FHA Refinance Program Termination Act
Latest action · Mar 14, 2011 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.
- IntroducedFeb 28, 2011
- Passed HouseMar 10, 2011
- Passed SenateNot reached
- To the PresidentNot reached
- Became lawNot reached
Summary
FHA Refinance Program Termination Act - Rescinds and permanently cancels all unexpended funding remaining available and allocated for the Federal Housing Administration (FHA) Refinancing Program of the Making Home Affordable initiative of the Secretary of the Treasury (under which borrowers owing more on their mortgage than the value of their home are provided opportunities to refinance into a FHA loan). Terminates the program.
Requires all such unobligated balances so rescinded and permanently canceled to be retained in the general fund of the Treasury for reducing the debt of the federal government.
Directs the Secretary of Housing and Urban Development (HUD) to study: (1) the extent to which the FHA Refinancing Program is used by homeowners who are active duty members of the Armed Forces (or their spouses or parents), veterans, Gold Star-eligible widows, parents, or next of kin of Armed Forces members who died in military operations, or members or veterans with service-connected injuries (and their survivors and dependents); and (2) the impact of the program on such homeowners.
Directs the HUD Secretary to publish a statement on the HUD website as to: (1) termination of the FHA Short [sic] Refinance Program; and (2) the availability of a Member of Congress to assist any borrower having trouble paying a mortgage and needing help contacting the borrower's lender or servicer to negotiate or acquire a loan modification.
Recorded votes 4
Newest first. Open one to see how every member voted.
| Roll call | Question | Result | Date |
|---|---|---|---|
| House 171 | On Passage | Passed256–171 | Mar 10, 2011 |
| House 170 | On Motion to Recommit with Instructions | Failed185–243 | Mar 10, 2011 |
| House 169 | On Agreeing to the Amendment | Agreed to278–147 | Mar 10, 2011 |
| House 168 | On Agreeing to the Amendment | Failed184–243 | Mar 10, 2011 |
Cosponsors 2
Members who signed on, in the order they did. All signed on Feb 28, 2011.
| Seat | Cosponsor | Signed on | |
|---|---|---|---|
| R-IL | Judy Biggert | Original | Feb 28, 2011 |
| R-AL | Spencer Bachus | Original | Feb 28, 2011 |
Actions 42
Everything that happened, newest first.
- Mar 14, 2011Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
- Mar 10, 2011Considered under the provisions of rule H. Res. 150. (consideration: CR H1678-1704; text of Section 1 as reported in House: CR H1686; text of Section 2 as reported in House: CR H1690; text of Section 3 as reported in House: CR H1690)
- Mar 10, 2011DEBATE - Pursuant to the provisions of H. Res. 150, the Committee of the Whole proceeded with debate on pro forma amendments under the five-minute rule.
- Mar 10, 2011DEBATE - Pursuant to the provisions of H. Res. 150, the Committee of the Whole proceeded with debate on the Garamendi amendment number 7 under the five-minute rule, pending reservation of a point of order.
- Mar 10, 2011DEBATE - Pursuant to the provisions of H. Res. 150, the Committee of the Whole proceeded with debate on the Holt amendment number 8 under the five-minute rule, pending reservation of a point of order.
Related bills 2
Companion bills and other measures the record links to this one.
| Bill | Title | Relationship | Latest action |
|---|---|---|---|
| HRES 150 | Providing for consideration of the bill (H.R. 830) to rescind the unobligated funding for the FHA Refinance Program and to terminate the program. | Procedurally related | Mar 9, 2011 |
| HR 1315 | To amend the Dodd-Frank Wall Street Reform and Consumer Protection Act to strengthen the review authority of the Financial Stability Oversight Council of regulations issued by the Bureau of Consumer Financial Protection, to rescind the unoblig | Related bill | Jul 22, 2011 |
Subjects
Assigned by the Library of Congress. Policy area: Housing and Community Development.
Text 4
Each version as it was printed, newest first.
- Mar 14, 2011Referred in Senate
- Mar 10, 2011Engrossed in House
- Mar 7, 2011Reported in House
- Feb 28, 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.