HAMP Termination Act of 2011

Fact Sheet API

Bill Number

HR 839

Introduced

Feb 28, 2011

Latest Action

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Sponsor

Cosponsors

Topics

Government lending and loan guarantees Housing and Community Development Housing and community development funding Housing finance and home ownership

Full Text

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Votes

Summary

HAMP Termination Act of 2011 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to terminate the authority of the Secretary of the Treasury to provide new mortgage modification assistance under the Home Affordable Modification Program (HAMP), except with respect to existing obligations on behalf of homeowners already extended an offer to participate in the program.

Declares unavailable after the enactment of this Act for obligation or expenditure under HAMP any amounts made available for HAMP under EESA title I that: (1) have been allocated for use but not yet obligated, and (2) are not necessary for providing HAMP assistance on behalf of those homeowners already extended an offer to participate in HAMP. Urges that such amounts be covered into the General Fund of the Treasury for use only in reducing the budget deficit of the federal government.

Directs the Secretary to study: (1) the extent to which HAMP is used by homeowners who are active duty members of the Armed Forces (or their spouses or parents), veterans, or Gold Star-eligible widows, parents, or next of kin of Armed Forces members who died in military operations; and (2) the impact of the program on them.

Requires the Secretary to publish on the departmental website a statement as to: (1) termination of HAMP; 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. Requires the Secretary to give notice of this information to each individual who applied for HAMP and will not be considered for a mortgage modification because of the program's termination.

Declares that Congress encourages banks to work with homeowners to: (1) provide loan modifications to those that are eligible, and (2) assist them as well as prospective homeowners with foreclosure prevention programs and information on loan modifications.

Actions

Mar 30, 2011

Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Mar 29, 2011

DEBATE - Pursuant to the provisions of H.Res. 170, the Committee of the Whole proceeded with ten minutes of debate on the Waters amendment.
Mar 29, 2011

DEBATE - Pursuant to the provisions of H.Res. 170, the Committee of the Whole proceeded with ten minutes of debate on the Miller (NC) amendment.
Mar 29, 2011

DEBATE - Pursuant to the provisions of H.Res. 170, the Committee of the Whole proceeded with ten minutes of debate on the Canseco amendment.
Mar 29, 2011

DEBATE - Pursuant to the provisions of H.Res. 170, the Committee of the Whole proceeded with ten minutes of debate on the Ellison amendment.
Mar 29, 2011

POSTPONED PROCEEDINGS - At the conclusion of debate on the Hanna amendment, the Chair put the question on the amendment and by voice vote, announced the noes had prevailed. Ms. Biggert demanded a recorded vote and the Chair postponed further proceedings on the amendment until later in the legislative day.
Mar 29, 2011

DEBATE - Pursuant to the provisions of H.Res. 170, the Committee of the Whole proceeded with ten minutes of debate on the Hanna amendment.
Mar 29, 2011

GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 839.
Mar 29, 2011

Rule provides for consideration of H.R. 839 and H.R. 861 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measures will be considered read. Specified amendments are in order. With respect to each measure, the resolution provides that the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill shall be considered as an original bill for the purpose of amendment and shall be considered as read.
Mar 29, 2011

Considered under the provisions of rule H. Res. 170. (consideration: CR H1994-2017)
Mar 29, 2011

The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 839 as may be necessary to reflect the actions of the House in amending the bill, to include striking "paragraph (1)" on page 5, line 16, and inserting in lieu thereof "subparagraph (A)".
Mar 29, 2011

Motion to reconsider laid on the table Agreed to without objection.
Mar 29, 2011

On passage Passed by recorded vote: 252 - 170, 1 Present (Roll no. 198).
Mar 29, 2011

Passed/agreed to in House: On passage Passed by recorded vote: 252 - 170, 1 Present (Roll no. 198).
Mar 29, 2011

On motion to recommit with instructions Failed by the Yeas and Nays: 185 - 238, 1 Present (Roll no. 197).
Mar 29, 2011

The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H2021)
Mar 29, 2011

DEBATE - The House proceeded with 10 minutes of debate on the Larsen (WA) motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment which adds a new paragraph entitled "CONTINUATION OF PROGRAM FOR MEMBERS OF THE ARMED FORCES AND GOLD STAR RECIPIENTS".
Mar 29, 2011

Mr. Larsen (WA) moved to recommit with instructions to Financial Services. (consideration: CR H2020-2022; text: CR H2020)
Mar 29, 2011

The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union. (text: CR H2003)
Mar 29, 2011

The previous question was ordered pursuant to the rule. (consideration: CR H2020)
Mar 29, 2011

The House rose from the Committee of the Whole House on the state of the Union to report H.R. 839.
Mar 29, 2011

UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question of adoption of amendments which had been debated earlier and on which further proceedings had been postponed.
Mar 29, 2011

The Speaker designated the Honorable Ted Poe to act as Chairman of the Committee.
Mar 29, 2011

House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 170 and Rule XVIII.
Mar 29, 2011

Considered as unfinished business. (consideration: CR H2018-2022)
Mar 29, 2011

Committee of the Whole House on the state of the Union rises leaving H.R. 839 as unfinished business.
Mar 29, 2011

On motion that the committee rise Agreed to by voice vote.
Mar 29, 2011

Mrs. Biggert moved that the committee rise.
Mar 29, 2011

DEBATE - Pursuant to the provisions of H.Res. 170, the Committee of the Whole proceeded with ten minutes of debate on the Loretta Sanchez amendment.
Mar 29, 2011

POSTPONED PROCEEDINGS - At the conclusion of debate on the Maloney amendment, the Chair put the question on the amendment and by voice vote, announced the noes had prevailed. Mrs. Maloney demanded a recorded vote and the Chair postponed further proceedings on the amendment until later in the legislative day.
Mar 29, 2011

DEBATE - Pursuant to the provisions of H.Res. 170, the Committee of the Whole proceeded with ten minutes of debate on the Maloney amendment.
Mar 29, 2011

DEBATE - Pursuant to the provisions of H.Res. 170, the Committee of the Whole proceeded with ten minutes of debate on the Matsui amendment.
Mar 29, 2011

POSTPONED PROCEEDINGS - At the conclusion of debate on the Jackson Lee(TX) amendment, the Chair put the question on the amendment and by voice vote, announced the noes had prevailed. Ms. Jackson Lee(TX) demanded a recorded vote and the Chair postponed further proceedings on the amendment until later in the legislative day.
Mar 29, 2011

DEBATE - Pursuant to the provisions of H.Res. 170, the Committee of the Whole proceeded with ten minutes of debate on the Jackson Lee (TX) amendment.
Mar 15, 2011

Rules Committee Resolution H. Res. 170 Reported to House. Rule provides for consideration of H.R. 839 and H.R. 861 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. With respect to each measure, the resolution provides that the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill shall be considered as an original bill for the purpose of amendment and shall be considered as read.
Mar 14, 2011

Supplemental report filed by the Committee on Financial Services, H. Rept. 112-31, Part II.
Mar 11, 2011

Placed on the Union Calendar, Calendar No. 15.
Mar 11, 2011

Reported (Amended) by the Committee on Financial Services. H. Rept. 112-31.
Mar 9, 2011

Ordered to be Reported (Amended) by the Yeas and Nays: 32 - 23.
Mar 9, 2011

Committee Consideration and Mark-up Session Held.
Mar 2, 2011

Committee Hearings Held.
Feb 28, 2011

Referred to the House Committee on Financial Services.
Feb 28, 2011

Introduced in House

Amendments

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