| Also tagged in: Actions and defenses, Afghanistan, Armed forces, Budgets, Condominium (Housing), Counseling, Criminal justice, Defense policy, Families, Federally-guaranteed loans, Fees, Finance, Fines (Penalties), Foreclosure, Government information, Government publicity Latest Action: 05/07/2008 - Read twice and referred to the Committee on Veterans' Affairs.
Bill Text
A bill to amend title 38, United States Code, to enhance housing loan authorities for veterans and to otherwise assist veterans and members of the Armed Forces in avoiding the foreclosure of their homes, and for other purposes.
| | Latest Action: 04/21/2008 - Sponsor introductory remarks on measure. (CR S3208)
Bill TextA bill to amend the Higher Education Act of 1965 to maintain eligibility, for Federal PLUS loans, of borrowers who are 90 or more days delinquent on mortgage loan payments, or for whom foreclosure proceedings have been initiated, with respect to their primary residence. 4/21/2008--Introduced. PLUS Loan Borrower Protection Act of 2008 - Amends the Higher Education Act of 1965, with respect to eligibility for a PLUS Federal Family Education Loan, to specify an extenuating circumstance for purposes of determining if a borrower has an adverse credit history on the basis of a mortgage loan delinquency or foreclosure. Declares that an extenuating circumstance exists if, at any time from January 1, 2007, through December 31, 2112, the borrower is 90 or more days delinquent on mortgage loan payments, or foreclosure proceedings have been initiated, with respect to the borrower's primary residence. | | Also tagged in: Armed forces, Defense policy, Finance, Foreclosure, Housing, Iraq compilation, Military discharges, Mortgage interest rates, Mortgages, Veterans, Veterans' benefits Latest Action: 04/03/2008 - Senate Committee on Armed Services discharged by Unanimous Consent.
Bill Text
A bill to amend the Servicemembers Civil Relief Act to enhance protections for servicemembers relating to mortgages and mortgage foreclosures, and for other purposes.
| | Also tagged in: Administrative procedure, Afghanistan, Apartment houses, Armed forces, Bonds, Budgets, Condominium (Housing), Congress, Congressional investigations, Congressional reporting requirements, Consumer credit, Consumers, Cooperative housing, Counseling, Damages, Defense policy Latest Action: 03/11/2008 - Star Print ordered on the bill.
Bill TextA bill to aid families and neighborhoods facing home foreclosure and address the subprime mortgage crisis. 3/7/2008--Introduced. Security Against Foreclosures and Education Act, or the SAFE Act - Amends the Internal Revenue Code to allow proceeds of qualified mortgage bonds to be used to refinance certain residential subprime loans. Requires the Neighborhood Reinvestment Corporation to continue to award expeditiously certain funds already provided for mortgage foreclosure counseling. Amends the Code to allow purchasers of certain single-family principal residences a one-time tax credit. Amends the Truth in Lending Act to: (1) revise creditor mortgage loan disclosure requirements; and (2) increase civil damages for noncompliance with such Act. Amends the Code to: (1) allow a five-year carryback of net operating losses for certain taxable years; and (2) suspend through taxable year 2009 the 90% of alternative minimum taxable income limit for certain [...] show full description | | Latest Action: 02/25/2008 - Sponsor introductory remarks on measure. (CR S1125)
Bill Text
A bill to amend the Servicemembers Civil Relief Act to extend from 90 days to one year the period after release of a member from the Armed Forces from active duty during which the member is protected from mortgage foreclosure.
| | Also tagged in: Affordable housing, Appropriations, Bankruptcy, Bonds, Budgets, Community development, Community development banking, Consumer credit, Consumer education, Consumer protection, Consumers, Counseling, Damages, Debtor and creditor, Federal aid to housing, Fees Latest Action: 02/14/2008 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 577.
Bill TextA bill to provide needed housing reform. 2/13/2008--Introduced. Foreclosure Prevention Act of 2008 - Amends the Internal Revenue Code to: (1) authorize use of the proceeds of a qualified mortgage bond issue to refinance a mortgage on a residence originally financed through a qualified subprime loan; (2) raise the ceiling and volume cap imposed upon certain state housing bonds; and (3) exclude from the meaning of tax preference item private activity bonds, for purposes of the alternative minimum tax, qualified mortgage bonds or veterans' mortgage bonds issued after enactment of this Act and before January 1, 2011. Makes FY2008 appropriations for: (1) emergency needs of states and local governmental units to redevelop certain abandoned and foreclosed homes; and (2) the Neighborhood Reinvestment Corporation for foreclosure mitigation activities, including grants for housing counseling. Helping Families Save Their Homes in Bankruptcy Act of 2008 - Authorizes a bankruptcy [...] show full description | | Latest Action: 04/30/2008 - Committee Consideration and Mark-up Session Held.
