HR 2508 · 112th Congress 2011–2013, ended

To extend through fiscal year 2013 the increase in the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, and for other purposes.

Introduced Jul 13, 2011 Originated House Sponsor John Campbell R-CA

Fact sheet Spreadsheet

Latest action · Aug 22, 2011 Referred to the Subcommittee on Insurance, Housing and Community Opportunity.

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.

  1. IntroducedJul 13, 2011
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Declares that, for mortgages originated during FY2012 and FY2013, if the dollar amount limit on the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac) for any size residence for any area is less than the limit in effect for 2008 under the Economic Stimulus Act of 2008, the maximum dollar amount limit on the principal obligation of such a mortgage shall be such maximum limit in effect for 2008 (in effect, an increase in the limit on the maximum original mortgage principal obligation from the FY2012 or FY2013 level to the 2008 level).

Makes a similar declaration (and mortgage principal limit increase), for mortgages for which the mortgagee issues credit approval during FY2012 and FY2013, about the dollar amount limit on the maximum original principal obligation of a mortgage that may be insured by the Secretary of Housing and Urban Development (HUD).

Cosponsors 31

Members who signed on, in the order they did. Signatures ran from Jul 13, 2011 to Nov 16, 2011; 1 is an original cosponsor, there from the day it was introduced.

SeatCosponsorSigned on
D-NYGary L. AckermanOriginalJul 13, 2011
D-WAAdam SmithSep 21, 2011
D-MABarney FrankSep 21, 2011
D-CABob FilnerSep 21, 2011
D-NYCarolyn B. MaloneySep 21, 2011
D-NYCharles B. RangelSep 21, 2011
D-NJDonald M. PayneSep 21, 2011
D-MDDonna F. EdwardsSep 21, 2011
D-NYEdolphus TownsSep 21, 2011
D-NYGregory W. MeeksSep 21, 2011
D-CAHoward L. BermanSep 21, 2011
D-CAJackie SpeierSep 21, 2011
D-CTJames A. HimesSep 21, 2011
D-NYJoseph CrowleySep 21, 2011
D-CALoretta SanchezSep 21, 2011
D-CALynn C. WoolseySep 21, 2011
D-NYMaurice D. HincheySep 21, 2011
D-CAMaxine WatersSep 21, 2011
D-HIMazie K. HironoSep 21, 2011
D-MAMichael E. CapuanoSep 21, 2011
D-ILMike QuigleySep 21, 2011
D-NYNydia M. VelázquezSep 21, 2011
D-WARick LarsenSep 21, 2011
D-CASam FarrSep 21, 2011
D-TNSteve CohenSep 21, 2011
D-NYTimothy H. BishopSep 21, 2011
D-MDChris Van HollenOct 6, 2011
D-CAJoe BacaOct 6, 2011
D-HIColleen HanabusaNov 16, 2011
D-ASEni F. H. FaleomavaegaNov 16, 2011
D-CAJim CostaNov 16, 2011

Committees 1

Where it was sent and what each committee and subcommittee did with it, in order.

ChamberCommitteeWhat it did
HouseFinancial Services Committee
Referred Jul 13, 2011
Capital Markets Subcommittee
Referred Aug 22, 2011
Housing and Insurance Subcommittee
Referred Aug 22, 2011

Actions 4

Everything that happened, newest first.

  1. Aug 22, 2011Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
  2. Aug 22, 2011Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
  3. Jul 13, 2011Introduced in House
  4. Jul 13, 2011Referred 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.

WhereIn the RecordMembersDate
HouseDebate and remarks H7780John Campbell R-CANov 17, 2011
HouseLists H5018H.R. 2508-2526—Jul 13, 2011

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.

Constitutional authority

Congress has the power to enact this legislation pursuant to the following: Clause 3 of section 8 of article I of the Constitution of the United States.

The sponsor’s statement, as printed in the page H5018.

Titles 1

Every title it has carried, official and short, at each stage.

Official Title as Introduced
To extend through fiscal year 2013 the increase in the maximum original principal obligation of a mortgage that may be purchased by the Federal National Mortgage Association or the Federal Home Loan Mortgage Corporation, and for other purposes.

Subjects

Assigned by the Library of Congress. Policy area: Housing and Community Development.

Text 1

Each version as it was printed, newest first.

  1. Jul 13, 2011Introduced in House

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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.