Neighborhood Preservation Act
Latest action · Jul 30, 2009 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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.
- IntroducedMay 20, 2009
- Passed HouseJul 29, 2009
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Neighborhood Preservation Act - Amends the Federal Deposit Insurance Act to authorize any depository institution (or affiliate) to lease, including lease with an option to purchase, to any individual for up to five years an interest in residential property which: (1) was or is security for an extension of credit by such depository institution (or affiliate); and (2) came under the institution's or affiliate's ownership or control through foreclosure (or a deed in lieu of foreclosure) on the extension of credit.
Directs the federal banking agencies to jointly prescribe specified safety and soundness regulations, including minimum capital requirements for such institutions or affiliates.
Permits extension of such a lease beyond five years if any federal or state law, including the Bank Holding Company Act of 1956, so permits.
States this Act applies only to leases entered into during the two-year period beginning on the date of the enactment of this Act.
States the intent of the Congress that: (1) no permanent change in policy on leasing foreclosed property is being established with respect to depository institutions and depository institution holding companies; and (2) bank leasing of foreclosed property authorized under this Act should not apply to leases entered into after such two-year period.
Cosponsors 6
Members who signed on, in the order they did. Signatures ran from May 20, 2009 to Jul 28, 2009; 1 is an original cosponsor, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-IN | Joe Donnelly | Original | May 20, 2009 |
| R-AL | Spencer Bachus | Jul 16, 2009 | |
| D-MA | Barney Frank | Jul 17, 2009 | |
| D-TX | Eddie Bernice Johnson | Jul 24, 2009 | |
| D-TX | Ruben Hinojosa | Jul 27, 2009 | |
| D-TX | Al Green | Jul 28, 2009 |
Committees 2
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 May 20, 2009 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Jul 30, 2009 |
Actions 8
Everything that happened, newest first.
- Jul 30, 2009Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jul 29, 2009Mr. Moore (KS) moved to suspend the rules and pass the bill, as amended.
- Jul 29, 2009Considered under suspension of the rules. (consideration: CR H8971-8973)
- Jul 29, 2009DEBATE - The House proceeded with forty minutes of debate on H.R. 2529.
- Jul 29, 2009Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H8971-8973)
- Jul 29, 2009Motion to reconsider laid on the table Agreed to without objection.
- May 20, 2009Introduced in House
- May 20, 2009Referred to the House Committee on Financial Services.
In the Congressional Record 2
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 H8971–H8973Text printed H8971 | Al Green D-TX, Dennis Moore D-KS, Gary G. Miller R-CA, Joe Donnelly D-IN | Jul 29, 2009 |
| House | Debate and remarks H6371 | Gary G. Miller R-CA | Jun 9, 2009 |
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 2
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. 111-77 | THE STATE OF RESEARCH INFRASTRUCTURE AT U.S. UNIVERSITIES83 pages | Science, Space, and Technology Committee | Feb 23, 2010 |
| Serial No. 111-51 | LEGISLATIVE OPTIONS FOR PRESERVING FEDERALLY- AND STATE-ASSISTED AFFORDABLE HOUSING AND PREVENTING DISPLACEMENT OF LOW-INCOME, ELDERLY, AND DISABLED TENANTS45 pages | Financial Services Committee | Jun 25, 2009 |
CRS reports 1
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 1
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| R41616 | Housing Issues in the 111th Congress Archived | Report | Jan 10, 2012 |
Titles 3
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To amend the Federal Deposit Insurance Act to authorize depository institutions and depository institution holding companies to lease foreclosed property held by such institutions and companies for up to 5 years, and for other purposes.
- Short Titles as Introduced
- Neighborhood Preservation Act
- Short Titles as Passed House
- Neighborhood Preservation Act
Subjects
Assigned by the Library of Congress. Policy area: Finance and Financial Sector.
- Administrative law and regulatory procedures
- Bank accounts, deposits, capital
- Banking and financial institutions regulation
- Department of the Treasury
- Federal Deposit Insurance Corporation (FDIC)
- Federal Reserve System
- Finance and Financial Sector
- Housing finance and home ownership
- National Credit Union Administration
Text 3
Each version as it was printed, newest first.
- Jul 30, 2009Referred in Senate
- Jul 29, 2009Engrossed in House
- May 20, 2009Introduced 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.