Bill TextTo amend the Servicemembers Civil Relief Act to provide for a limitation on the sale, foreclosure, or seizure of property owned by a servicemember during the one-year period following the servicemember's period of military service. 12/19/2007--Introduced. Amends the Servicemembers Civil Relief Act of 1940 to extend from 90 days to one year the period following release from active duty during which a member of the Armed Forces shall be protected from mortgage foreclosure. | | 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: Budgets, Business, Civil liberties, Congress, Congressional investigations, Contracts, Executive compensation, Federally-guaranteed loans, Finance, Performance measurement, Right of privacy, Securities, Small business, Small business investment companies, Standards Latest Action: 11/01/2007 - Sponsor introductory remarks on measure. (CR S13689)
Bill TextA bill to establish portfolio quality standards, improve lender oversight by the Small Business Administration, create economic outcome and performance measurements, strengthen the loan programs under section 7(a) of the Small Business Act and title V of the Small Business Investment Act of 1958, and for other purposes. 11/1/2007--Introduced. Small Business Lending Oversight and Program Performance Improvement Act of 2007 - Directs the Administrator of the Small Business Administration (SBA) to develop and publish portfolio quality evaluation standards to evaluate the loan portfolios of lenders participating in the section 7(a) (SBA-guaranteed loans to small businesses) and 504 (financing to small businesses funded by SBA-guaranteed debentures) programs of the Small Business Act. Requires the standards to measure the rates of loan liquidation, currency, recovery, and delinquency, and to be used by the Administrator to determine lender portfolio quality and to conduct lender [...] show full description | | Also tagged in: Administrative fees, Administrative procedure, Aged, Bank employees, Budgets, Business, Class actions (Civil procedure), Communications, Consumer credit, Consumer education, Consumers, Counseling, Criminal justice, Criminal justice information, Department of Housing and Urban Development, Executive departments Latest Action: 12/03/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill TextTo 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 [...] show full description | | Also tagged in: Annuities, Finance, Housing, Income tax, Individual retirement accounts, Mortgages, Pensions, Tax exclusion, Tax penalties, Tax-deferred compensation plans, Taxation Latest Action: 10/22/2007 - Star Print ordered on the bill.
Bill TextA bill to provide for the penalty-free use of retirement funds for mortgage delinquency relief. 10/18/2007--Introduced. Home Ownership Mortgage Emergency Act, or the HOME Act - Exempts any qualified mortgage delinquency relief distribution from the 10% additional tax imposed by the Internal Revenue Code on early distributions from qualified retirement plans.Provides that the aggregate amount of distributions received by an individual which may be treated as qualified mortgage delinquency relief distributions for any taxable year shall not exceed the excess (if any) of $100,000, over the aggregate amounts treated as qualified mortgage delinquency relief distributions received by such individual for all prior taxable years.Defines the term "qualified mortgage delinquency relief distribution," with the exception of such aggregate dollar limitation, as any distribution from an eligible retirement plan made on or after the enactment of this Act and before [...] 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: Budgets, Criminal justice, Data banks, Federal aid to housing, Federally-assisted loans, Finance, Foreclosure, Fraud, Government information, Government paperwork, Government trust funds, Housing, Low-income housing, Moderate income housing, Mortgages, Prosecution Latest Action: 09/27/2007 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill TextA bill to amend the Truth in Lending Act, to provide for enhanced disclosures to consumers and enhanced regulation of mortgage brokers, and for other purposes. 9/27/2007--Introduced. American Home Ownership Preservation Act of 2007 - Amends the Truth in Lending Act to require certain mortgage originators or lenders with primary responsibility for underwriting an assessment on a home mortgage loan to include a borrower's ability to repay certain associated costs. Requires a mortgage broker to clearly disclose its relationship to the borrower. Directs the federal banking agencies to establish a nationwide registry and database system in which all mortgage brokers in the United States must register. Eliminates prepayment penalties for home mortgages. Instructs the Secretary of the Department of Housing and Urban Development (HUD) to make grants to state governments and tribal organizations to assist: (1) programs established for foreclosure mitigation;[...] 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, Housing finance, Income tax 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: Actions and defenses, Budgets, Consumers, Counseling, Credit bureaus, Federal aid to housing, Federally-guaranteed loans, Fees, Finance, Financial planning, Financial statements, Foreclosure, Government information, Government lending, Government paperwork, Housing Latest Action: 09/19/2007 - Referred to the House Committee on Financial Services.
