H.R. 836 (112th): Emergency Mortgage Relief Program Termination Act

Introduced:
Feb 28, 2011 (112th Congress, 2011–2013)
Sponsor:
Rep. Jeb Hensarling [R-TX5]
Status:
Died (Passed House)

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 in a previous session of Congress and was passed by the House on March 11, 2011 but was never passed by the Senate.

Progress
Introduced Feb 28, 2011
Referred to Committee Feb 28, 2011
Reported by Committee Mar 03, 2011
Passed House Mar 11, 2011
Votes

On Agreeing to the Amendment: Amendment 3 to H R 836
Mar 11, 2011 11:55 a.m.
Failed 185/237

On Motion to Recommit with Instructions: H R 836 To rescind the unobligated funding for the Emergency Mortgage Relief Program and to terminate the program
Mar 11, 2011 12:27 p.m.
Failed 182/238

House Vote on Passage
Mar 11, 2011 12:33 p.m.
Passed 242/177

Cosponsors
2 cosponsors (2R) (show)
Committees

House Financial Services

Senate Banking, Housing, and Urban Affairs

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

Full Title

To rescind the unobligated funding for the Emergency Mortgage Relief Program and to terminate the program.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Mar 14, 2011.
5 pages

Primary Source

View on THOMAS (The Library of Congress)

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Citation

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GovTrack’s Bill Summary

We don’t have a summary available yet.

Library of Congress Summary

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

3/11/2011--Passed House amended.
Emergency Mortgage Relief Program Termination Act - Rescinds and permanently cancels all unobligated funding remaining available under the Dodd-Frank Wall Street Reform and Consumer Protection Act for the Emergency Mortgage Relief Program. Terminates the program.
Requires all such unobligated balances so rescinded and permanently canceled to be retained in the general fund of the Treasury for reducing the debt of the federal government.
Directs the Secretary of Housing and Urban Development (HUD) to study:
(1) the extent to which the Emergency Mortgage Relief Program is used by homeowners who are active duty members of the Armed Forces (or their spouses or parents), veterans, or Gold Star-eligible widows, parents, or next of kin of Armed Forces members who died in military operations or members or veterans with service-connected injuries (and their survivors and dependents); and
(2) the impact of the program on such homeowners.

House Republican Conference Summary

The summary below was written by the House Republican Conference, which is the caucus of Republicans in the House of Representatives.

This summary can be found at http://www.gop.gov/bill/112/1/hr836.

Background

The Dodd-Frank Act established a $1 billion HUD Emergency Homeowner Relief Program, which provides loans or credit advances to unemployed borrowers who cannot pay their mortgages because of unemployment or reduction in income.  Payments under the program may be provided for 12 months, with a possible 12-month extension.  The Obama administration, in its FY 2012 budget proposal, estimates the program to have a 98 percent subsidy rate.  This means for every $1 spent on this federal program, the taxpayers will lose 98 cents.  The program was initially authorized in 1975 and was never funded during its 35 year history.

Summary

The legislation would rescind and permanently cancel all unobligated balances made available under section 1496(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

This legislation would repeal Title I of the Emergency Housing Act of 1975, as amended by section 1496(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  The legislation would direct that any amounts made available and expended prior to the date of enactment of this Act to continue to be governed by any laws, regulations, orders, or notices as already in effect.

The legislation would direct the Secretary of Housing and Urban Development to terminate the Emergency Mortgage Relief Program.  The legislation would also direct the HUD Secretary to conduct a study to determine the extent of use of the Emergency Homeowner Relief Program by members of the Armed Forces, Veterans, and Gold Star recipients.

Cost

The Congressional Budget Deficit estimates that this legislation would reduce federal budget deficits by $840 million over the FY2011-2021 period.

House Democratic Caucus Summary

The House Democratic Caucus does not provide summaries of bills.

So, yes, we display the House Republican Conference’s summaries when available even if we do not have a Democratic summary available. That’s because we feel it is better to give you as much information as possible, even if we cannot provide every viewpoint.

We’ll be looking for a source of summaries from the other side in the meanwhile.

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

Slip Laws

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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.)

Statutes at Large

The United States Statutes at Large is the compilation of all laws enacted by Congress.

  • 124 Stat. 2207