S 469 · 113th Congress 2013–2015, ended

A bill to assist the Secretary of Housing and Urban Development in stabilizing the Home Equity Conversion Mortgage program.

Introduced Mar 6, 2013 Originated Senate Sponsor Robert Menendez D-NJ

Fact sheet

Latest action · Jun 18, 2013 Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 113-61.

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 6, 2013
  2. Passed SenateNot reached
  3. Passed HouseNot reached
  4. To the PresidentNot reached
  5. Became lawNot reached

Summary

Amends the National Housing Act to require that, to be eligible for insurance under the Home Equity Conversion Mortgage program for elderly homeowners, a mortgage contain terms and provisions with respect to property maintenance as well as for establishing escrow accounts, performing financial assessments, or limiting the amount of any payment made available under the mortgage.

Authorizes the Secretary of Housing and Urban Development (HUD) to establish any additional or alternative requirements necessary to more effectively carry out such Act.

Cosponsors 1

Members who signed on, in the order they did. All signed on Mar 11, 2013.

SeatCosponsorSigned on
D-NYKirsten E. GillibrandMar 11, 2013

Actions 3

Everything that happened, newest first.

  1. Jun 18, 2013Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 113-61.
  2. Mar 6, 2013Introduced in Senate
  3. Mar 6, 2013Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Related bills 2

Companion bills and other measures the record links to this one.

BillTitleRelationshipLatest action
HR 1256Swap Jurisdiction Certainty ActRelated billJun 13, 2013
S 1376FHA Solvency Act of 2013Related billDec 19, 2013

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 6, 2013Introduced in Senate

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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.