Bill TextTo establish a program to assist homeowners experiencing unavoidable, temporary difficulty making payments on mortgages insured under the National Housing Act. 9/19/2007--Introduced. Homeowners' Emergency Mortgage Assistance Act - Directs the Secretary of Housing and Urban Development to establish a mortgage emergency assistance program for qualifying homeowners with National Housing Act-insured mortgages who are temporarily unable to meet their obligations due to financial hardship beyond their control. Requires: (1) homeowner repayment of such assistance and interest; and (2) certain conditions to be met before legal action may be taken against a qualifying homeowner, including providing the homeowner with program notice. | | Also tagged in: Armed forces, Armed forces reserves, Budgets, Collection of accounts, College costs, Defense policy, Disaster relief, Disasters, Education, Emergency management, Federal aid to education, Federally-guaranteed loans, Finance, Government information, Government lending, Government paperwork Latest Action: 10/17/2007 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
Bill TextTo permanently extend the waiver authority of the Secretary under the Higher Education Relief Opportunities for Students Act of 2003. 9/18/2007--Introduced. Extends permanently the Secretary of Education's authority under the Higher Education Relief Opportunities for Students Act of 2003 to waive or modify the application of requirements and regulations pertaining to student financial assistance, under title IV of the Higher Education Act of 1965, to certain individuals and entities affected by wars, other military operations, or national emergencies. | | Also tagged in: Administrative fees, Auditing, Bank capital, Bank loans, Banks and banking, Budgets, Building construction, Business, Business records, Buy American, Capital investments, Collection of accounts, Collective bargaining, Construction costs, Construction industries, Construction workers Latest Action: 08/04/2007 - Referred to the Subcommittee on Aviation.
Bill TextTo fund capital projects of State and local governments, and for other purposes. 8/3/2007--Introduced. Rebuilding America's Infrastructure - Establishes the Federal Bank for Infrastructure Modernization. Authorizes the Bank to make loans to any state, local government, Indian tribe, and regional or multistate organization for the development of certain transportation- and educational- and water and hazardous treatment-related capital infrastructure facility projects. Sets forth specified requirements with respect to: (1) loan and borrower eligibility; and (2) compliance with the Americans with Disabilities Act of 1990, the Buy American Act, and the Davis-Bacon Act (wages) as they relate to the development of such projects. | | 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: 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: 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: Armed forces, Auctions, Authorization, Budgets, Collection of accounts, College costs, Compensatory education, Criminal justice, Curricula, Debt, Debtor and creditor, Defense policy, Drug abuse, Economic policy, Education, Education of the disadvantaged Latest Action: 07/10/2007 - Committee on Health, Education, Labor, and Pensions. Original measure reported to Senate by Senator Kennedy. Without written report.
Bill TextAn original bill to provide for reconciliation pursuant to section 602 of the concurrent resolution on the budget for fiscal year 2008 (S. Con. Res. 21). 7/10/2007--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.) Higher Education Access Act of 2007 - Title I: Grants to Students in Attendance at Institutions of Higher Education - (Sec. 101) Amends the Higher Education Act of 1965 (HEA) to repeal the formula for calculating an individual Pell grant which includes, in part, the sum of the student's tuition. (Thus eliminates the "tuition sensitivity provision" which currently prohibits maximum Pell grant awards to students attending low-tuition institutions of higher education (IHEs) even if their income is low enough otherwise to qualify for the maximum award.) Authorizes and [...] show full description | | Also tagged in: Academic freedom, Academic performance, Accreditation (Education), Actions and defenses, Administrative procedure, Agricultural labor, Agriculture, Alaska, Alcohol and youth, Alcoholism, Americans in foreign countries, Animals, Apprenticeship, Archives, Area studies, Arizona Latest Action: 11/15/2007 - By Senator Kennedy from Committee on Health, Education, Labor, and Pensions filed written report. Report No. 110-231.
Bill TextA bill to extend the authorization of programs under the Higher Education Act of 1965, and for other purposes. 7/24/2007--Passed Senate amended. (There are 2 other summaries) Higher Education Amendments of 2007 - Amends the Higher Education Act of 1965 (HEA) to revise HEA programs and to extend the authorization of appropriations for them through FY2013. Title I: General Provisions - (Sec. 101) Adds definitions of a critical foreign language, distance education, and poverty line. Provides that critical foreign languages are those contained on the list designated by the Secretary of Education in the Federal Register on August 5, 1985, but allows the Secretary to set language priorities according to the purposes of a specific program and national security, economic competitiveness, and educational needs. States that poverty line refers to the poverty line applicable to a family of the size involved. (Sec. 102) Revises [...] show full description | | Also tagged in: Administrative fees, Aid to dependent children, Alaska, Armed forces, Armed forces reserves, Asian American ethnic groups, Auctions, Authorization, Black colleges, Budgets, Business, Capital punishment, Cash welfare block grants, Charities, Child welfare, Children Latest Action: 09/27/2007 - Signed by President.
