Emergency Home Ownership and Mortgage Equity Protection Act of 2007
Latest action · Dec 12, 2007 Ordered to be Reported (Amended) by the Yeas and Nays: 17 - 15.
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.
- IntroducedSep 20, 2007
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Emergency Home Ownership and Mortgage Equity Protection Act of 2007 - Amends federal bankruptcy law governing a chapter 13 debtor (adjustment of debts of an individual with regular income) to prohibit the holder of a claim in bankruptcy which is secured by debtor's principal residence from adding fees, costs, or charges while the case is pending, unless such claimholder gives timely notice to both debtor and the bankruptcy trustee.
Revises requirements for the discretionary features of a chapter 13 debtor's plan. Removes the prohibition against modification of the rights of a holder of a claim secured only by an interest in real property that is the debtor's principal residence. (Thus allows a plan to modify such rights.)
Authorizes a chapter 13 bankruptcy plan to provide for payment of allowed claims secured by the debtor's principal residence over a period that exceeds a specified time frame.
Eliminates the pre-petition credit counseling requirement for a chapter 13 debtor facing foreclosure if the debtor submits a certification to the court that the holder of a claim secured by the debtor's principal residence has initiated foreclosure on that residence.
Adds to conditions for court confirmation of a plan in bankruptcy that the holder of an allowed claim secured by the debtor's principal residence shall retain the lien securing such claim until the claim is paid.
Excludes from final discharge of a debtor from all debts any allowed claim secured by the debtor's principal residence before such claim is paid.
Cosponsors 87
Members who signed on, in the order they did. Signatures ran from Sep 20, 2007 to Nov 20, 2008; 4 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-MA | Barney Frank | Original | Sep 20, 2007 |
| D-NY | Carolyn B. Maloney | Original | Sep 20, 2007 |
| D-CA | Linda T. Sánchez | Original | Sep 20, 2007 |
| D-NC | Melvin L. Watt | Original | Sep 20, 2007 |
| D-GA | Henry C. "Hank" Johnson, Jr. | Sep 25, 2007 | |
| D-NY | Jerrold Nadler | Sep 25, 2007 | |
| D-MN | Keith Ellison | Sep 25, 2007 | |
| D-TN | Steve Cohen | Sep 25, 2007 | |
| D-AL | Artur Davis | Sep 26, 2007 | |
| D-MA | Bill Delahunt | Sep 26, 2007 | |
| D-CA | George Miller | Sep 27, 2007 | |
| D-CA | Loretta Sanchez | Sep 27, 2007 | |
| D-IL | Luis V. Gutierrez | Sep 27, 2007 | |
| D-CA | Zoe Lofgren | Oct 4, 2007 | |
| D-TX | Al Green | Oct 10, 2007 | |
| D-OH | Betty Sutton | Oct 10, 2007 | |
| D-NC | G. K. Butterfield | Oct 10, 2007 | |
| D-GU | Madeleine Z. Bordallo | Oct 10, 2007 | |
| D-NY | Yvette D. Clarke | Oct 10, 2007 | |
| D-FL | Alcee L. Hastings | Oct 15, 2007 | |
| D-MD | Chris Van Hollen | Oct 15, 2007 | |
| D-FL | Debbie Wasserman Schultz | Oct 15, 2007 | |
| D-CA | Fortney Pete Stark | Oct 15, 2007 | |
| D-OH | Stephanie Tubbs Jones | Oct 15, 2007 | |
| D-NY | Maurice D. Hinchey | Oct 17, 2007 | |
| D-NY | Nita M. Lowey | Oct 17, 2007 | |
| D-OR | Earl Blumenauer | Oct 18, 2007 | |
| D-CA | Lynn C. Woolsey | Oct 23, 2007 | |
| D-NY | Gary L. Ackerman | Oct 25, 2007 | |
| D-IL | Phil Hare | Oct 25, 2007 | |
| D-OH | Tim Ryan | Oct 29, 2007 | |
| D-MD | Albert Russell Wynn | Nov 6, 2007 | |
| D-CA | Bob Filner | Nov 6, 2007 | |
| D-IA | David Loebsack | Nov 6, 2007 | |
| D-IL | Jesse L. Jackson, Jr. | Nov 6, 2007 | |
| D-WA | Jim McDermott | Nov 6, 2007 | |
| D-AZ | Raúl M. Grijalva | Nov 6, 2007 | |
| D-VI | Donna M. Christensen | Nov 14, 2007 | |
| D-MO | Emanuel Cleaver | Nov 14, 2007 | |
| D-IL | Janice D. Schakowsky | Nov 14, 2007 | |
| D-MD | Elijah E. Cummings | Dec 4, 2007 | |
| D-CA | Michael M. Honda | Dec 4, 2007 | |
| D-CA | Brad Sherman | Dec 12, 2007 | |
| D-MI | John Conyers, Jr. | Dec 12, 2007 | |
| D-TX | Lloyd Doggett | Dec 12, 2007 | |
| D-CA | Maxine Waters | Dec 12, 2007 | |
| R-OH | Steve Chabot | Dec 12, 2007 | |
| D-VA | Robert C. "Bobby" Scott | Dec 17, 2007 | |
| D-TX | Eddie Bernice Johnson | Dec 19, 2007 | |
| D-CA | Lucille Roybal-Allard | Dec 19, 2007 | |
| D-TX | Sheila Jackson Lee | Dec 19, 2007 | |
| D-CA | Joe Baca | Jan 16, 2008 | |
| D-IL | Danny K. Davis | Jan 29, 2008 | |
