform Act of 2007 - (Sec. 2) Amends the United States Housing Act of 1937 to revise requirements for public housing agency (PHA) inspections of each dwelling unit for which a housing assistance payment contract is established. Requires an initial inspection before any assistance payment is made. Allows such payments if failure to meet standards is a result only of non-life threatening conditions. Requires suspension of payments until each deficiency has been corrected.Permits a housing agency, in the case of projects receiving certain federal housing subsidies, to authorize occupancy before completion of an initial inspection. Requires biennial inspections, in lieu of current annual inspections, to determine compliance. Provides for interim inspections,[...]

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H.R.1852 Sponsored by Maxine Waters
Latest Action: 09/19/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
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. 9/18/2007--Passed House amended.    (There are 2 other summaries) Expanding American Homeownership Act of 2007 - (Sec. 3) Amends the National Housing Act (Act) to: (1) modify requirements governing the maximum principal loan obligation, changing it to 125% of the median one-family house price in the area; and (2) extend the mortgage term from 35 to 40 years. (Sec. 5) Revises eligibility criteria for cash down payment for mortgage insurance. Alters the formula for determining the principal obligation to set the loan-to-value (LTV) for a Federal Housing Administration (FHA) single family home at 97.75 % of the appraised value of the property (plus the amount of the mortgage insurance premium paid at the time the mortgage is insured, as under current law). [...]

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S.1016 Sponsored by Robert Menendez
Latest Action: 03/28/2007 - Read twice and referred to the Committee on Energy and Natural Resources.

Bill Text
A bill to amend the Public Utility Regulatory Policies Act of 1978 to promote energy independence and self-sufficiency by providing for the use of net metering by certain small electric energy generation systems, and for other purposes. 3/28/2007--Introduced. Solar Opportunity and Local Access Rights Act - Amends the Public Utility Regulatory Policies Act of 1978 to require each state regulatory authority with ratemaking authority, and each nonregulated electric utility, to conduct a hearing, and on the basis of such hearing, adopt a net metering standard. Requires retail electric suppliers to offer to arrange to make net metering available to retail customers on a first-come-first-served basis. Prescribes implementation requirements regarding: (1) net energy measurement; (2) billing practices; (3) ownership of credits; (4) safety and performance standards; and (5) determination of compliance. Directs the Federal Energy Regulatory Commission (FERC) to [...]

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Latest Action: 06/15/2007 - Signed by President.

Bill Text
To suspend the requirements of the Department of Housing and Urban Development regarding electronic filing of previous participation certificates and regarding filing of such certificates with respect to certain low-income housing investors. 6/15/2007--Public Law.    (There are 5 other summaries) (This measure has not been amended since it was introduced. The expanded summary of the House reported version is repeated here.)Preservation Approval Process Improvement Act of 2007 - Directs the Secretary of Housing and Urban Development to suspend mandatory processing of Previous Participation Certificates under the Automated Partners Performance System and permit paper filings of such certificates until the Secretary: (1) revises the December 2006 draft of specified proposed regulations to eliminate unnecessary burdens and disincentives for program participants; and (2) submits such revised draft proposed regulations to certain congressional [...]

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H.R.1676 Sponsored by Dan Boren
Latest Action: 06/18/2007 - Signed by President.

Bill Text
To reauthorize the program of the Secretary of Housing and Urban Development for loan guarantees for Indian housing.

6/18/2007--Public Law.    (There are 5 other summaries)

(This measure has not been amended since it was introduced. The expanded version of that summary is repeated here.)

Native American Home Ownership Opportunity Act of 2007 - Amends the Housing and Community Development Act of 1992 to extend through FY2012: (1) the authorization of appropriations to the Indian Housing Loan Guarantee Fund for loan guarantees for Native American housing; and (2) the limitation on the outstanding aggregate principal amount of such loans.

S.965 Sponsored by Robert C. Byrd
Latest Action: 03/22/2007 - Committee on Appropriations. Original measure reported to Senate by Senator Byrd. With written report No. 110-37.

Bill Text
An original bill making emergency supplemental appropriations for the fiscal year ending September 30, 2007, and for other purposes. 3/22/2007--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.) U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007 - Title I: Global War on Terror Supplemental Appropriations - Chapter 1: Department of Agriculture - Makes emergency supplemental FY2007 appropriations for specified activities related to the global war on terror to the Department of Agriculture (including food relief to certain foreign countries). (Sec. 1101) Makes specified appropriations to reimburse the Commodity Credit Corporation for the release of eligible commodities for emergency humanitarian food needs in developing countries [...]

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Latest Action: 03/21/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
A bill to modernize the Federal Housing Administration to meet the housing needs of the American people. 3/21/2007--Introduced. 21st Century Housing Act - Amends the Housing Act of 1948 to authorize the Secretary of Housing and Urban Development (HUD), in carrying out any program through the Federal Housing Administration (FHA) to: (1) appoint and fix the compensation of Administration personnel; and (2) use premium-generated income for information technology upgrades. Amends the National Housing Act to: (1) extend the maturity term for insured mortgages; (2) revise mortgage insurance eligibility criteria and requirements for premium charges; (3) authorize waiver of certain requirements for new product initiatives; (4) increase the maximum mortgage amount limit for multifamily housing in high-cost areas; (5) increase the FHA single family housing maximum mortgage limit; and (6) increase the capital ratio for the Mutual Mortgage Insurance Fund. Increases prerequisites [...]