Bill TextTo provide for reconciliation pursuant to section 601 of the concurrent resolution on the budget for fiscal year 2008. 9/27/2007--Public Law. (There are 5 other summaries) (This measure has not been amended since the Conference Report was filed in the House on September 6, 2007. The summary of that version is repeated here.) College Cost Reduction and Access Act - Title I: Grants to Students in Attendance at Institutions of Higher Education - (Sec. 101) Amends the Higher Education Act of 1965 (HEA) to repeal the formula for calculating an individual Pell grant which includes, in part, the sum of the student's tuition. (Thus eliminates the "tuition sensitivity provision" which currently prohibits maximum Pell grant awards to students attending low-tuition institutions of higher education (IHEs) even if their income is low enough otherwise to qualify for the maximum award.) Authorizes and appropriates $11 million for FY2008 [...] show full description | | Also tagged in: American investments, Bonds, China, East Asia, Foreign policy, Government liability (International law), International affairs, International banking, International finance, Sanctions (International law), Trade, Trade agreements Latest Action: 05/24/2007 - Referred to the House Committee on Financial Services.
Bill TextRegarding the endoresement of U.S. citizens' claims for payment by Chinese Government of defaulted Chinese bonds. 5/24/2007--Introduced. Recommends that the People's Republic of China (PRC) be denied access to all U.S. capital markets until the PRC complies with the terms and conditions of the World Trade Organization (WTO) Agreement and fully honors repayment of its outstanding defaulted public debts owed to U.S. citizens consistent with the efforts of the American Bondholders Foundation. | | Also tagged in: Aged, Bankruptcy, Budgets, Collection of accounts, Disabled, Education, Federally-guaranteed loans, Finance, Government information, Government lending, Government paperwork, Higher education, Identification devices, Income tax, Interest, Interest rates Latest Action: 07/17/2007 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
Bill TextTo allow for the consolidation of Federal student loans into a single direct income-contingent loan repayment program. 5/23/2007--Introduced. Income-Dependent Education Assistance Act of 2007 - Directs the Secretary of Education to conduct a direct income-dependent education assistance (IDEA) loan program, from July 1, 2008, through July 1, 2014, under which student borrowers of Federal Family Education Loans (FFELs) or Direct Loans (DLs), under parts B and D of title IV of the Higher Education Act of 1965, may elect to convert or consolidate such loans to direct IDEA loans. Provides that when a student defaults on a loan under the FFEL or DL programs and it is repaid or canceled by the Secretary, it is thereby converted to a direct IDEA loan. Amends the Internal Revenue Code to provide for collection of IDEA loan repayments through the income tax collection system. | | Also tagged in: Budgets, Collection of accounts, Consumer education, Consumers, Data banks, Debtor and creditor, Education, Education of the disadvantaged, Educational counseling, Federally-guaranteed loans, Finance, Government information, Government lending, Government paperwork, Higher education, Interest Latest Action: 05/15/2007 - Sponsor introductory remarks on measure. (CR S6139)
Bill TextA bill to amend the Higher Education Act of 1965 to improve the information and repayment options to student borrowers, and for other purposes. 5/15/2007--Introduced. Student Information Means a Positive Loan Experience Act of 2007 - Amends the Higher Education Act of 1965 to give borrowers under the Federal Family Education Loan (FFEL) and Direct Loan (DL) programs the option to delay the repayment of principal on such loans for the first two years that they are in repayment, regardless of their repayment plan. Requires FFEL lenders to offer extended repayment plans to borrowers with $20,000 (currently, $30,000) of FFEL debt. Revises the definition of economic hardship to include individuals whose earnings do not exceed 150% of the poverty line applicable to their family size. Requires lenders that grant FFEL loan deferment or forbearance to inform borrowers of the impact such deferment or forbearance has on the ultimate cost of the loan. Directs [...] show full description | | Also tagged in: Budgets, Counseling, Data banks, Federal aid to housing, Finance, Foreclosure, Government information, Government publicity, Home ownership, Housing, Low-income housing, Moderate income housing, Mortgage banks, Mortgages, Social services, Technology Latest Action: 05/14/2007 - Sponsor introductory remarks on measure. (CR S6065)
Bill TextA bill to amend the Housing and Urban Development Act of 1968, to provide better assistance to low- and moderate-income families, and for other purposes. 5/14/2007--Introduced. Homeownership Protection and Enhancement Act of 2007 - Amends the Housing and Urban Development Act of 1968 to reauthorize and revise requirements for assistance with respect to housing for low- and moderate-income families. Specifies additional circumstances making a homeowner eligible for homeownership counseling from an organization that has received a grant from the Department of Housing and Urban Development (HUD) to provide it. Requires a proposed mortgagee to notify any eligible mortgage applicant of the availability of pre-purchase homeownership counseling, homeownership counseling, and homeownership protection center services. Requires a proposed mortgagee, also, to notify a homeowner at closing of the availability of counseling upon delinquency and of the services of [...] show full description | | Also tagged in: Access to health care, AIDS (Disease), Budgets, Congressional reporting requirements, Cost effectiveness, Demography, Dental care, Dentistry, Dentists, Education, Federal aid to education, Finance, Health policy, Higher education, Human immunodeficiency viruses, Medical care Latest Action: 05/04/2007 - Sponsor introductory remarks on measure. (CR E956-957)
