H.R. 3954 (99th): Economic Development National Mortgage Association Act

Dec 16, 1985 (99th Congress, 1985–1986)
Died (Referred to Committee)
Robert Edgar
Representative for Pennsylvania's 7th congressional district

This bill was introduced on December 16, 1985, in a previous session of Congress, but was not enacted.

Introduced Dec 16, 1985
Referred to Committee Dec 16, 1985
Full Title

A bill to establish a secondary market for industrial mortgages.


No summaries available.


House Financial Services

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

Primary Source

THOMAS.gov (The Library of Congress)

GovTrack gets most information from THOMAS, which is updated generally one day after events occur. Activity since the last update may not be reflected here. Data comes via the congress project.


Get a bill status widget for your website »


Click a format for a citation suggestion:


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

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.

Economic Development National Mortgage Association Act - Establishes the Economic Development National Mortgage Association which is authorized to purchase, make commitments to purchase, hold, deal with, and sell certain kinds of industrial mortgages from any qualified financial institution.
Directs the Association to:
(1) establish criteria for determining the eligibility of financial institutions to be certified to originate, sell, and service industrial mortgages; and
(2) receive applications for certification.
Permits the Association to issue and sell securities based upon such mortgages as it may set aside.

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

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.

Use the comment space below for discussion of the merits of H.R. 3954 (99th) with other GovTrack users.
Your comments are not read by Congressional staff.

comments powered by Disqus