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H.R.1591 Sponsored by David R. Obey
Latest Action: 05/02/2007 - On passage, the objections of the President to the contrary notwithstanding Failed by the Yeas and Nays: (2/3 required): 222 - 203, 1 Present (Roll no. 276). (consideration: CR H4315-4326; text of Veto message: CR H4315)

Bill Text
Making emergency supplemental appropriations for the fiscal year ending September 30, 2007, and for other purposes. 4/24/2007--Conference report filed in House.    (There are 3 other summaries) U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations Act, 2007 - Title I: Global War on Terror Supplemental Appropriations - Chapter 1 - Makes FY2007 emergency supplemental appropriations to the Department of Agriculture, Foreign Agricultural Service, for commodities supplied in connection with dispositions abroad under Public Law 480 Title II Grants. (Sec. 1101) Makes specified appropriations to reimburse the Commodity Credit Corporation for the release of eligible commodities for emergency humanitarian food needs in developing countries under the Bill Emerson Humanitarian Trust Act, in order to replenish the Bill Emerson Humanitarian Trust. Chapter 2 - Makes FY2007 emergency supplemental appropriations [...]

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H.R.1427 Sponsored by Barney Frank
Latest Action: 05/24/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Bill Text
To reform the regulation of certain housing-related Government-sponsored enterprises, and for other purposes. 5/22/2007--Passed House amended.    (There are 2 other summaries) Federal Housing Finance Reform Act of 2007 - Title I: Reform of Regulation of Enterprises and Federal Home Loan Banks - Subtitle A: Improvement of Safety and Soundness - (Sec. 101) Amends the Housing and Community Development Act of 1992 (Act) to establish, in place of the present Office of Federal Housing Enterprise Oversight, a Federal Housing Finance Agency (FHFA), headed by a Director (Director) possessing general supervisory and regulatory authority over the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the federal home loan banks ("the regulated entities"). (Sec. 102) Requires the Director to establish standards for each regulated entity, especially standards relating to: (1) [...]

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Latest Action: 03/01/2007 - Referred to the House Committee on Financial Services.

Bill Text
To enhance the availability of capital and credit for all citizens and communities, to ensure that community reinvestment keeps pace as banks, securities firms, and other financial service providers become affiliates as a result of the enactment of the Gramm-Leach-Bliley Act, and for other purposes. 3/1/2007--Introduced. Community Reinvestment Modernization Act of 2007 - Repeals specified revisions to regulations governing the Comptroller of the Currency, the Board of Governors of the Federal Reserve System, the Federal Deposit Insurance Corporation, and the Director of the Office of Thrift Supervision. Reinstates banking agency regulations in effect before the publication of such revisions. Amends the Bank Holding Company Act of 1956 (BHCA) to subject to the Community Reinvestment Act of 1977 (CRA) nonbank affiliates of bank holding companies that engage in lending or offering banking products or services. Amends the CRA to require a rating reduction [...]

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S.710 Sponsored by Daniel K. Inouye
Latest Action: 02/28/2007 - Sponsor introductory remarks on measure. (CR S2363)

Bill Text
A bill to reauthorize the programs for the Department of Housing and Urban Development for housing assistance for Native Hawaiians.

2/28/2007--Introduced.

Hawaiian Homeownership Opportunity Act of 2007 - Amends the Native American Housing Assistance and Self-Determination Act of 1996 and the Housing and Community Development Act of 1992 to extend through FY2012 the authorization of appropriations for housing assistance for Native Americans and loan guarantees for Native Hawaiian housing.

Amends the Native American Housing Assistance and Self-Determination Act of 1996 to: (1) make the Department of Hawaiian Home Lands of the state of Hawaii eligible for loan guarantees; and (2) extend through FY2012 the authorization of appropriations for the credit subsidy to cover the costs of federal guarantees for financing for tribal housing activities.

Latest Action: 09/26/2007 - Committee on Banking, Housing, and Urban Affairs. Reported by Senator Dodd without amendment. Without written report.

Bill Text
To reauthorize the programs of the Department of Housing and Urban Development for housing assistance for Native Hawaiians. 9/26/2007--Reported to Senate without amendment, 2nd committee reporting.    (There are 3 other summaries) (This measure has not been amended since it was introduced. The summary of that version is repeated here.)Hawaiian Homeownership Opportunity Act of 2007 - Amends the Native American Housing Assistance and Self-Determination Act of 1996 and the Housing and Community Development Act of 1992 to extend through FY2012 the authorization of appropriations for housing assistance for Native Americans and loan guarantees for Native Hawaiian housing.Amends the Native American Housing Assistance and Self-Determination Act of 1996 to: (1) make the Department of Hawaiian Home Lands of the state of Hawaii eligible for loan guarantees; and (2) extend through FY2012 the authorization of appropriations for the credit subsidy [...]

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H.R.174 Sponsored by Barbara Lee
Latest Action: 03/16/2007 - Referred to the Subcommittee on Housing and Community Opportunity.

Bill Text
To reauthorize the public and assisted housing drug elimination program of the Department of Housing and Urban Development.

1/4/2007--Introduced.

Public Housing Drug Elimination Program Reauthorization Act of 2007 - Amends the Anti-Drug Abuse Act of 1988 to authorize appropriations for the assisted housing drug elimination program.

Limits activities for programs designed to reduce drug use in and around assisted low-income housing to: (1) providing drug abuse treatment through rehabilitation or relapse prevention; (2) providing education about the dangers and consequences of drug use or violent crime; (3) identifying drug users, and assisting drug use discontinuance through education or treatment programs; (4) providing after school youth activities; and (5) providing capital improvements and security services to discourage or eliminate drug use or violent crime.