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.

Introduced:
Feb 06, 2008 (110th Congress, 2007–2009)
Status:
Died (Referred to Committee)
Sponsor
Jon Porter Sr.
Representative for Nevada's 3rd congressional district
Party
Republican
Text
Read Text »
Last Updated
Feb 06, 2008
Length
6 pages
Related Bills
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

 
Status

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

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

No summaries available.

Cosponsors
1 cosponsors (1D) (show)
Committees

House Ways and Means

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

 
Primary Source

THOMAS.gov (The Library of Congress)

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Notes

H.R. stands for House of Representatives bill.

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.

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.


2/6/2008--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 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

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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