April 8, 2008, 12:00 am ET - Amendment SA 4494 proposed by Senator Mikulski to Amendment SA 4478.
April 9, 2008, 12:00 am ET - Considered by Senate.
April 9, 2008, 12:00 am ET - Amendment SA 4494 as modified agreed to in Senate by Unanimous Consent.
Full Text of this Amendment
carbon emissions, creating green jobs, protecting consumers, increasing clean renewable energy production, and modernizing our energy infrastructure, and to amend the Internal Revenue Code of 1986 to provide tax incentives for the production of renewable energy and energy conservation; as follows:
In lieu of the matter proposed to be inserted, insert the following:
Notwithstanding any other provision of this Act, the amount appropriated under section 301(a) of this Act shall be $3,862,500,000 and the amount appropriated under section 401 of this Act shall be $237,500,00: Provided, That, of amounts appropriated under such section 401 $37,500,000 shall be used by the Neighborhood Reinvestment Corporation (referred to in this section as the ``NRC'') to (1) make grants to counseling intermediaries approved by the Department of Housing and Urban Development
or the NRC to hire attorneys trained and capable of assisting homeowners of owner-occupied homes with mortgages in default, in danger of default, or subject to or at risk of foreclosure who have legal issues that cannot be handled by counselors already employed by such intermediaries, and (2) support NRC partnerships with State and local legal organizations and organizations described in section 501(c)(3) of the Internal Revenue Code of 1986 and exempt from tax under section 501(a) of that Code with demonstrated relevant legal experience in home foreclosure law, as such experience is determined by the Chief Executive Officer of NRC: Provided further, That for the purpose of the prior proviso the term ``relevant experience'' means
experience representing homeowners in negotiations and or legal proceedings aimed at preventing or mitigating foreclosure or providing legal research and technical legal expertise to community based organizations whose goal is to reduce, prevent, or mitigate foreclosure: Provided further, That of the amounts provided for in the prior provisos the NRC shall give priority
consideration to counseling intermediaries and legal organizations that (1) provide legal assistance in the 100 metropolitan statistical areas (as defined by the Director of the Office of Management and Budget) with the highest home foreclosure rates, and (2) have the capacity to begin using the financial assistance within 90 days after receipt of the assistance.
(As printed in the Congressional Record for the Senate on Apr 8, 2008.)