S. 2338 - FHA Modernization Act of 2007

Housing. 110th Congress (2007-2008) View bill details
Sponsor:
Summary:
An original bill to modernize and update the National Housing Act and enable the Federal Housing Administration to more effectively reach underserved borrowers, and for other purposes. (by CRS) 
Status:
The bill was voted on in the Senate on December 14, 2007 
Amendments:
2 proposed amendments. 1 accepted. 1 rejected. View amendments 
Senate Vote: On Passage

PASSED on December 14, 2007.

1/2 required to pass

voted YES: 93 voted NO: 1
6 voted present/not voting

Other Votes:

FHA Modernization Act of 2007

S. 2338 — 110th Congress (2007–2008)

Summary
An original bill to modernize and update the National Housing Act and enable the Federal Housing Administration to more effectively reach underserved borrowers, and for other purposes. (by CRS)
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At OpenCongress
Title
An original bill to modernize and update the National Housing Act and enable the Federal Housing Administration to more effectively reach underserved borrowers, and for other purposes.
Other Titles
  • FHA Modernization Act of 2007
  • Building American Homeownership Act of 2007
  • FHA Manufactured Housing Loan Modernization Act of 2007
  • FHA Modernization Act of 2007
  • Building American Homeownership Act of 2007
  • FHA Manufactured Housing Loan Modernization Act of 2007
  • FHA Modernization Act of 2007
  • Building American Homeownership Act of 2007
  • FHA Manufactured Housing Loan Modernization Act of 2007
Sponsor
Christopher Dodd
Co-Sponsors
    Subjects
    • Housing
    • Aged
    • Budgets
    • Condominium (Housing)
    • Congress
    • Congressional investigations
    • Consumer credit
    • Consumers
    • Cooperative housing
    • Counseling
    • Department of Housing and Urban Development
    • Energy
    • Energy efficiency
    • Executive departments
    • Federal aid to housing
    • Fees
    • Finance
    • Foreclosure
    • Fraud
    • Government trust funds
    • Hawaii
    • Home equity conversion
    • Home ownership
    • Homestead law
    • Housing for the aged
    • Indian housing
    • Insurance premiums
    • Minorities
    • Mobile homes
    • Mortgage guaranty insurance
    • Mortgages
    • Performance measurement
    • Residential rehabilitation
    • Secondary mortgage market
    • Single family housing
    • Social services
    Related Bills
    Major Actions
    Introduced9/19/2007
    Referred to Committee
    Amendments (2 proposed)
    Passed Senate12/14/2007
    Bill History
    Chamber/CommitteeMotionDateResult
    select this voteSenateAmendment SA 3853 agreed to in Senate by Unanimous Consent.12/14/2007PASSED by voice vote
    select this voteSenateAmendment SA 3854 not agreed to in Senate by Voice Vote.12/14/2007DID NOT PASS by voice vote
    currently selectedSenateOn Passage - Senate - S. 2338 as Amended12/14/2007This bill PASSED the Senate
    93 voted YES 1 voted NO 6 voted present/not voting
    ActionDateDescription
    Introduced11/13/2007
    Put on a legislative calendar9/19/2007Committee on Banking, Housing, and Urban Affairs ordered to be reported an original measure.
    11/13/2007Sponsor introductory remarks on measure. (CR S14290-14291)
    11/13/2007Committee on Banking, Housing, and Urban Affairs. Original measure reported to Senate by Senator Reid for Senator Dodd. With written report No. 110-227. Additional views filed.
    Put on a legislative calendar11/13/2007Placed on Senate Legislative Calendar under General Orders. Calendar No. 481.
    12/14/2007Measure laid before Senate by unanimous consent.
    12/14/2007Message on Senate action sent to the House.
    12/14/2007Amendment SA 3853 proposed by Senator Schumer for Senator Dodd.
    select this voteVote12/14/2007Amendment SA 3853 agreed to in Senate by Unanimous Consent.
    12/14/2007Amendment SA 3854 proposed by Senator Coburn.
    select this voteVote12/14/2007Amendment SA 3854 not agreed to in Senate by Voice Vote.
    currently selectedSenate Vote on Passage12/14/2007On Passage - Senate - S. 2338 as Amended
    12/17/2007Received in the House.
    12/17/2007Held at the desk.
    NumberSponsorDate OfferedStatus
    select this voteS. Amdt. 3853Dodd, Christopher [D-CT]December 14, 2007Passed by voice vote on December 13, 2007.

