S. 2490 - Reverse Mortgage Proceeds Protection Act
Housing. 110th Congress (2007-2008) View bill details
- Sponsor:
- Claire McCaskill
- Summary:
- A bill to prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proceeds of a reverse mortgage, and to provide other consumer protections to reverse mortgage borrowers. (by CRS)
- Status:
- The bill has been introduced.
There have been no votes on this bill.
Reverse Mortgage Proceeds Protection Act
S. 2490 — 110th Congress (2007–2008)
- Summary
- A bill to prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proceeds of a reverse mortgage, and to provide other consumer protections to reverse mortgage borrowers. (by CRS)
- Learn More
- At OpenCongress
- Title
- A bill to prohibit authorized lenders of home equity conversion mortgages from requiring seniors to purchase an annuity with the proceeds of a reverse mortgage, and to provide other consumer protections to reverse mortgage borrowers.
- Other Titles
- Reverse Mortgage Proceeds Protection Act
- Sponsor
- Claire McCaskill
- Co-Sponsors
- Subjects
- Housing
- Administrative procedure
- Aged
- Annuities
- Business
- Consumer protection
- Consumers
- Counseling
- Department of Housing and Urban Development
- Executive departments
- Finance
- Financial services
- Health policy
- Home equity conversion
- Housing for the aged
- Insurance premiums
- Law
- Long-term care insurance
- Marketing
- Medical care
- Pensions
- Social services
- Related Bills
- Major Actions
Introduced 12/14/2007 Referred to Committee - Bill History
-
There have been no votes on this bill.
Action Date Description Introduced 12/14/2007 12/14/2007 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Number Sponsor Date Offered Status
Includes reported contributions to congressional campaigns of Senators in office during the 110th U.S. Congress, from Elderly issues/Social Security interest groups, January 1, 2003 – December 31, 2008.
Contributions data source: OpenSecrets.org
Contributions data source: OpenSecrets.org
Contributions by Legislator
Name | Party | State | $ From Interest Groups That Supported | $ From Interest Groups That Opposed |
|---|---|---|---|---|
| Daniel K. Akaka | D | HI | $1,000 | $0 |
| Andrew Lamar Alexander | R | TN | $0 | $0 |
| Alan Wayne Allard | R | CO | $0 | $0 |
| John Barrasso | R | WY | $0 | $0 |
| Max Baucus | D | MT | $6,500 | $0 |
| Birch "Evan" Bayh | D | IN | $0 | $0 |
| Bob Bennett | R | UT | $0 | $0 |
| Joe Biden | D | DE | $0 | $0 |
| Jesse "Jeff" Bingaman | D | NM | $4,000 | $0 |
| Christopher "Kit" Bond | R | MO | $0 | $0 |
| Barbara Boxer | D | CA | $4,000 | $0 |
| Sherrod Brown | D | OH | $13,000 | $0 |
| Sam Brownback | R | KS | $0 | $0 |
| Jim Bunning | R | KY | $0 | $0 |
| Richard Burr | R | NC | $0 | $0 |
| Robert Byrd | D | WV | $3,000 | $0 |
| Maria Cantwell | D | WA | $1,000 | $0 |
| Ben Cardin | D | MD | $10,450 | $0 |
| Tom Carper | D | DE | $1,580 | $0 |
| Bob Casey | D | PA | $14,550 | $0 |
| Clarence Saxby Chambliss | R | GA | $0 | $0 |
| Hillary Clinton | D | NY | $9,950 | $0 |
