Financial Literacy for Homeowners Act
Latest action · Jul 23, 2007 Referred to the House Committee on Financial Services.
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.
- IntroducedJul 23, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
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 Advisory Council to: (1) advise the Secretary; and (2) study and report to the Secretary and Congress on the root causes of default and foreclosure of home loans.
Cosponsors 7
Members who signed on, in the order they did. Signatures ran from Jul 23, 2007 to Dec 18, 2007; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-CT | Christopher Shays | Original | Jul 23, 2007 |
| D-NY | Carolyn B. Maloney | Jul 25, 2007 | |
| D-NY | Yvette D. Clarke | Jul 25, 2007 | |
| D-GA | John Lewis | Aug 2, 2007 | |
| D-WI | Gwen Moore | Oct 3, 2007 | |
| D-TX | Eddie Bernice Johnson | Nov 15, 2007 | |
| D-CA | Jerry McNerney | Dec 18, 2007 |
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Financial Services Committee | Referred Jul 23, 2007 |
Actions 2
Everything that happened, newest first.
- Jul 23, 2007Introduced in House
- Jul 23, 2007Referred to the House Committee on Financial Services.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To 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.
- Short Titles as Introduced
- Financial Literacy for Homeowners Act
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
- Commerce
- Congress
- Congressional reporting requirements
- Consumer complaints
- Consumer education
- Consumer protection
- Counseling
- Economics and Public Finance
- Federal advisory bodies
- Federal aid to housing
- Finance and Financial Sector
- Foreclosure
- Government Operations and Politics
- Governmental investigations
- Home ownership
- Housing and Community Development
- Housing finance
- Loan defaults
- Mortgages
- Nonprofit organizations
- Science, Technology, Communications
- Social Welfare
- Telephone
- Usury
Text 1
Each version as it was printed, newest first.
- Jul 23, 2007Introduced in House
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.