Bill TextTo authorize the Secretary of Health and Human Services to establish a dental education loan repayment program to encourage dentists to serve at facilities with a critical shortage of dentists in areas with a high incidence of HIV/AIDS. 5/3/2007--Introduced. Dedicated Dental Service for HIV/AIDS Act of 2007 - Authorizes the Secretary of Health and Human Services to enter into an agreement under which an individual agrees to serve as a dentist for a not less than two years at a facility with a critical shortage of dentists in an area with a high incidence of HIV/AIDS in exchange for the Secretary making payments on the individual's dental education loans. Requires such payments to equal 30% of the principal and interest on such loans after the first and second years of service and 25% after the third year of service. | | Also tagged in: Budgets, Civil rights, Collection of accounts, College administration, College costs, Colleges, Conflict of interests, Congressional reporting requirements, Consultants, Consumer education, Consumers, Discrimination in consumer credit, Education, Educational technology, Equipment and supplies, Ethics Latest Action: 05/02/2007 - Sponsor introductory remarks on measure. (CR S5499-5500)
Bill TextA bill to protect students receiving student loans, and for other purposes. 5/2/2007--Introduced. Student Loan Accountability and Disclosure Reform Act - Amends title IV (Student Assistance) of the Higher Education Act of 1965 (the Act) to expand prohibitions on guaranty agencies operating under the Federal Family Education Loan (FFEL) program by prohibiting their offering specified inducements to institutions of higher education (IHE) or lenders to secure business or providing certain services for such institutions without appropriate compensation. Requires lenders to provide student loan applicants with certain written information regarding: (1) loan conditions; (2) their possible qualification for title IV assistance; (3) the method for determining the applicable interest rate; and (4) whether the loans provided exceed a student's attendance costs. Directs the Secretary of Education and the Secretary of the Treasury to review the private educational loan [...] show full description | | 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: 04/18/2007 - Referred to the Subcommittee on Housing and Community Opportunity.
Bill TextTo 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. 3/29/2007--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. Sets [...] show full description | | Also tagged in: Administrative fees, Administrative procedure, Administrative remedies, Affiliated corporations, Aged, Aliens, Budgets, Business, Cost of living adjustments, Department of the Treasury, Estate tax, Executive departments, Executive reorganization, Exports, Families, Finance Latest Action: 03/29/2007 - Read twice and referred to the Committee on Finance.
Bill TextA bill to promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. 3/29/2007--Introduced. Fair Tax Act of 2007 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2007. Imposes a national sales tax on the use or consumption in the United States of taxable property or services. Sets the sales tax rate at 23% in 2009, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes and for state government functions. Sets forth rules relating to: (1) the collection and remittance of the sales tax; and (2) credits and refunds. Allows families a sales tax rebate.Grants states the primary authority for the collection [...] show full description | | Also tagged in: Administrative procedure, Affordable housing, Aged, Apartment houses, Budgets, Children, Condominium (Housing), Congress, Congressional investigations, Congressional reporting requirements, Consumer education, Consumers, Cooperative housing, Correspondent banks, Counseling, Credit bureaus Latest Action: 09/19/2007 - Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Bill TextTo 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). [...] show full description | | Latest Action: 06/29/2007 - Subcommittee Consideration and Mark-up Session Held.
Bill TextTo amend the Servicemembers Civil Relief Act to extend from 90 days to one year the period after release of a member of the Armed Forces from active duty during which the member is protected from mortgage foreclosure under that Act. 3/28/2007--Introduced. Amends the Servicemembers Civil Relief Act of 1940 to extend from 90 days to one year the period following release from active duty during which a member of the Armed Forces shall be protected from mortgage foreclosure. | | Also tagged in: Access to health care, Actions and defenses, Aged, Ambulatory care, Apprenticeship, Auditing, Budgets, Business, Civil liberties, Civil rights, Civil rights enforcement, Coinsurance, Congress, Congressional investigations, Congressional reporting requirements, Discrimination in insurance Latest Action: 03/07/2008 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 610.
Bill TextTo amend section 712 of the Employee Retirement Income Security Act of 1974, section 2705 of the Public Health Service Act, section 9812 of the Internal Revenue Code of 1986 to require equity in the provision of mental health and substance-related disorder benefits under group health plans, to prohibit discrimination on the basis of genetic information with respect to health insurance and employment, and for other purposes. 3/5/2008--Passed House amended. (There are 4 other summaries) Division A: Paul Wellstone Mental Health and Addiction Equity Act of 2008 - Paul Wellstone Mental Health and Addiction Equity Act of 2008 - Amends the Employee Retirement Income Security Act of 1974 (ERISA), the Public Health Service Act (PSHA), and the Internal Revenue Code to require group health plans to apply the same treatment limits on mental health or substance-related disorder benefits as they do for medical and surgical benefits (parity requirement). Extends [...] show full description | | Also tagged in: Access to health care, Administrative procedure, Armed forces, Armed forces reserves, Bank reserves, Bonds, Budgets, Business, Business ethics, Community development, Conflict of interests, Corporation directors, Defense policy, Dental care, Depressed areas, Economic policy Latest Action: 05/01/2007 - Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 129.
