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 06, 2008 (110th Congress, 2007–2009)
Died (Referred to Committee)
Jon Porter Sr.
Representative for Nevada's 3rd congressional district
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Last Updated
Feb 06, 2008
6 pages
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S. 2517 (Related)
A bill to amend the Internal Revenue Code of 1986 to provide that the ...

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Last Action: Dec 18, 2007


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

Introduced Feb 06, 2008
Referred to Committee Feb 06, 2008

No summaries available.

1 cosponsors (1D) (show)

House Ways and Means

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Primary Source

THOMAS.gov (The Library of Congress)

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Library of Congress Summary

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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 2008 limitations on issuance amounts for qualified mortgage bonds; and (3) exempt tax-exempt interest on qualified mortgage or veterans' mortgage bonds issued before 2011 from the alternative minimum tax.

House Republican Conference Summary

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