To increase the flexibility of the Secretary of Housing and Urban Development with respect to the amount of premiums charged for FHA single family housing mortgage insurance, and for other purposes.
Latest action · Aug 11, 2010 Became Public Law No: 111-229.
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 30, 2010
- Passed HouseJul 30, 2010
- Passed SenateAug 4, 2010
- To the PresidentAug 10, 2010
- Became lawAug 11, 2010Public Law 111-229
Summary
(This measure has not been amended since it was introduced. The expanded summary of the House passed version is repeated here.)
Amends the National Housing Act with respect to requirements for the insurance of mortgages secured by a one- to four-family dwelling which are obligations of the Mutual Mortgage Insurance Fund.
(Sec. 1) Authorizes the Secretary of Housing and Urban Development (HUD) to establish and collect annual premium payments of up to 1.5% of the remaining insured principal balance on such a dwelling. (Currently the Secretary is required to establish and collect annual premium payments of up to .5% of the remaining insured principal balance.)
Authorizes an annual premium of up to 1.55% of the remaining insured principal balance of any 30-year mortgage on such a dwelling involving an original principal obligation greater than 95% percent of such value. (Currently, an annual premium of up to 0.55% of the remaining insured principal balance on such a mortgage is required.)
Authorizes the Secretary to adjust the amount of any initial or annual premium through notice published in the Federal Register or mortgagee letter, which shall establish the effective date of any such adjustment.
(Sec. 2) Directs the Assistant Secretary of HUD who is the Federal Housing Commissioner to appear before specified congressional committees within 270 days after the enactment of this Act to discuss the finances, including premiums, of the Federal Housing Administration (FHA).
Cosponsors
Members who signed on, in the order they did.
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 30, 2010 |
| Senate | Banking, Housing, and Urban Affairs Committee | Referred Aug 2, 2010Discharged Aug 4, 2010 |
Actions 17
Everything that happened, newest first.
- Aug 11, 2010Signed by President.
- Aug 11, 2010Became Public Law No: 111-229.
- Aug 10, 2010Presented to President.
- Aug 5, 2010Message on Senate action sent to the House.
- Aug 4, 2010Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.(consideration: CR S6741)
- Aug 4, 2010Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S6741)
- Aug 4, 2010Passed/agreed to in Senate: Passed Senate without amendment by Unanimous Consent.
- Aug 4, 2010Cleared for White House.
- Aug 2, 2010Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Jul 30, 2010Introduced in House
- Jul 30, 2010Referred to the House Committee on Financial Services.
- Jul 30, 2010Mr. Frank (MA) moved to suspend the rules and pass the bill.
- Jul 30, 2010Considered under suspension of the rules. (consideration: CR H6468-6469)
- Jul 30, 2010DEBATE - The House proceeded with forty minutes of debate on H.R. 5981.
- Jul 30, 2010Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H6468-6469)
- Jul 30, 2010Motion to reconsider laid on the table Agreed to without objection.
- Jul 30, 2010Received in the Senate.
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 |
|---|---|---|---|
| Senate | Debate and remarks S6741 | Mary L. Landrieu D-LA | Aug 4, 2010 |
| House | Debate and remarks H6468, H6469Text printed H6468 | Barney Frank D-MA, Shelley Moore Capito R-WV | Jul 30, 2010 |
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.
| Number | Hearing | Committee | Held |
|---|---|---|---|
| S. Hrg. 111-854 | THE FEDERAL HOUSING ADMINISTRATION59 pages | Banking, Housing, and Urban Affairs Committee | Sep 23, 2010 |
CRS reports 20
Congressional Research Service work that CRS links to this bill or the law it became, newest first.
Cite it 20
Products on other subjects that cite it, usually among other measures.
| Product | Title | Kind | Published |
|---|---|---|---|
| RS20530 | FHA-Insured Home Loans: An Overview | Report | Jan 21, 2022 |
| R46290 | Overview of FY2021 Appropriations for Commerce, Justice, Science, and Related Agencies (CJS) | Report | Feb 12, 2021 |
| R46512 | Trade-Related Agencies: FY2021 Appropriations, Commerce, Science, Justice and Related Agencies (CJS) | Report | Sep 3, 2020 |
| R46272 | Trade-Related Agencies: FY2020 Appropriations, Commerce, Justice, Science, and Related Agencies (CJS) Archived | Report | Mar 13, 2020 |
| R45702 | Overview of FY2020 Appropriations for Commerce, Justice, Science, and Related Agencies (CJS) | Report | Jan 29, 2020 |
Titles 1
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To increase the flexibility of the Secretary of Housing and Urban Development with respect to the amount of premiums charged for FHA single family housing mortgage insurance, and for other purposes.
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
Text 3
Each version as it was printed, newest first.
- —Enrolled Bill
- Aug 2, 2010Referred in Senate
- Jul 30, 2010Engrossed 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.