    To require a 12-month moratorium on the implementation of risk-based premiums for FHA insured mortgages.

    Show amendment details

    select this voteS. Amdt. 3854Coburn, Thomas [R-OK]December 14, 2007Failed by voice vote on December 13, 2007.

    To ensure the cap on Home Equity Conversion Mortgages is not permanently eliminated before a study regarding program costs and credits is submitted to Congress.

    Show amendment details

    Average contributions given to Senators from interest groups that…

    supported this bill

    Real estate agents [About]
    Builders associations [About]
    Average given to Senators who voted:
    64% less
    $60,124
    $3,488
    YES$63,612
    $165,422
    $10,000
    NO$175,422
    2 Organizations Supported and 0 Opposed; See Which Ones

    Organizations that took a position on
    FHA Modernization Act of 2007: On Passage - Senate - S. 2338 as Amended

    2 organizations supported this bill

    National Association of Home Builders
    (n.d.). Senate FHA Bill Would Help Ease Subprime Crisis. Retrieved n.d., from .
    National Association of REALTORS
    (n.d.). FHA Legislation Will Help Homeowners, Economy, Says NAR. Retrieved n.d., from .

    0 organizations opposed this bill

    Need proof?

    View citations of support and opposition

    Includes reported contributions to congressional campaigns of Senators in office on day of vote, from interest groups invested in the vote according to MapLight, January 1, 2003 – December 31, 2008.
    Contributions data source: OpenSecrets.org

