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H.R. 6397 · 112th Congress

Defending American Taxpayers From Abusive Government Takings Act of 2012

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IntroducedPassed one chamberPassed both chambersBecame law (gold)Resolution agreed to (full, dark)Failed or vetoed (gray)

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Never voted on. It didn't reach a floor vote before the 112th Congress ended, so it expired. A bill has to be introduced again to be considered in a new Congress.

11 cosponsors · 11 R

0 signed on when it was introduced; the rest joined later. Cosponsors who withdrew aren't shown.

Defending American Taxpayers From Abusive Government Takings Act of 2012 - Amends the Federal National Mortgage Association Charter Act to prohibit the Federal National Mortgage Association (Fannie Mae) from purchasing any mortgage secured by a structure or dwelling unit located within a county that contains any structure or dwelling unit that secures or…

What it does: CRS summary · Introduced in House · Sep 13, 2012

Defending American Taxpayers From Abusive Government Takings Act of 2012 - Amends the Federal National Mortgage Association Charter Act to prohibit the Federal National Mortgage Association (Fannie Mae) from purchasing any mortgage secured by a structure or dwelling unit located within a county that contains any structure or dwelling unit that secures or secured a residential mortgage loan that the state or any territory, including any agency or political subdivision, obtained during the preceding 120 months by eminent domain.

Amends the Federal Home Loan Mortgage Corporation Act to prohibit the Federal Home Loan Mortgage Corporation (Freddie Mac) from doing the same.

Amends the National Housing Act to prohibit the Secretary of Housing and Urban Development (HUD) from newly insuring any mortgage secured by a structure or dwelling unit located in such a county.

Prohibits the Secretary from guaranteeing, making, or insuring a housing or small business loan for a residence located in such a county.

Written by the nonpartisan Congressional Research Service. All summary versions on Congress.gov

About this bill and sources

Official title: Defending American Taxpayers From Abusive Government Takings Act of 2012

Latest action (Oct 1, 2012): Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

Policy area: Housing and Community Development · Origin: House · Introduced: Sep 13, 2012

Official page on Congress.gov · Bill text (GovInfo) · Status record (XML)

No recorded floor vote found.