Bill TextTo improve the access to capital programs of the Small Business Administration, and for other purposes. 4/25/2007--Passed House amended. (There are 2 other summaries) Small Business Lending Improvements Act of 2007 - Title I: 7(A) Program - (Sec. 101) Amends the Small Business Act relating to the 7(a) (business start-up loan) program to authorize the Administrator of the Small Business Administration (SBA) to offset (contribute to) borrower and lender fees associated with 7(a) loans when funds are made available to the SBA for such contributions. Requires the quarterly adjustment of any contributions made. (Sec. 102) Directs the Administrator to carry out a rural lending outreach program to provide up to an 85 percent guaranty for loans of $250,000 or less made by lenders to small businesses in rural areas. Requires the SBA to approve or decline such loan within 36 hours. (Sec. 103) Directs the Administrator to carry out a permanent [...] show full description | | Also tagged in: Administrative procedure, Advice and consent of the Senate, Alabama, Armed forces, Armed forces reserves, Banks and banking, Business, Collection of accounts, Congress, Congressional reporting requirements, Data banks, Defense policy, Disaster loans, Disaster relief, Emergency management, Employee training Latest Action: 08/03/2007 - Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 334.
Bill TextTo improve the disaster relief programs of the Small Business Administration, and for other purposes. 4/18/2007--Passed House amended. (There are 2 other summaries) Relief for Entrepreneurs: Coordination of Objectives and Values for Effective Recovery Act of 2007 or RECOVER Act - Title I: Planning - (Sec. 101) Amends the Small Business Act to direct the Administrator of the Small Business Administration (SBA) to develop, implement, and maintain a comprehensive written disaster plan, which shall include, among other things, a description of disasters most likely to occur in each SBA region as well as an assessment of the needs to respond to each disaster. Requires the plan to be: (1) completed within 180 days after enactment of this Act; and (2) updated annually and following any incident of national significance (significant incident). Directs the Administrator to report to the congressional small business committees with respect to each update.[...] show full description | | Latest Action: 02/28/2007 - Sponsor introductory remarks on measure. (CR S2362-2363)
Bill TextA bill to provide all low-income students with the same opportunity to receive a Pell Grant by suspending the tuition sensitivity provision in the Pell Grant program. 2/28/2007--Introduced. Pell Grant Equity Act of 2007 - Amends the Higher Education Act of 1965 to make the formula for calculation of an individual Pell Grant which includes, in part, the sum of the student's tuition, inapplicable for the 2007-2008 academic year. (Thus suspends for such year the "tuition sensitivity provision" which prohibits maximum Pell Grant awards to students attending low-tuition institutions of higher education even if their income is low enough to otherwise qualify for the maximum award.) Amends the Federal Family Education Loan program to lower from 23% to 22% for FY2008 the percentage of a borrower's student loan payment made subsequent to default that a guaranty agency may retain for deposit in its operating fund if the Secretary of Education has already reimbursed [...] show full description | | Also tagged in: Budgets, Collection of accounts, Disaster loans, Disaster relief, Emergency management, Federal-state relations, Finance, Floods, Government lending, Hurricanes, Intergovernmental fiscal relations, Louisiana, Mississippi, State and local government Latest Action: 03/10/2008 - For Further Action See Title 3, Sections 3501 and 3502 of H.R.2206.
Bill TextTo waive the non-Federal share of the cost of certain disaster assistance provided in connection with Hurricanes Katrina and Rita, and for other purposes. 7/11/2007--Reported to House amended. (There is 1 other summary) Hurricanes Katrina, Rita, and Wilma Federal Match Relief Act of 2007 - Sets the federal share of assistance, including direct federal assistance, provided for Louisiana, Mississippi, Texas, and Florida in connection with Hurricanes Katrina, Rita, and Wilma for essential assistance, repair, restoration, and replacement of damaged facilities, debris removal, and federal assistance to individuals and households under the Robert T. Stafford Disaster Relief and Emergency Assistance Act at 100% of eligible costs. Makes the federal share applicable to disaster assistance provided before, on, or after the date of enactment of this Act, but limits such federal share of essential assistance, repair, restoration, and replacement of damaged [...] show full description | | Also tagged in: American Samoa, Auditing, Bank management, Banks and banking, Bonds, Budgets, Federal-territorial relations, Finance, Government information, Government paperwork, Grants-in-aid, Guam, Infrastructure, Infrastructure (Economics), Local finance, Marshall Islands Latest Action: 03/02/2007 - Referred to the Subcommittee on Insular Affairs.