    Contributions by Legislator

    Namesort iconPartyState$ From Interest Groups
    That Supported
    $ From Interest Groups
    That Opposed
    Vote
    Daniel K. AkakaDHI$18,100$0Yes
    Andrew Lamar AlexanderRTN$81,950$0Yes
    Alan Wayne AllardRCO$2,000$0Yes
    John BarrassoRWY$12,250$0Yes
    Max BaucusDMT$41,703$0Yes
    Birch "Evan" BayhDIN$53,741$0Yes
    Bob BennettRUT$16,500$0Yes
    Joe BidenDDE$77,225$0Not Voting
    Jesse "Jeff" BingamanDNM$27,649$0Yes
    Christopher "Kit" BondRMO$54,900$0Yes
    Barbara BoxerDCA$94,225$0Not Voting
    Sherrod BrownDOH$48,250$0Yes
    Sam BrownbackRKS$34,700$0Yes
    Jim BunningRKY$30,300$0Yes
    Richard BurrRNC$98,000$0Yes
    Robert ByrdDWV$19,300$0Yes
    Maria CantwellDWA$49,750$0Yes
    Ben CardinDMD$152,131$0Yes
    Tom CarperDDE$32,150$0Yes
    Bob CaseyDPA$113,226$0Yes
    Clarence Saxby ChamblissRGA$100,275$0Yes
    Hillary ClintonDNY$543,897$0Not Voting
    Tom CoburnROK$19,650$0Yes
    William Thad CochranRMS$23,050$0Yes
    Norm ColemanRMN$122,250$0Yes
    Susan CollinsRME$51,100$0Yes
    Gaylord Kent ConradDND$22,500$0Yes
    Bob CorkerRTN$184,785$0Yes
    John CornynRTX$131,950$0Yes
    Larry CraigRID$9,000$0Yes
    Mike CrapoRID$18,000$0Yes
    Jim DeMintRSC$148,072$0Yes
    Chris DoddDCT$73,150$0Not Voting
    Mary Elizabeth DoleRNC$81,621$0Yes
    Pete DomeniciRNM$32,062$0Yes
    Byron DorganDND$18,933$0Yes
    Dick DurbinDIL$126,075$0Yes
    John EnsignRNV$74,450$0Yes
    Mike EnziRWY$13,250$0Yes
    Russ FeingoldDWI$42,623$0Yes
    Dianne FeinsteinDCA$56,730$0Yes
    Lindsey GrahamRSC$105,675$0Yes
    Chuck GrassleyRIA$39,450$0Yes
    Judd GreggRNH$27,200$0Yes
    Chuck HagelRNE$7,750$0Yes
    Tom HarkinDIA$37,500$0Yes
    Orrin HatchRUT$29,100$0Yes
    Kay Bailey HutchisonRTX$85,700$0Yes
    Jim InhofeROK$38,750$0Yes
    Dan InouyeDHI$29,150$0Yes
    Johnny IsaksonRGA$351,180$0Yes
    Tim JohnsonDSD$21,750$0Yes
    Ted KennedyDMA$47,800$0Yes
    John KerryDMA$32,648$0Yes
    Amy KlobucharDMN$71,216$0Yes
    Herb KohlDWI$0$0Yes
    Jon KylRAZ$175,422$0No
    Mary LandrieuDLA$71,683$0Yes
    Frank LautenbergDNJ$111,273$0Yes
    Patrick LeahyDVT$7,250$0Yes
    Carl LevinDMI$50,625$0Yes
    Joe LiebermanICT$165,000$0Yes
    Blanche LincolnDAR$21,300$0Yes
    Chester Trent LottRMS$30,000$0Yes
    Dick LugarRIN$56,050$0Yes
    Mel MartinezRFL$185,900$0Yes
    John McCainRAZ$24,500$0Not Voting
    Claire McCaskillDMO$68,516$0Yes
    Addison "Mitch" McConnellRKY$145,050$0Yes
    Bob MenéndezDNJ$278,080$0Yes
    Barbara MikulskiDMD$36,200$0Yes
    Lisa MurkowskiRAK$35,851$0Yes
    Patty MurrayDWA$32,450$0Yes
    Earl "Ben" NelsonDNE$35,250$0Yes
    Clarence "Bill" NelsonDFL$155,440$0Yes
    Barack ObamaDIL$122,075$0Not Voting
    Mark PryorDAR$41,850$0Yes
    John "Jack" ReedDRI$26,800$0Yes
    Harry ReidDNV$76,750$0Yes
    Charles "Pat" RobertsRKS$30,350$0Yes
    John "Jay" RockefellerDWV$36,050$0Yes
    Ken SalazarDCO$46,910$0Yes
    Bernie SandersIVT$24,050$0Yes
    Chuck SchumerDNY$138,040$0Yes
    Jeff SessionsRAL$65,550$0Yes
    Richard ShelbyRAL$133,400$0Yes
    Gordon SmithROR$68,085$0Yes
    Olympia SnoweRME$24,350$0Yes
    Arlen SpecterDPA$129,889$0Yes
    Debbie StabenowDMI$41,725$0Yes
    Ted StevensRAK$33,950$0Yes
    John SununuRNH$42,530$0Yes
    Jon TesterDMT$12,650$0Yes
    John ThuneRSD$98,180$0Yes
    David VitterRLA$83,880$0Yes
    George VoinovichROH$89,600$0Yes
    John WarnerRVA$500$0Yes
    Jim WebbDVA$38,062$0Yes
    Sheldon WhitehouseDRI$25,480$0Yes
    Ron WydenDOR$33,550$0Yes

    Add Data Filters:

