H.R. 5239 (110th): To amend the Internal Revenue Code of 1986 to provide that the proceeds of qualified mortgage bonds may be used to provide refinancing for subprime loans, to provide a temporary increase in the volume cap for qualified mortgage bonds used to provide that refinancing, and for other purposes.


Feb 6, 2008
110th Congress, 2007–2009

Died in a previous Congress

This bill was introduced on February 6, 2008, in a previous session of Congress, but was not enacted.


Jon Porter Sr.
Representative for Nevada's 3rd congressional district


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Last Updated: Feb 6, 2008
Length: 6 pages

About the bill

Summary (CRS)
2/6/2008--Introduced.Amends the Internal Revenue Code to: (1) allow proceeds of qualified mortgage bonds to be used to refinance certain residential subprime loans issued between 2002 and 2008; (2) increase in ...

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Related Bills

Legislative action may be ocurring on one of these bills in lieu of or in parallel to action on this bill.

S. 2574 (Related)
Mortgage Refinancing Initiative Act of 2008

Referred to Committee
Last Action: Jan 30, 2008

S. 2517 (Related)
A bill to amend the Internal Revenue Code of 1986 to provide that the ...

Referred to Committee
Last Action: Dec 18, 2007

What is a bill?

The “H.R.” in “H.R. 5239” means this is a House of Representatives bill in the United States Congress. A bill must be passed by both the House and Senate in identical form and then be signed by the President to become law.

The bill’s title was written by its sponsor.


Feb 6, 2008


1 cosponsors (1D) (show)
Committee Assignments

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There have been no votes related to this bill.

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