| Tom Coburn | R | OK | $0 | $0 |
| William Thad Cochran | R | MS | $0 | $0 |
| Norm Coleman | R | MN | $0 | $0 |
| Susan Collins | R | ME | $0 | $0 |
| Gaylord Kent Conrad | D | ND | $6,000 | $0 |
| Bob Corker | R | TN | $0 | $0 |
| John Cornyn | R | TX | $0 | $0 |
| Larry Craig | R | ID | $0 | $0 |
| Mike Crapo | R | ID | $0 | $0 |
| Jim DeMint | R | SC | $0 | $0 |
| Chris Dodd | D | CT | $6,800 | $0 |
| Mary Elizabeth Dole | R | NC | $0 | $0 |
| Pete Domenici | R | NM | $0 | $0 |
| Byron Dorgan | D | ND | $4,000 | $0 |
| Dick Durbin | D | IL | $4,000 | $0 |
| John Ensign | R | NV | $0 | $0 |
| Mike Enzi | R | WY | $0 | $0 |
| Russ Feingold | D | WI | $10,499 | $0 |
| Dianne Feinstein | D | CA | $3,200 | $0 |
| Lindsey Graham | R | SC | $0 | $0 |
| Chuck Grassley | R | IA | $2,000 | $0 |
| Judd Gregg | R | NH | $0 | $0 |
| Chuck Hagel | R | NE | $0 | $0 |
| Tom Harkin | D | IA | $5,000 | $0 |
| Orrin Hatch | R | UT | $0 | $0 |
| Kay Bailey Hutchison | R | TX | $0 | $0 |
| Jim Inhofe | R | OK | $0 | $0 |
| Dan Inouye | D | HI | $1,000 | $0 |
| Johnny Isakson | R | GA | $0 | $0 |
| Tim Johnson | D | SD | $8,000 | $0 |
| Ted Kennedy | D | MA | $1,800 | $0 |
| John Kerry | D | MA | $0 | $0 |
| Amy Klobuchar | D | MN | $12,700 | $0 |
| Herb Kohl | D | WI | $0 | $0 |
| Jon Kyl | R | AZ | $0 | $0 |
| Mary Landrieu | D | LA | $5,000 | $0 |
| Frank Lautenberg | D | NJ | $3,500 | $0 |
| Patrick Leahy | D | VT | $0 | $0 |
| Carl Levin | D | MI | $1,000 | $0 |
| Joe Lieberman | I | CT | $3,400 | $0 |
| Blanche Lincoln | D | AR | $6,000 | $0 |
| Chester Trent Lott | R | MS | $0 | $0 |
| Dick Lugar | R | IN | $0 | $0 |
| Mel Martinez | R | FL | $0 | $0 |
| John McCain | R | AZ | $2,000 | $0 |
| Claire McCaskill | D | MO | $10,250 | $0 |
| Addison "Mitch" McConnell | R | KY | $0 | $0 |
| Bob Menéndez | D | NJ | $7,500 | $0 |
| Barbara Mikulski | D | MD | $9,000 | $0 |
| Lisa Murkowski | R | AK | $0 | $0 |
| Patty Murray | D | WA | $9,588 | $0 |
| Earl "Ben" Nelson | D | NE | $8,999 | $0 |
| Clarence "Bill" Nelson | D | FL | $5,000 | $0 |
| Barack Obama | D | IL | $3,500 | $0 |
| Mark Pryor | D | AR | $3,000 | $0 |
| John "Jack" Reed | D | RI | $2,400 | $0 |
| Harry Reid | D | NV | $6,000 | $0 |
| Charles "Pat" Roberts | R | KS | $0 | $0 |
| John "Jay" Rockefeller | D | WV | $2,000 | $0 |
| Ken Salazar | D | CO | $6,000 | $0 |
| Bernie Sanders | I | VT | $5,500 | $0 |
| Chuck Schumer | D | NY | $1,000 | $0 |
| Jeff Sessions | R | AL | $0 | $0 |
| Richard Shelby | R | AL | $0 | $0 |
| Gordon Smith | R | OR | $4,000 | $0 |
| Olympia Snowe | R | ME | $5,000 | $0 |
| Arlen Specter | D | PA | $5,000 | $0 |
| Debbie Stabenow | D | MI | $7,500 | $0 |
| Ted Stevens | R | AK | $0 | $0 |
| John Sununu | R | NH | $0 | $0 |
| Jon Tester | D | MT | $5,199 | $0 |
| John Thune | R | SD | $300 | $0 |
| David Vitter | R | LA | $0 | $0 |
| George Voinovich | R | OH | $2,000 | $0 |
| John Warner | R | VA | $0 | $0 |
| Jim Webb | D | VA | $1,550 | $0 |
| Sheldon Whitehouse | D | RI | $2,000 | $0 |
| Ron Wyden | D | OR | $1,000 | $0 |
