H.R. 3706: FHA Taxpayer Protection Act of 2009 (GovTrack.us)

The Senate next meets Nov 30, 2009; the House next meets Dec 1, 2009.

H.R. 3706:

FHA Taxpayer Protection Act of 2009

111^th Congress

This is a bill in the U.S. Congress originating in the House of Representatives ("H.R."). A bill must be passed by both the House and Senate and then be signed by the President before it becomes law.

Bill numbers restart from 1 every two years. Each two-year cycle is called a session of Congress. This bill was created in the 111^th Congress, in 2009-2010.

The titles of bills are written by the bill's sponsor and are a part of the legislation itself. GovTrack does not editorialize bill summaries.

2009-2010

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Primary Source

See H.R. 3706 on THOMAS for the official source of information on this bill or resolution.

To require borrowers under FHA-insured mortgages for single-family housing to make downpayments of at least 5 percent and to prohibit financing of closing costs under such mortgages.

Overview

Sponsor:

Rep. Scott Garrett [R-NJ5]show cosponsors (27)

Text:

Full Text

Status:

	Introduced	Oct 1, 2009
	Referred to Committee	View Committee Assignments
	Reported by Committee	...
	House Vote	...
	Senate Vote	...
	Signed by President	...

This bill is in the first step in the legislative process. Introduced bills and resolutions first go to committees that deliberate, investigate, and revise them before they go to general debate. The majority of bills and resolutions never make it out of committee. [Last Updated: Nov 20, 2009 6:39AM]

Last Action:

Oct 1, 2009: Referred to the House Committee on Financial Services.

Question & Answer

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Oct 24, 2009 6:51 AM - What is the logic of raising the down payment requirement while in a recession? - Answer it!

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|url=http://www.govtrack.us/congress/bill.xpd?bill=h111-3706
|title=H.R. 3706
|accessdate=Nov 22, 2009
|author=111th Congress (2009)
|date=Oct 1, 2009
|work=Legislation
|publisher=GovTrack.us
|quote=FHA Taxpayer Protection Act of 2009
}}

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