HR 2969 · 107th Congress 2001–2003, ended

Home Equity Loss Prevention and Economic Recovery Act of 2001

Introduced Sep 25, 2001 Originated House Sponsor Maxine Waters D-CA

Fact sheet Spreadsheet

Latest action · Sep 25, 2001 Referred to the House Committee on Ways and Means.

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. IntroducedSep 25, 2001
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Home Equity Loss Prevention and Economic Recovery Act of 2001 - Amends the Internal Revenue Code of 1986 to allow a personal interest deduction (up to $10,000, adjustable for inflation) for individuals. Repeals restrictions on the deduction for education loans.

Cosponsors 57

Members who signed on, in the order they did. Signatures ran from Sep 25, 2001 to Dec 5, 2001; 47 are original cosponsors, there from the day it was introduced.

SeatCosponsorSigned on
D-MDAlbert Russell WynnOriginalSep 25, 2001
D-CAAnna G. EshooOriginalSep 25, 2001
D-MSBennie G. ThompsonOriginalSep 25, 2001
D-MABill DelahuntOriginalSep 25, 2001
D-TNBob ClementOriginalSep 25, 2001
D-NYCarolyn B. MaloneyOriginalSep 25, 2001
D-FLCarrie P. MeekOriginalSep 25, 2001
D-PAChaka FattahOriginalSep 25, 2001
D-TXCharles A. GonzalezOriginalSep 25, 2001
D-TXCiro D. RodriguezOriginalSep 25, 2001
D-FLCorrine BrownOriginalSep 25, 2001
D-ILDanny K. DavisOriginalSep 25, 2001
D-OHDennis J. KucinichOriginalSep 25, 2001
D-KSDennis MooreOriginalSep 25, 2001
D-NJDonald M. PayneOriginalSep 25, 2001
D-AZEd PastorOriginalSep 25, 2001
D-MAEdward J. MarkeyOriginalSep 25, 2001
D-MDElijah E. CummingsOriginalSep 25, 2001
D-NCEva M. ClaytonOriginalSep 25, 2001
D-CAGrace F. NapolitanoOriginalSep 25, 2001
D-TNHarold E. Ford Jr.OriginalSep 25, 2001
D-SCJames E. ClyburnOriginalSep 25, 2001
D-MAJames P. McGovernOriginalSep 25, 2001
D-VAJames P. MoranOriginalSep 25, 2001
D-RIJames R. LangevinOriginalSep 25, 2001
D-ILJesse L. Jackson, Jr.OriginalSep 25, 2001
D-TXJim TurnerOriginalSep 25, 2001
D-MEJohn Elias BaldacciOriginalSep 25, 2001
D-INJulia CarsonOriginalSep 25, 2001
D-CALynn C. WoolseyOriginalSep 25, 2001
D-NYMajor R. OwensOriginalSep 25, 2001
D-TXMax SandlinOriginalSep 25, 2001
D-NCMelvin L. WattOriginalSep 25, 2001
D-CANancy PelosiOriginalSep 25, 2001
D-TXNick LampsonOriginalSep 25, 2001
D-ORPeter A. DeFazioOriginalSep 25, 2001
D-CARobert T. MatsuiOriginalSep 25, 2001
D-TXRuben HinojosaOriginalSep 25, 2001
D-NJRush HoltOriginalSep 25, 2001
D-CASam FarrOriginalSep 25, 2001
D-TXSheila Jackson LeeOriginalSep 25, 2001
D-TXSilvestre ReyesOriginalSep 25, 2001
D-MDSteny H. HoyerOriginalSep 25, 2001
D-PATim HoldenOriginalSep 25, 2001
D-OHTom SawyerOriginalSep 25, 2001
D-MOWm. Lacy ClayOriginalSep 25, 2001
D-CAZoe LofgrenOriginalSep 25, 2001
D-CABarbara LeeOct 2, 2001
R-NEDoug BereuterOct 2, 2001
D-ALEarl F. HilliardOct 2, 2001
D-NYMaurice D. HincheyOct 2, 2001
D-PAPaul E. KanjorskiOct 2, 2001
D-OHStephanie Tubbs JonesOct 2, 2001
D-NJBill Pascrell, Jr.Oct 11, 2001
D-DCEleanor Holmes NortonOct 11, 2001
D-NYJoseph CrowleyNov 1, 2001
R-PATodd Russell PlattsDec 5, 2001

Committees 1

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

ChamberCommitteeWhat it did
HouseWays and Means Committee
Referred Sep 25, 2001

Actions 2

Everything that happened, newest first.

  1. Sep 25, 2001Introduced in House
  2. Sep 25, 2001Referred to the House Committee on Ways and Means.

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
ExtensionsDebate and remarks E1740Maxine Waters D-CASep 25, 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.

Printed hearings 1

Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.

NumberHearingCommitteeHeld
Serial No. 107-49GIVING CONSUMERS CREDIT: HOW IS THE CREDIT CARD INDUSTRY TREATING ITS CUSTOMERS?172 pagesFinancial Services CommitteeNov 1, 2001

Titles 2

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

Official Title as Introduced
To amend the Internal Revenue Code of 1986 to restore a partial deduction for personal interest and thereby to encourage economic recovery and to avoid the need to borrow against home equity.
Short Titles as Introduced
Home Equity Loss Prevention and Economic Recovery Act of 2001

Subjects

Assigned by the Library of Congress. Policy area: Taxation.

Text 1

Each version as it was printed, newest first.

  1. Sep 25, 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.