    Legislator Filters
    Legislator Filters
    Show All
    NamePartyState$ From Interest Groups
    That Supported
    $ From Interest Groups
    That Opposed
    Vote
    Daniel K. AkakaDHI$18,100$0Yes
    Andrew Lamar AlexanderRTN$81,950$0Yes
    Alan Wayne AllardRCO$2,000$0Yes
    John BarrassoRWY$12,250$0Yes
    Max BaucusDMT$41,703$0Yes
    Birch "Evan" BayhDIN$53,741$0Yes
    Bob BennettRUT$16,500$0Yes
    Joe BidenDDE$77,225$0Not Voting
    Jesse "Jeff" BingamanDNM$27,649$0Yes
    Christopher "Kit" BondRMO$54,900$0Yes
    Barbara BoxerDCA$94,225$0Not Voting
    Sherrod BrownDOH$48,250$0Yes
    Sam BrownbackRKS$34,700$0Yes
    Jim BunningRKY$30,300$0Yes
    Richard BurrRNC$98,000$0Yes
    Robert ByrdDWV$19,300$0Yes
    Maria CantwellDWA$49,750$0Yes
    Ben CardinDMD$152,131$0Yes
    Tom CarperDDE$32,150$0Yes
    Bob CaseyDPA$113,226$0Yes
    Clarence Saxby ChamblissRGA$100,275$0Yes
    Hillary ClintonDNY$543,897$0Not Voting
    Tom CoburnROK$19,650$0Yes
    William Thad CochranRMS$23,050$0Yes
    Norm ColemanRMN$122,250$0Yes
    Susan CollinsRME$51,100$0Yes
    Gaylord Kent ConradDND$22,500$0Yes
    Bob CorkerRTN$184,785$0Yes
    John CornynRTX$131,950$0Yes
    Larry CraigRID$9,000$0Yes
    Mike CrapoRID$18,000$0Yes
    Jim DeMintRSC$148,072$0Yes
    Chris DoddDCT$73,150$0Not Voting
    Mary Elizabeth DoleRNC$81,621$0Yes
    Pete DomeniciRNM$32,062$0Yes
    Byron DorganDND$18,933$0Yes
    Dick DurbinDIL$126,075$0Yes
    John EnsignRNV$74,450$0Yes
    Mike EnziRWY$13,250$0Yes
    Russ FeingoldDWI$42,623$0Yes
    Dianne FeinsteinDCA$56,730$0Yes
    Lindsey GrahamRSC$105,675$0Yes
    Chuck GrassleyRIA$39,450$0Yes
    Judd GreggRNH$27,200$0Yes
    Chuck HagelRNE$7,750$0Yes
    Tom HarkinDIA$37,500$0Yes
    Orrin HatchRUT$29,100$0Yes
    Kay Bailey HutchisonRTX$85,700$0Yes
    Jim InhofeROK$38,750$0Yes
    Dan InouyeDHI$29,150$0Yes
    Johnny IsaksonRGA$351,180$0Yes
    Tim JohnsonDSD$21,750$0Yes
    Ted KennedyDMA$47,800$0Yes
    John KerryDMA$32,648$0Yes
    Amy KlobucharDMN$71,216$0Yes
    Herb KohlDWI$0$0Yes
    Jon KylRAZ$175,422$0No
    Mary LandrieuDLA$71,683$0Yes
    Frank LautenbergDNJ$111,273$0Yes
    Patrick LeahyDVT$7,250$0Yes
    Carl LevinDMI$50,625$0Yes
    Joe LiebermanICT$165,000$0Yes
    Blanche LincolnDAR$21,300$0Yes
    Chester Trent LottRMS$30,000$0Yes
    Dick LugarRIN$56,050$0Yes
    Mel MartinezRFL$185,900$0Yes
    John McCainRAZ$24,500$0Not Voting
    Claire McCaskillDMO$68,516$0Yes
    Addison "Mitch" McConnellRKY$145,050$0Yes
    Bob MenéndezDNJ$278,080$0Yes
    Barbara MikulskiDMD$36,200$0Yes
    Lisa MurkowskiRAK$35,851$0Yes
    Patty MurrayDWA$32,450$0Yes
    Earl "Ben" NelsonDNE$35,250$0Yes
    Clarence "Bill" NelsonDFL$155,440$0Yes
    Barack ObamaDIL$122,075$0Not Voting
    Mark PryorDAR$41,850$0Yes
    John "Jack" ReedDRI$26,800$0Yes
    Harry ReidDNV$76,750$0Yes
    Charles "Pat" RobertsRKS$30,350$0Yes
    John "Jay" RockefellerDWV$36,050$0Yes
    Ken SalazarDCO$46,910$0Yes
    Bernie SandersIVT$24,050$0Yes
    Chuck SchumerDNY$138,040$0Yes
    Jeff SessionsRAL$65,550$0Yes
    Richard ShelbyRAL$133,400$0Yes
    Gordon SmithROR$68,085$0Yes
    Olympia SnoweRME$24,350$0Yes
    Arlen SpecterDPA$129,889$0Yes
    Debbie StabenowDMI$41,725$0Yes
    Ted StevensRAK$33,950$0Yes
    John SununuRNH$42,530$0Yes
    Jon TesterDMT$12,650$0Yes
    John ThuneRSD$98,180$0Yes
    David VitterRLA$83,880$0Yes
    George VoinovichROH$89,600$0Yes
    John WarnerRVA$500$0Yes
    Jim WebbDVA$38,062$0Yes
    Sheldon WhitehouseDRI$25,480$0Yes
    Ron WydenDOR$33,550$0Yes

    Interest Groups that supported this bill

    $ Donated
    Real estate agents$6,690,063
    Builders associations$336,375

    Interest Groups that opposed this bill

    $ Donated
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