H.R. 1285 · 111th Congress
Commission on the Foreclosure and Mortgage Lending Crisis Act
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Never voted on. It didn't reach a floor vote before the 111th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.
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TurnerSponsor22 cosponsors · 7 D, 15 R
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Biggert
SC
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Capito
JC
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Cao
SL
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LaTourette
IR
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Ros-Lehtinen
JS
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Schmidt
LD
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Diaz-Balart
CM
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Miller
WM
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Minnick
ZL
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Lofgren
BS
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Sutton
MC
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Castle
CF
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Fattah
JC
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Conyers
AH
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Hastings
LL
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Lance
TM
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Murphy
MD
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Diaz-Balart
VE
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Ehlers
DP
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Payne
JS
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Shimkus
AS
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Schock6 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.
Commission on the Foreclosure and Mortgage Lending Crisis Act - Establishes in the legislative branch the Commission on the Foreclosure and Mortgage Lending Crisis to: (1) study and report to Congress on the current legal and regulatory framework governing the housing mortgage lending markets and how it contributed to the increased foreclosure rate; (2)…
What it does: CRS summary · Introduced in House · Mar 3, 2009
Commission on the Foreclosure and Mortgage Lending Crisis Act - Establishes in the legislative branch the Commission on the Foreclosure and Mortgage Lending Crisis to: (1) study and report to Congress on the current legal and regulatory framework governing the housing mortgage lending markets and how it contributed to the increased foreclosure rate; (2) recommend changes to the current framework to prohibit lending practices that have contributed to the mortgage lending crisis; (3) review the impact of subprime abuses and predatory lending practices; (4) assess the role of states in enacting policies to reduce predatory lending practices and abuses in the subprime markets; (5) assess the impact of mortgage-backed securities and the Federal National Mortgage Corporation (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) upon the mortgage lending crisis; and (6) assess the impact of the Community Reinvestment Act of 1977 on the crisis.
Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov
About this bill and sources
Official title: Commission on the Foreclosure and Mortgage Lending Crisis Act
Latest action (Mar 3, 2009): Referred to the House Committee on Financial Services.
Policy area: Housing and Community Development · Origin: House · Introduced: Mar 3, 2009
Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)
No recorded floor vote found.