S. Amdt. 3854 - 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.

110th Congress (2007-2008) View amendment details
Sponsor:
This is an amendment to S. 2338 - FHA Modernization Act of 2007
Senate Vote: Amendment SA 3854 not agreed to in Senate by Voice Vote.

DID NOT PASS by voice vote on December 14, 2007.

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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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
    currently selectedSenateAmendment SA 3854 not agreed to in Senate by Voice Vote.12/14/2007DID NOT PASS by voice vote
    select this voteSenateOn 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.
    currently selectedVote12/14/2007Amendment SA 3854 not agreed to in Senate by Voice Vote.
    select this voteSenate 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

    currently selectedS. Amdt. 3854Coburn, Thomas [R-OK]December 14, 2007Failed by voice vote on December 14, 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.

    Actions

    December 14, 2007, 12:00 am ET - Amendment SA 3854 proposed by Senator Coburn.
    December 14, 2007, 12:00 am ET - Amendment SA 3854 not agreed to in Senate by Voice Vote.

    Full Text of this Amendment

    SA 3854. Mr. COBURN proposed an amendment to the bill S. 2338, to modernize and update the National Housing Act and enable the Federal Housing Administration to more effectively reach underserved borrowers, and for other purposes; as follows:

    On page 20, between lines 18 and 19, insert the following:
    (e) Effective Date.--The amendment made by subsection (a)(2)(A) shall not take effect until the study and report required under subsection (d) has been submitted to Congress.


    (As printed in the Congressional Record for the Senate on Dec 14, 2007.)

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    FHA Modernization Act of 2007: Amendment SA 3854 not agreed to in Senate by Voice Vote.

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    NamePartyState$ From Interest Groups
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    $ From Interest Groups
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    Vote
    Daniel K. AkakaDHI$0$0No
    Andrew Lamar AlexanderRTN$0$0No
    Alan Wayne AllardRCO$0$0No
    John BarrassoRWY$0$0No
    Max BaucusDMT$0$0No
    Birch "Evan" BayhDIN$0$0No
    Bob BennettRUT$0$0No
    Joe BidenDDE$0$0No
    Jesse "Jeff" BingamanDNM$0$0No
    Christopher "Kit" BondRMO$0$0No
    Barbara BoxerDCA$0$0No
    Sherrod BrownDOH$0$0No
    Sam BrownbackRKS$0$0No
    Jim BunningRKY$0$0No
    Richard BurrRNC$0$0No
    Robert ByrdDWV$0$0No
    Maria CantwellDWA$0$0No
    Ben CardinDMD$0$0No
    Tom CarperDDE$0$0No
    Bob CaseyDPA$0$0No
    Clarence Saxby ChamblissRGA$0$0No
    Hillary ClintonDNY$0$0No
    Tom CoburnROK$0$0No
    William Thad CochranRMS$0$0No
    Norm ColemanRMN$0$0No
    Susan CollinsRME$0$0No
    Gaylord Kent ConradDND$0$0No
    Bob CorkerRTN$0$0No
    John CornynRTX$0$0No
    Larry CraigRID$0$0No
    Mike CrapoRID$0$0No
    Jim DeMintRSC$0$0No
    Chris DoddDCT$0$0No
    Mary Elizabeth DoleRNC$0$0No
    Pete DomeniciRNM$0$0No
    Byron DorganDND$0$0No
    Dick DurbinDIL$0$0No
    John EnsignRNV$0$0No
    Mike EnziRWY$0$0No
    Russ FeingoldDWI$0$0No
    Dianne FeinsteinDCA$0$0No
    Lindsey GrahamRSC$0$0No
    Chuck GrassleyRIA$0$0No
    Judd GreggRNH$0$0No
    Chuck HagelRNE$0$0No
    Tom HarkinDIA$0$0No
    Orrin HatchRUT$0$0No
    Kay Bailey HutchisonRTX$0$0No
    Jim InhofeROK$0$0No
    Dan InouyeDHI$0$0No
    Johnny IsaksonRGA$0$0No
    Tim JohnsonDSD$0$0No
    Ted KennedyDMA$0$0No
    John KerryDMA$0$0No
    Amy KlobucharDMN$0$0No
    Herb KohlDWI$0$0No
    Jon KylRAZ$0$0No
    Mary LandrieuDLA$0$0No
    Frank LautenbergDNJ$0$0No
    Patrick LeahyDVT$0$0No
    Carl LevinDMI$0$0No
    Joe LiebermanICT$0$0No
    Blanche LincolnDAR$0$0No
    Chester Trent LottRMS$0$0No
    Dick LugarRIN$0$0No
    Mel MartinezRFL$0$0No
    John McCainRAZ$0$0No
    Claire McCaskillDMO$0$0No
    Addison "Mitch" McConnellRKY$0$0No
    Bob MenéndezDNJ$0$0No
    Barbara MikulskiDMD$0$0No
    Lisa MurkowskiRAK$0$0No
    Patty MurrayDWA$0$0No
    Earl "Ben" NelsonDNE$0$0No
    Clarence "Bill" NelsonDFL$0$0No
    Barack ObamaDIL$0$0No
    Mark PryorDAR$0$0No
    John "Jack" ReedDRI$0$0No
    Harry ReidDNV$0$0No
    Charles "Pat" RobertsRKS$0$0No
    John "Jay" RockefellerDWV$0$0No
    Ken SalazarDCO$0$0No
    Bernie SandersIVT$0$0No
    Chuck SchumerDNY$0$0No
    Jeff SessionsRAL$0$0No
    Richard ShelbyRAL$0$0No
    Gordon SmithROR$0$0No
    Olympia SnoweRME$0$0No
    Arlen SpecterDPA$0$0No
    Debbie StabenowDMI$0$0No
    Ted StevensRAK$0$0No
    John SununuRNH$0$0No
    Jon TesterDMT$0$0No
    John ThuneRSD$0$0No
    David VitterRLA$0$0No
    George VoinovichROH$0$0No
    John WarnerRVA$0$0No
    Jim WebbDVA$0$0No
    Sheldon WhitehouseDRI$0$0No
    Ron WydenDOR$0$0No

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