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S. 2346 - PROMISE Act

Housing. 110th Congress (2007-2008) View bill details
Sponsor:
Charles Schumer
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)
Learn More
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

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    PROMISE Act

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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.org, January 1, 2003 – December 31, 2008.
    Contributions data source: OpenSecrets.org

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    		Wicker, RogerRMS$0$0
    		Wyden, RonDOR$0$0

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