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S. 2346 - PROMISE Act

Housing.
Sponsor:
Summary:
A bill to temporarily increase the portfolio caps applicable to Freddie Mac and Fannie Mae, to provide the necessary financing to curb foreclosures by facilitating the refinancing of at-risk subprime borrowers into safe, affordable loans, and for other purposes. (by CRS) 
Status:
The bill has passed through committee and has been put on a legislative calendar. 
There have been no votes on this bill.

PROMISE Act

S. 2346 — 110th Congress (2007–2008)

Summary
A bill to temporarily increase the portfolio caps applicable to Freddie Mac and Fannie Mae, to provide the necessary financing to curb foreclosures by facilitating the refinancing of at-risk subprime borrowers into safe, affordable loans, and for other purposes. (by CRS)
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At OpenCongress
Title
A bill to temporarily increase the portfolio caps applicable to Freddie Mac and Fannie Mae, to provide the necessary financing to curb foreclosures by facilitating the refinancing of at-risk subprime borrowers into safe, affordable loans, and for other purposes.
Other Titles
  • PROMISE Act
  • Promoting Refinancing Opportunities for Mortgages Impacted by the Subprime Emergency Act of 2007
Sponsor
Charles Schumer
Co-Sponsors
    Subjects
    • Housing
    • Budgets
    • Consent decrees
    • Finance
    • Foreclosure
    • Law
    • Mortgages
    • Secondary mortgage market
    Related Bills
    Major Actions
    Introduced11/13/2007
    Bill History

    There have been no votes on this bill.

    ActionDateDescription
    Introduced11/13/2007
    11/13/2007Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
    Put on a legislative calendar11/14/2007Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 485.
    NumberSponsorDate OfferedStatus
    0 Organizations Supported and 0 Opposed
    0 Organizations Supported and 0 Opposed

    Organizations that took a position on
    PROMISE Act

    0 organizations supported this bill

    0 organizations opposed this bill

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    Includes reported contributions to congressional campaigns of Senators in office during the 110th U.S. Congress, from interest groups invested in the vote according to MapLight, January 1, 2003 – December 31, 2008.
    Contributions data source: OpenSecrets.org

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    		NamePartyState$ From Interest Groups
    That Supported    		$ From Interest Groups
    That Opposed
    		Daniel K. AkakaDHI$0$0
    		Andrew Lamar AlexanderRTN$0$0
    		Alan Wayne AllardRCO$0$0
    		John BarrassoRWY$0$0
    		Max BaucusDMT$0$0
    		Birch "Evan" BayhDIN$0$0
    		Bob BennettRUT$0$0
    		Joe BidenDDE$0$0
    		Jesse "Jeff" BingamanDNM$0$0
    		Christopher "Kit" BondRMO$0$0
    		Barbara BoxerDCA$0$0
    		Sherrod BrownDOH$0$0
    		Sam BrownbackRKS$0$0
    		Jim BunningRKY$0$0
    		Richard BurrRNC$0$0
    		Robert ByrdDWV$0$0
    		Maria CantwellDWA$0$0
    		Ben CardinDMD$0$0
    		Tom CarperDDE$0$0
    		Bob CaseyDPA$0$0
    		Clarence Saxby ChamblissRGA$0$0
    		Hillary ClintonDNY$0$0
    		Tom CoburnROK$0$0
    		William Thad CochranRMS$0$0
    		Norm ColemanRMN$0$0
    		Susan CollinsRME$0$0
    		Gaylord Kent ConradDND$0$0
    		Bob CorkerRTN$0$0
    		John CornynRTX$0$0
    		Larry CraigRID$0$0
    		Mike CrapoRID$0$0
    		Jim DeMintRSC$0$0
    		Chris DoddDCT$0$0
    		Mary Elizabeth DoleRNC$0$0
    		Pete DomeniciRNM$0$0
    		Byron DorganDND$0$0
    		Dick DurbinDIL$0$0
    		John EnsignRNV$0$0
    		Mike EnziRWY$0$0
    		Russ FeingoldDWI$0$0
    		Dianne FeinsteinDCA$0$0
    		Lindsey GrahamRSC$0$0
    		Chuck GrassleyRIA$0$0
    		Judd GreggRNH$0$0
    		Chuck HagelRNE$0$0
    		Tom HarkinDIA$0$0
    		Orrin HatchRUT$0$0
    		Kay Bailey HutchisonRTX$0$0
    		Jim InhofeROK$0$0
    		Dan InouyeDHI$0$0
    		Johnny IsaksonRGA$0$0
    		Tim JohnsonDSD$0$0
    		Ted KennedyDMA$0$0
    		John KerryDMA$0$0
    		Amy KlobucharDMN$0$0
    		Herb KohlDWI$0$0
    		Jon KylRAZ$0$0
    		Mary LandrieuDLA$0$0
    		Frank LautenbergDNJ$0$0
    		Patrick LeahyDVT$0$0
    		Carl LevinDMI$0$0
    		Joe LiebermanICT$0$0
    		Blanche LincolnDAR$0$0
    		Chester Trent LottRMS$0$0
    		Dick LugarRIN$0$0
    		Mel MartinezRFL$0$0
    		John McCainRAZ$0$0
    		Claire McCaskillDMO$0$0
    		Addison "Mitch" McConnellRKY$0$0
    		Bob MenéndezDNJ$0$0
    		Barbara MikulskiDMD$0$0
    		Lisa MurkowskiRAK$0$0
    		Patty MurrayDWA$0$0
    		Earl "Ben" NelsonDNE$0$0
    		Clarence "Bill" NelsonDFL$0$0
    		Barack ObamaDIL$0$0
    		Mark PryorDAR$0$0
    		John "Jack" ReedDRI$0$0
    		Harry ReidDNV$0$0
    		Charles "Pat" RobertsRKS$0$0
    		John "Jay" RockefellerDWV$0$0
    		Ken SalazarDCO$0$0
    		Bernie SandersIVT$0$0
    		Chuck SchumerDNY$0$0
    		Jeff SessionsRAL$0$0
    		Richard ShelbyRAL$0$0
    		Gordon SmithROR$0$0
    		Olympia SnoweRME$0$0
    		Arlen SpecterDPA$0$0
    		Debbie StabenowDMI$0$0
    		Ted StevensRAK$0$0
    		John SununuRNH$0$0
    		Jon TesterDMT$0$0
    		John ThuneRSD$0$0
    		David VitterRLA$0$0
    		George VoinovichROH$0$0
    		John WarnerRVA$0$0
    		Jim WebbDVA$0$0
    		Sheldon WhitehouseDRI$0$0
    		Ron WydenDOR$0$0

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