Family Foreclosure Rescue Corporation Act
Latest action · Jan 12, 2012 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.
- IntroducedOct 6, 2011
- Passed HouseNot reached
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
Family Foreclosure Rescue Corporation Act - Instructs the Secretary of the Treasury to establish the Family Foreclosure Rescue Corporation to acquire, via the sale of bonds, home mortgages, and other obligations and liens secured by real estate which are currently in default or at foreseeable risk of default.
Cosponsors 1
Members who signed on, in the order they did. All signed on Dec 15, 2011.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| D-VA | James P. Moran | Dec 15, 2011 |
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 Oct 6, 2011 |
| Capital Markets Subcommittee | Referred Jan 12, 2012 | |
| Housing and Insurance Subcommittee | Referred Jan 12, 2012 | |
| House | Ways and Means Committee | Referred Oct 6, 2011 |
Actions 4
Everything that happened, newest first.
- Jan 12, 2012Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
- Jan 12, 2012Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
- Oct 6, 2011Introduced in House
- Oct 6, 2011Referred to the Committee on Financial Services, and in addition to the Committee on Ways and Means, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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
The sponsor’s statement, as printed in the page H6673.
Titles 2
Every title it has carried, official and short, at each stage.
- Official Title as Introduced
- To establish the Family Foreclosure Rescue Corporation to provide emergency relief to refinance home mortgages of homeowners in foreclosure or default.
- Short Titles as Introduced
- Family Foreclosure Rescue Corporation Act
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
Text 1
Each version as it was printed, newest first.
- Oct 6, 2011Introduced 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.
