21st Century FHA Housing Act of 2009
Latest action · Sep 16, 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.
- IntroducedJul 9, 2009
- Passed HouseSep 15, 2009
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
21st Century FHA Housing Act of 2009 - (Sec. 2) Amends the National Housing Act to declare that the Secretary of Housing and Urban Affairs (HUD) is not subject to the National Environmental Policy Act of 1969 when insuring any mortgage for a one-family unit in a multifamily project that holds an undivided interest in the common areas and facilities which serve the project (condominium).
(Sec. 4) Authorizes the Secretary to: (1) appoint and fix the compensation of HUD personnel; and (2) use certain funds to maintain an appropriate level of investment in information technology in order to upgrade HUD technology systems used in carrying out personnel-related functions.
Sets a cap upon the use of premium-generated income for such upgrades, subject to approval in advance in an appropriation Act.
(Sec. 5) Requires the Secretary to: (1) establish a comprehensive training and education program to improve certain HUD services to users of Federal Housing Administration (FHA) mortgage insurance programs; and (2) conduct an ongoing review of delinquencies among recent single family housing mortgage originations; and (3) make available to certain congressional committees any information and conclusions pursuant to such review of delinquencies.
Amends the Helping Families Save Their Homes Act of 2009 to direct the Secretary to implement procedures that analyze mortgage performance during the mandatory random review of mortgagees on one- to four-family residences who potentially present a high risk to the Mutual Mortgage Insurance Fund.
(Sec. 6) Expresses the sense of Congress that the Secretary of the Treasury, the Secretary of HUD, and the Director of the Federal Housing Finance Agency (FHFA) should use their statutory and regulatory authorities to provide financial assistance to facilitate increased warehouse credit capacity by qualified warehouse lenders.
Urges that such assistance: (1) be used only to expand the amount of credit or lending capacity made available to qualified mortgage lenders by qualified warehouse lenders in order to fund residential mortgage loans; and (2) be provided in a manner which might include direct loans, guarantees, credit enhancement, and other incentives.
(Sec. 7) Amends the National Housing Act to authorize the Secretary to implement alternative insured mortgage foreclosure avoidance demonstration programs, including methods involving short sales and deeds in lieu of foreclosure, and partial or full payment of insurance benefits to the mortgagee.
Cosponsors 4
Members who signed on, in the order they did. Signatures ran from Jul 9, 2009 to Jul 31, 2009; 3 are original cosponsors, there from the day it was introduced.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-NY | Christopher J. Lee | Original | Jul 9, 2009 |
| D-CT | James A. Himes | Original | Jul 9, 2009 |
| R-NJ | Leonard Lance | Original | Jul 9, 2009 |
| D-CO | Ed Perlmutter | Jul 31, 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 Jul 9, 2009 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Sep 16, 2009 |
Actions 8
Everything that happened, newest first.
- Sep 16, 2009Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Sep 15, 2009Mr. Adler (NJ) moved to suspend the rules and pass the bill, as amended.
- Sep 15, 2009Considered under suspension of the rules. (consideration: CR H9520-9522)
- Sep 15, 2009DEBATE - The House proceeded with forty minutes of debate on H.R. 3146.
- Sep 15, 2009Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by voice vote. (text: CR H9520-9521)
- Sep 15, 2009Motion to reconsider laid on the table Agreed to without objection.
- Jul 9, 2009Introduced in House
- Jul 9, 2009Referred 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.
| Where | In the Record | Members | Date |
|---|---|---|---|
| House | Debate and remarks H9520–H9522Text printed H9520 | Christopher J. Lee R-NY, John H. Adler D-NJ | Sep 15, 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 4
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. 111-110 | THE FHA REFORM ACT OF 2010129 pages | Financial Services Committee | Mar 11, 2010 |
| Serial No. 111-91 | FY09 FHA ACTUARIAL REPORT108 pages | Financial Services Committee | Dec 2, 2009 |
| S. Hrg. 111-473 | THE STATE OF THE NATION'S HOUSING MARKET118 pages | Banking, Housing, and Urban Affairs Committee | Oct 20, 2009 |
| Serial No. 111-87 | THE FUTURE OF THE FEDERAL HOUSING ADMINISTRATION'S CAPITAL RESERVES: ASSUMPTIONS, PREDICTIONS, AND IMPLICATIONS FOR HOMEBUYERS231 pages | Financial Services Committee | Oct 8, 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 make improvements to the FHA mortgage insurance programs of the Department of Housing and Urban Development, and for other purposes.
- Short Titles as Introduced
- 21 Century FHA Housing Act of 2009
- Short Titles as Passed House
- 21st Century FHA Housing Act of 2009
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
- Computers and information technology
- Cooperative and condominium housing
- Credit and credit markets
- Department of Housing and Urban Development
- Environmental assessment, monitoring, research
- Financial crises and stabilization
- Government employee pay, benefits, personnel management
- Government information and archives
- Government lending and loan guarantees
- Government trust funds
- Housing and Community Development
- Housing and community development funding
- Housing finance and home ownership
Text 3
Each version as it was printed, newest first.
- Sep 16, 2009Referred in Senate
- Sep 15, 2009Engrossed in House
- Jul 9, 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.
