H.R. 554: Superstorm Sandy Mortgage Relief Act of 2013

Introduced:
Feb 06, 2013 (113th Congress, 2013–2015)
Sponsor:
Rep. Hakeem Jeffries [D-NY8]
Status:
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 assigned to a congressional committee on February 6, 2013, which will consider it before possibly sending it on to the House or Senate as a whole.

Progress
Introduced Feb 06, 2013
Referred to Committee Feb 06, 2013
Reported by Committee ...
Passed House ...
Passed Senate ...
Signed by the President ...
Prognosis

4% chance of getting past committee.
1% chance of being enacted.

Only 11% of House bills made it past committee and only 3% were enacted in 2011–2013. [show factors | methodology]

Cosponsors
none
Committees

House Financial Services

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

Full Title

To provide relief to homeowners affected by Superstorm Sandy who have mortgages insured by the FHA, or owned or guaranteed by Fannie Mae or Freddie Mac, and for other purposes.

Summary

No summaries available.

Text

Read Bill Text »

Last updated Feb 06, 2013.
8 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.

2/6/2013--Introduced.
Superstorm Sandy Mortgage Relief Act of 2013 - Directs the Secretary of Housing and Urban Development (HUD) and the Director of the Federal Housing Agency to carry out a program to notify mortgagors under covered mortgages of the availability of forbearance and to offer and provide such relief upon an eligible homeowner's request.
Defines "covered mortgage" as one that:
(1) is secured by a one- to four-family dwelling that is the mortgagor's principal residence and is located within a major disaster area resulting from Hurricane Sandy; and
(2) is insured under the National Housing Act or owned or guaranteed by the Federal National Mortgage Association (Fannie Mae) or the Federal Home Loan Mortgage Corporation (Freddie Mac).

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.

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.)