| D-MD | John P. Sarbanes | Jan 29, 2008 | |
| D-MS | Bennie G. Thompson | Feb 7, 2008 | |
| D-PA | Chaka Fattah | Feb 7, 2008 | |
| D-CA | Hilda L. Solis | Feb 7, 2008 | |
| D-MI | John D. Dingell | Feb 7, 2008 | |
| D-GA | John Lewis | Feb 7, 2008 | |
| D-FL | Kendrick B. Meek | Feb 7, 2008 | |
| D-ME | Thomas H. Allen | Feb 7, 2008 | |
| D-NJ | Albio Sires | Feb 21, 2008 | |
| D-NH | Carol Shea-Porter | Feb 21, 2008 | |
| D-NY | Jose E. Serrano | Feb 21, 2008 | |
| R-OH | Michael R. Turner | Feb 21, 2008 | |
| D-PA | Allyson Y. Schwartz | Feb 28, 2008 | |
| D-FL | Corrine Brown | Feb 28, 2008 | |
| D-CA | Howard L. Berman | Feb 28, 2008 | |
| D-CA | Grace F. Napolitano | Mar 5, 2008 | |
| D-MA | James P. McGovern | Mar 5, 2008 | |
| D-MO | Wm. Lacy Clay | Mar 5, 2008 | |
| D-NJ | Donald M. Payne | Mar 11, 2008 | |
| D-NY | Gregory W. Meeks | Mar 11, 2008 | |
| D-MI | Carolyn C. Kilpatrick | Mar 13, 2008 | |
| D-MA | Edward J. Markey | Mar 13, 2008 | |
| D-MA | John W. Olver | Mar 13, 2008 | |
| D-NY | Louise McIntosh Slaughter | Mar 13, 2008 | |
| D-PA | Robert A. Brady | Mar 13, 2008 | |
| D-MN | Betty McCollum | Mar 14, 2008 | |
| D-CT | Rosa L. DeLauro | Mar 14, 2008 | |
| D-CA | Barbara Lee | Apr 9, 2008 | |
| D-OH | Dennis J. Kucinich | May 6, 2008 | |
| D-NY | Edolphus Towns | May 6, 2008 | |
| D-CT | Joe Courtney | May 6, 2008 | |
| D-OH | Marcy Kaptur | May 6, 2008 | |
| D-MD | Donna F. Edwards | Nov 20, 2008 | |
| D-MA | Michael E. Capuano | Nov 20, 2008 |
Withdrew 1 Christopher Shays R-CT Feb 28, 2008
Committees 1
Where it was sent and what each committee and subcommittee did with it, in order.
| Chamber | Committee | What it did |
|---|---|---|
| House | Judiciary Committee | Referred Sep 20, 2007Markup Dec 12, 2007 |
| Commercial and Administrative Law Subcommittee | Referred Oct 3, 2007Markup Oct 4, 2007Reported Oct 4, 2007 |
Actions 7
Everything that happened, newest first.
- Dec 12, 2007Committee Consideration and Mark-up Session Held.
- Dec 12, 2007Ordered to be Reported (Amended) by the Yeas and Nays: 17 - 15.
- Oct 4, 2007Subcommittee Consideration and Mark-up Session Held.
- Oct 4, 2007Forwarded by Subcommittee to Full Committee by the Yeas and Nays: 5 - 4 .
- Oct 3, 2007Referred to the Subcommittee on Commercial and Administrative Law.
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.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H1807 | Barbara Lee D-CA, Stephanie Tubbs Jones D-OH | Mar 31, 2008 |
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.
Congressional Budget Office cost estimates 2
- Feb 5, 2008H.R. 3609, Emergency Home Ownership and Mortgage Equity Protection Act of 2007<p>Cost estimate for the bill as ordered reported by the House Committee on the Judiciary on December 12, 2007</p>
- Feb 5, 2008H.R. 3609, Emergency Home Ownership and Mortgage Equity Protection Act of 2007Cost estimate for the bill as ordered reported by the House Committee on the Judiciary on December 12, 2007
Printed hearings 7
Hearings whose printed record names this bill, newest first: hearings on it, and wider hearings where it came up.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| Serial No. 110-132 | A REVIEW OF MORTGAGE SERVICING PRACTICES AND FORECLOSURE MITIGATION155 pages | Financial Services Committee | Jul 25, 2008 |
| Serial No. 110-74 | SUBPRIME MORTGAGE CRISIS AND AMERICA'S VETERANS76 pages | Veterans' Affairs Committee | Feb 28, 2008 |
| Serial No. 110-89 | EFFECTS OF THE SUBPRIME MORTGAGE CRISIS IN NEW YORK CITY AND EFFORTS TO HELP STRUGGLING HOMEOWNERS95 pages | Financial Services Committee | Feb 11, 2008 |
| Serial No. 110-169 | GROWING MORTGAGE FORECLOSURE CRISIS: IDENTIFYING SOLUTIONS AND DISPELLING MYTHS190 pages | Judiciary Committee | Jan 29, 2008 |
| Serial No. 110-83 | ACCELERATING LOAN MODIFICATIONS, IMPROVING FORECLOSURE PREVENTION, AND ENHANCING ENFORCEMENT218 pages | Financial Services Committee | Dec 6, 2007 |
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend title 11 of the United States Code with respect to modification of certain mortgages on principal residences, and for other purposes.
- Short Titles as Introduced
- Emergency Home Ownership and Mortgage Equity Protection Act of 2007
Subjects
Assigned by the Library of Congress. Policy area: Law.
Text 1
Each version as it was printed, newest first.
- Sep 20, 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.