Bill TextTo establish the United States Territories Infrastructure Bond Bank, and for other purposes. 2/15/2007--Introduced. United States Territories Infrastructure Bond Bank Authorization Act - Directs the Secretary to establish a United States Territories Infrastructure Bond Bank to provide low-cost financing for the governments of American Samoa, Guam, the U.S. Virgin Islands, and the Northern Mariana Islands to construct infrastructure or to refinance debt acquired to construct infrastructure. Directs the Secretary to incorporate the Bank in a U.S. jurisdiction and organize the initial meeting of its Board of Directors, which shall consist of five members, with one appointed by the Secretary and each of the governors of American Samoa, Guam, the U.S. Virgin Islands, and the Northern Mariana Islands. Allows the Secretary, after the initial five years of the Bank's existence, to invite the governor of another U.S. territory to appoint a Board member, at which time eligibility [...] show full description | | Also tagged in: Access to health care, Aged, AIDS (Disease), Budgets, Communication in medicine, Communications, Compensatory education, Congress, Congressional investigations, Congressional reporting requirements, Continuing education, Cost effectiveness, Criminal justice, Day care, Demography, Distance education Latest Action: 02/26/2007 - Sponsor introductory remarks on measure. (CR S2231)
Bill TextA bill to amend the Public Health Service Act to promote and improve the allied health professions. 2/15/2007--Introduced. Allied Health Reinvestment Act - Amends the Public Health Service Act to require the Secretary of Health and Human Services to develop public service announcements to promote the allied health professions. Requires the Secretary to award grants to promote such professions by: (1) supporting relevant state and local campaigns; (2) increasing education opportunities; (3) carrying out programs to facilitate the entry of students into relevant careers; (4) expanding enrollment into such programs; (5) providing education through new technologies and methods; (6) enhancing the workforce through retention programs; (7) developing retention strategies; (8) expanding area health education centers to develop models of excellence for such professionals; and (9) developing clinical education, internship, and resident programs that encourage mentoring and the [...] show full description | | Latest Action: 06/05/2007 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
Bill TextTo provide all low-income students with the same opportunity to receive a Pell Grant by suspending the tuition sensitivity provision in the Pell Grant program. 2/27/2007--Passed House amended. (There is 1 other summary) Pell Grant Equity Act of 2007 - Amends the Higher Education Act of 1965 to make the formula for calculation of an individual Pell Grant which includes, in part, the sum of the student's tuition, inapplicable for the 2007-2008 academic year. (Thus suspends for such year the "tuition sensitivity provision" which prohibits maximum Pell Grant awards to students attending low-tuition institutions of higher education even if their income is low enough to otherwise qualify for the maximum award.) Amends the Federal Family Education Loan program to lower from 23% to 22% for FY2008, the percentage of a borrower's student loan payment made subsequent to default that a guaranty agency may retain for deposit in its operating fund [...] show full description | | Also tagged in: Advertising, Budgets, Business, Collection of accounts, College costs, Colleges, Communications, Conflict of interests, Congress, Congressional investigations, Congressional reporting requirements, Consumer complaints, Consumer education, Consumers, Debtor and creditor, Deceptive advertising Latest Action: 06/05/2007 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
Bill TextTo establish requirements for lenders and institutions of higher education in order to protect students and other borrowers receiving educational loans. 5/9/2007--Passed House amended. (There is 1 other summary) Student Loan Sunshine Act - (Sec. 2) Amends title I of the Higher Education Act of 1965 to create a new part E (Lender and Institution Requirements Relating to Educational Loans). Requires each lender entering into a preferred lender arrangement with a covered institution (schools that provide postsecondary studies and receive federal funds) to: (1) certify annually to the Secretary of Education that all of the preferred lender arrangements in which it participates are in compliance with the requirements of this Act; (2) inform borrowers of their loan options under title IV (Student Assistance), including information on more favorable loans under such title, before extending private educational loans for attendance at such institution; and (3) [...] show full description | | Also tagged in: Administrative remedies, Bankruptcy, Collection of accounts, Consumer credit, Consumers, Counseling, Credit bureaus, Debtor and creditor, Earnings, Education, Employment, Fees, Finance, Government information, Government publicity, Governmental investigations Latest Action: 02/07/2007 - Sponsor introductory remarks on measure. (CR S1711)
Bill TextA bill to provide student borrowers with basic rights, including the right to timely information about their loans and the right to make fair and reasonable loan payments, and for other purposes. 2/7/2007--Introduced. Student Borrower Bill of Rights Act of 2007 - Urges the Department of Education to enforce vigorously rules requiring lenders to complete lender verification certificates in a timely manner for borrowers seeking to consolidate loans. Amends the Higher Education Act of 1965 to require specified loan participants under the Federal Family Education Loan (FFEL) and Federal Perkins Loan programs to disclose to each national credit bureau organization any on-time payments made for such loans and their status as student loans. Requires FFEL consolidation loan borrowers or lenders to pay the Department 1% of the balance owed on the sum of such loans to obtain a subsequent FFEL consolidation loan. Allows borrowers to refinance Federal Direct Consolidation [...] show full description | | Also tagged in: Advertising, Budgets, Business, Collection of accounts, College costs, Colleges, Communications, Congress, Congressional investigations, Congressional reporting requirements, Consumer complaints, Consumer education, Consumers, Debtor and creditor, Deceptive advertising, Directories Latest Action: 02/01/2007 - Sponsor introductory remarks on measure. (CR S1533-1534)
