H.R. 7113 (110th): Preserve Our Neighborhoods Act of 2008

Introduced:
Sep 26, 2008 (110th Congress, 2007–2009)
Sponsor:
Rep. Michael Turner [R-OH3]
Status:
Died (Referred to Committee)

The bill’s title was written by the bill’s sponsor. H.R. stands for House of Representatives bill.

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Status

This bill was introduced on September 26, 2008, in a previous session of Congress, but was not enacted.

Progress
Introduced Sep 26, 2008
Cosponsors
6 cosponsors (4D, 2R) (show)
Committees

House Financial Services

The committee chair determines whether a bill will move past the committee stage.

Full Title

To preserve neighborhoods by permitting units of local government to purchase from the Secretary of the Treasury certain mortgages secured by vacant and deteriorating real property held by persons who are not less than 120 days in default in repaying the mortgage debts.

Summary

No summaries available.

Text

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Last updated Sep 26, 2008.
4 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

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Library of Congress Summary

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress.

9/26/2008--Introduced.
Preserve Our Neighborhoods Act of 2008 - Cites conditions under which a local government may purchase from the Secretary of the Treasury at the price of $1 per mortgage a group of at least 25 available mortgages, each of which is secured by real property. Requires the Secretary to make available to the public, at 90-day intervals, a list of all parcels of real estate, identified by specific address, that are available for purchase. Authorizes the Secretary to sell such mortgages. Applies the National Historic Preservation Act with respect to the rights in property acquired by local governments as a result of the foreclosure of mortgages purchased under this Act.

House Republican Conference Summary

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No summary available.

House Democratic Caucus Summary

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The bill contains the following citations to other parts of U.S. law:

United States Code

The United States Code is the compilation of permanent laws enacted by Congress. Temporary and other non-permanent laws do not appear in the United States Code. (About half of the United States Code is the law itself, called positive law. The other half is merely a compilation of the laws but has no legal significance.)