HR 2589 · 107th Congress 2001–2003, ended

Mark-to-Market Extension Act of 2001

Latest action · Sep 25, 2001 Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 168.

Progress

Where this bill reached, and when. A stage with no date was not reached; one that failed a vote and later carried shows the date it carried.

  1. IntroducedJul 23, 2001
  2. Passed HouseSep 24, 2001
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Mark-to-Market Extension Act of 2001 - Title I: Multifamily Housing Mortgage and Assistance Restructuring and Section 8 Contract Renewal - Amends the Multifamily Assisted Housing Reform and Affordability Act of 1997 (Act) to: (1) require (currently, authorizes) the Secretary of Housing and Human Services to make annual funding for tenant and nonprofit participation available for the multifamily mortgage mark-to-market section 8 restructuring program; and (2) permit carryover of unused funds.

Provides for: (1) consistency of rent levels under enhanced voucher assistance and rent restructurings; (2) eligible inclusions for renewal rents of partially assisted buildings; (3) eligibility of restructuring projects for miscellaneous housing insurance; (4) Office of Multifamily Housing Assistance Restructuring (Office) notice to displaced tenants; (5) restructuring exemption for certain older properties under the American Homeownership and Economic Opportunity Act of 2000; and (6) "look-back" project eligibility.

Title II: Office of Multifamily Housing Assistance Restructuring - Amends the Act to extend: (1) the Office through October 1, 2004; and (2) the mark-to-market program through October 1, 2006 (with no termination date for section 8 contract renewals). Sets forth provisions relating to the Office, including its Director and oversight by the Federal Housing Commissioner. Reduces the limitation on subsequent employment from two years to one year.

Title III: Miscellaneous Housing Program Amendments - Amends the Housing and Community Development Act of 1974 to extend the community development block grant public services cap exception through FY 2003.

(Sec. 302) Amends the United States Housing Act of 1937 to permit the use of section 8 enhanced vouchers for prepayments made in 1996 or thereafter.

(Sec. 303) Amends the American Homeownership and Economic Opportunity Act of 2000 to permit prepayment and refinancing of loans for section 202 supportive housing.

Cosponsors 1

Members who signed on, in the order they did. All signed on Jul 23, 2001.

SeatCosponsorSigned on
D-MABarney FrankOriginalJul 23, 2001

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseFinancial Services Committee
Referred Jul 23, 2001Markup Jul 25, 2001Reported Sep 5, 2001

Actions 15

Everything that happened, newest first.

  1. Sep 25, 2001Received in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 168.
  2. Sep 24, 2001Mr. Green (WI) moved to suspend the rules and pass the bill, as amended.
  3. Sep 24, 2001Considered under suspension of the rules. (consideration: CR H5949-5955)
  4. Sep 24, 2001DEBATE - The House proceeded with forty minutes of debate on H.R. 2589.
  5. Sep 24, 2001At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
  6. Sep 24, 2001ORDER OF PROCEDURE - Mr. Hefley asked unanimous consent that the proceedings in which the Yeas and Nays were ordered on the motion to suspend the rules and pass H.R. 2589 be vacated and that the Chair put the question on the motion de novo. Agreed to without objection.
  7. Sep 24, 2001Considered as unfinished business. (consideration: CR H5989)
  8. Sep 24, 2001Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H5949-5952)
  9. Sep 24, 2001Motion to reconsider laid on the table Agreed to without objection.
  10. Sep 5, 2001Reported by the Committee on Financial Services. H. Rept. 107-196.
  11. Sep 5, 2001Placed on the Union Calendar, Calendar No. 115.
  12. Jul 25, 2001Committee Consideration and Mark-up Session Held.
  13. Jul 25, 2001Ordered to be Reported by Voice Vote.
  14. Jul 23, 2001Introduced in House
  15. Jul 23, 2001Referred to the House Committee on Financial Services.

In the Congressional Record 1

Days the Record’s own index lists this bill, newest first, with the pages and the members it names. Pages starting H are the House, S the Senate, E Extensions of Remarks.

WhereIn the RecordMembersDate
HouseDebate and remarks H5949–H5955, H5961Text printed H5949–H5952Analyses H5953Barney Frank D-MA, Joel Hefley R-CO, Julia Carson D-IN, Mark Green R-WI, Michael G. Oxley R-OHSep 24, 2001

Research

What has been written about this bill: committee reports, cost estimates, the sponsor’s authority statement, printed hearings and the Congressional Research Service’s work.

Committee report

Congressional Budget Office cost estimates 2

  1. Aug 23, 2001H.R. 2589, Office of Multifamily Housing Assistance Restructuring Act of 2001<p>Cost estimate for the bill as ordered reported by the House Committee on Financial Services on July 25, 2001</p>
  2. Aug 23, 2001H.R. 2589, Office of Multifamily Housing Assistance Restructuring Act of 2001Cost estimate for the bill as ordered reported by the House Committee on Financial Services on July 25, 2001

Related bills 1

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
S 1254Mark-to-Market Extension Act of 2001Companion billAug 1, 2001

Titles 4

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To amend the Multifamily Assisted Housing Reform and Affordability Act of 1997 to reauthorize the Office of Multifamily Housing Assistance Restructuring, and for other purposes.
Short Titles as Introduced
Office of Multifamily Housing Assistance Restructuring Extension Act of 2001
Short Titles as Reported to House
Office of Multifamily Housing Assistance Restructuring Extension Act of 2001
Short Titles as Passed House
Mark-to-Market Extension Act of 2001

Subjects

Assigned by the Library of Congress. Policy area: Housing and Community Development.

Text 4

Each version as it was printed, newest first.

  1. Sep 25, 2001Placed on Calendar Senate
  2. Sep 24, 2001Engrossed in House
  3. Sep 5, 2001Reported in House
  4. Jul 23, 2001Introduced in House

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Everything here is as published by Congress: the summary is the Congressional Research Service's, the action wording is the clerks', and the subjects are the Library of Congress's. How far it got is read from the actions themselves, taking the most recent one of each kind, so a bill that failed a vote and later passed is shown as having passed. Records come from this bill on Congress.gov and govinfo.gov; cost estimates are the Congressional Budget Office's, and the hearings are the printed hearings GovInfo publishes, which can appear months after the hearing.