Bill TextA bill to establish requirements for lenders and institutions of higher education in order to protect students and other borrowers receiving educational loans. 2/1/2007--Introduced. Student Loan Sunshine Act - Amends the Higher Education Act of 1965 to require each lender entering into an educational loan arrangement with a postsecondary school to: (1) report annually to the Secretary of Education specified information concerning such arrangement; (2) inform borrowers of their loan options under title IV (Student Assistance) before extending private educational loans for attendance at such school; and (3) be barred by such school from marketing such loans in a manner implying the school's endorsement. Directs the Secretary to report to specified congressional committees on the adequacy of educational loan information provided to borrowers, including a model format for lender use in providing annual loan information to the Secretary and covered schools. Requires [...] show full description | | Also tagged in: Administrative procedure, Budgets, College costs, College teachers, Colleges, Congress, Congressional investigations, Congressional reporting requirements, Consumer education, Consumer price indexes, Consumers, Cost control, Cost effectiveness, Department of Education, Distance education, Dropouts Latest Action: 05/09/2007 - Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
Bill TextTo amend the Higher Education Act of 1965 to address the issues of college affordability and transparency. 1/16/2007--Introduced. College Affordability and Transparency Act of 2007 - Amends the Higher Education Act of 1965 to direct the Commissioner of Education Statistics, in redesigning the College Opportunity On-Line (COOL) website, to identify and include the data of greatest importance to prospective and enrolled students, and their families. Requires the Secretary of Education to publish, on such website, additional college affordability information comparing the change in each school's student costs with the change in the consumer price index (CPI) over the most recent three-year period. Requires a school whose prices increase at more than twice the percentage change in the CPI over such time period to: (1) report an explanation to the Secretary; and (2) establish a quality-efficiency task force to review the school's operations, if the school's price [...] show full description | | Also tagged in: Actions and defenses, Administrative procedure, Apprenticeship, Budgets, Civil liberties, Civil rights, Civil rights enforcement, Congress, Congressional reporting requirements, Damages, Department of Health and Human Services, Department of Labor, Department of the Treasury, Discrimination in employment, Discrimination in insurance, Discrimination in medical care Latest Action: 05/01/2008 - Pursuant to the provisions of H. Con. Res. 340, enrollment corrections on H.R. 493 have been made.
Bill TextTo prohibit discrimination on the basis of genetic information with respect to health insurance and employment. 4/24/2008--Passed Senate amended. (There are 2 other summaries) Genetic Information Nondiscrimination Act of 2008 - Title I: Genetic Nondiscrimination in Health Insurance - (Sec. 101) Amends the Employee Retirement Income Security Act of 1974 (ERISA), the Public Health Service Act (PHSA), and the Internal Revenue Code to prohibit a group health plan from adjusting premium or contribution amounts for a group on the basis of genetic information. Prohibits a group health plan from requesting or requiring an individual or family member of an individual from undergoing a genetic test. Provides that such prohibition does not: (1) limit the authority of a health care professional to request an individual to undergo a genetic test; or (2) preclude a group health plan from obtaining or using the results of a genetic test in making a determination [...] show full description | | Also tagged in: Administrative fees, Administrative procedure, Administrative remedies, Affiliated corporations, Aged, Aliens, Budgets, Business, Cost of living adjustments, Department of the Treasury, Estate tax, Executive departments, Executive reorganization, Exports, Families, Finance Latest Action: 01/04/2007 - Referred to the House Committee on Ways and Means.
Bill TextTo promote freedom, fairness, and economic opportunity by repealing the income tax and other taxes, abolishing the Internal Revenue Service, and enacting a national sales tax to be administered primarily by the States. 1/4/2007--Introduced. Fair Tax Act of 2007 - Repeals the income tax, employment tax, and estate and gift tax. Redesignates the Internal Revenue Code of 1986 as the Internal Revenue Code of 2007. Imposes a national sales tax on the use or consumption in the United States of taxable property or services. Sets the sales tax rate at 23 percent in 2009, with adjustments to the rate in subsequent years. Allows exemptions from the tax for property or services purchased for business, export, or investment purposes and for state government functions. Sets forth rules relating to: (1) the collection and remittance of the sales tax; and (2) credits and refunds. Allows families a sales tax rebate.Grants states the primary authority for the collection [...] show full description |
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