HR 4255 · 113th Congress 2013–2015, ended

Stop Foreclosures Due to Congressional Dysfunction Act of 2014

Introduced Mar 14, 2014 Originated House Sponsor Matt Cartwright D-PA

Fact sheet

Latest action · Mar 14, 2014 Referred to the House Committee on Financial Services.

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. IntroducedMar 14, 2014
  2. Passed HouseNot reached
  3. Passed SenateNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Stop Foreclosures Due to Congressional Dysfunction Act of 2014 - Requires the Director of the Federal Housing Finance Agency (FHFA) to prohibit mortgagees of certain eligible mortgages from initiating a foreclosure during a specified six-month moratorium with respect to any of those mortgages owned, held, securitized, or guaranteed by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac). Tolls the term of such mortgages during the moratorium, and requires deferral of any principal and interest payments due.

Qualifies for this mortatorium only Fannie Mae or Freddie Mac mortgages on a 1- to 4-family residence that is the principal residence of a mortgagor who: (1) was current on principal, interest, tax, and insurance payments at the start of the moratorium; (2) has received unemployment compensation during a certain period but exhausted all rights to it; and (3) as of the beginning of the moratorium has a ratio of debt to income on the mortgage greater than 40%.

Cosponsors 66

Members who signed on, in the order they did. Signatures ran from Mar 14, 2014 to Jul 11, 2014, with 54 there on the day it was introduced.

SeatCosponsorSigned on
D-FLAlcee L. HastingsOriginalMar 14, 2014
D-INAndré CarsonOriginalMar 14, 2014
D-CAAnna G. EshooOriginalMar 14, 2014
D-CABarbara LeeOriginalMar 14, 2014
D-ILBobby L. RushOriginalMar 14, 2014
D-MDC. A. Dutch RuppersbergerOriginalMar 14, 2014
D-NHCarol Shea-PorterOriginalMar 14, 2014
D-PAChaka FattahOriginalMar 14, 2014
D-NYCharles B. RangelOriginalMar 14, 2014
D-MEChellie PingreeOriginalMar 14, 2014
D-MDChris Van HollenOriginalMar 14, 2014
D-FLCorrine BrownOriginalMar 14, 2014
D-TXEddie Bernice JohnsonOriginalMar 14, 2014
D-DCEleanor Holmes NortonOriginalMar 14, 2014
D-NJFrank Pallone, Jr.OriginalMar 14, 2014
Show all 66 cosponsors

Actions 2

Everything that happened, newest first.

  1. Mar 14, 2014Introduced in House
  2. Mar 14, 2014Referred to the House Committee on Financial Services.

Subjects

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

Text 1

Each version as it was printed, newest first.

  1. Mar 14, 2014Introduced 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.