S. 2636 - Foreclosure Prevention Act of 2008

Housing. 110th Congress (2007-2008) View bill details
Sponsor:
Summary:
A bill to provide needed housing reform. (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.

Foreclosure Prevention Act of 2008

S. 2636 — 110th Congress (2007–2008)

Summary
A bill to provide needed housing reform. (by CRS)
Learn More
At OpenCongress
Title
A bill to provide needed housing reform.
Other Titles
  • Foreclosure Prevention Act of 2008
  • Helping Families Save Their Homes in Bankruptcy Act of 2008
  • Mortgage Disclosure Improvement Act of 2008
Sponsor
Harry Reid
Co-Sponsors
Subjects
  • Housing
  • Affordable housing
  • Appropriations
  • Bankruptcy
  • Bonds
  • Budgets
  • Community development
  • Community development banking
  • Consumer credit
  • Consumer education
  • Consumer protection
  • Consumers
  • Counseling
  • Damages
  • Debtor and creditor
  • Federal aid to housing
  • Fees
  • Finance
  • Foreclosure
  • Income tax
  • Infrastructure
  • Land banking
  • Law
  • Liability (Law)
  • Loan defaults
  • Losses
  • Low-income housing
  • Minimum tax
  • Moderate income housing
  • Mortgage interest rates
  • Mortgages
  • Natural resources
  • Neighborhood Reinvestment Corporation
  • Public lands
  • Real estate appraisal
  • Residential rehabilitation
  • Social services
  • Tax deductions
  • Taxation
  • Welfare
Related Bills
Major Actions
Introduced2/13/2008
Bill History

There have been no votes on this bill.

ActionDateDescription
Introduced2/13/2008
2/13/2008Introduced in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Put on a legislative calendar2/14/2008Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 577.
NumberSponsorDate OfferedStatus
scale for bar graph of contributions

Contributions

  1. January - February 2003 For $26,450 Against $252,745
  2. March - April 2003 For $87,500 Against $566,451
  3. May - June 2003 For $76,800 Against $681,158
  4. July - August 2003 For $27,050 Against $245,649
  5. September - October 2003 For $59,300 Against $246,748
  6. November - December 2003 For $42,600 Against $324,328
  7. January - February 2004 For $24,750 Against $207,812
  8. March - April 2004 For $53,850 Against $494,796
  9. May - June 2004 For $90,776 Against $530,070
  10. July - August 2004 For $46,777 Against $356,891
  11. September - October 2004 For $121,837 Against $839,257
  12. November - December 2004 For $21,100 Against $115,400
  13. January - February 2005 For $35,830 Against $181,411
  14. March - April 2005 For $90,000 Against $473,317
  15. May - June 2005 For $131,548 Against $378,360
  16. July - August 2005 For $23,300 Against $221,070
  17. September - October 2005 For $87,500 Against $404,895
  18. November - December 2005 For $80,470 Against $413,205
  19. January - February 2006 For $37,975 Against $149,465
  20. March - April 2006 For $107,540 Against $509,202
  21. May - June 2006 For $98,596 Against $587,247
  22. July - August 2006 For $42,900 Against $340,490
  23. September - October 2006 For $236,609 Against $656,893
  24. November - December 2006 For $23,000 Against $399,612
  25. January - February 2007 For $16,710 Against $324,049
  26. March - April 2007 For $57,850 Against $635,031
  27. May - June 2007 For $85,150 Against $551,836
  28. July - August 2007 For $53,421 Against $342,308
  29. September - October 2007 For $43,580 Against $461,299
  30. November - December 2007 For $54,169 Against $360,224
  31. January - February 2008 For $24,900 Against $303,361
  32. March - April 2008 For $39,100 Against $397,488
  33. May - June 2008 For $48,898 Against $589,050
  34. July - August 2008 For $55,570 Against $346,466
  35. September - October 2008 For $52,400 Against $351,878
  36. November - December 2008 For $25,900 Against $135,980

Votes

    18 Organizations Supported and 3 Opposed; See Which Ones

    Organizations that took a position on
    Foreclosure Prevention Act of 2008

    18 organizations supported this bill

    AARP
    (n.d.). Take Action Now. Retrieved n.d., from .
    AFL-CIO
    (n.d.). Support Letter for S. 2636. Retrieved n.d., from .
    Association of Community Organizations for Reform Now
    (n.d.). Letter of Support for S. 2636. Retrieved n.d., from .
    Black Leadership Forum
    (n.d.). Letter of Support for S. 2636. Retrieved n.d., from .
    Center for Responsible Lending
    (n.d.). Letter of Support for S. 2636. Retrieved n.d., from .
    Consumer Action
    (n.d.). Letter of Support for S. 2636. Retrieved n.d., from .
    Consumer Federation of America
    (n.d.). Letter of Support for S. 2636. Retrieved n.d., from .
    Lawyers' Committee for Civil Rights Under Law
    (n.d.). Letter of Support for S. 2636. Retrieved n.d., from .
    National Association for the Advancement of Colored People
    (n.d.). Letter of Support for S.2636. Retrieved n.d., from .
    National Association of Consumer Advocates
    (n.d.). Letter of Support for S.2636. Retrieved n.d., from .
    National Association of Consumer Bankruptcy Attorneys
    (n.d.). Letter of Support for S.2636. Retrieved n.d., from .
    National Consumer Law Center
    (n.d.). Letter of Support for S.2636. Retrieved n.d., from .
    National Council of La Raza
    (n.d.). Letter of Support for S.2636. Retrieved n.d., from .
    National Neighborworks Association
    (n.d.). Letter of Support for S.2636. Retrieved n.d., from .
    Native American Community Development Financial Institution Coalition
    (n.d.). Support Letter for S. 2636. Retrieved n.d., from .
    Opportunity Finance Network
    (n.d.). Letter of Support for S.2636. Retrieved n.d., from .
    Service Employees International Union
    (n.d.). Letter of Support for S.2636. Retrieved n.d., from .
    U.S. Conference of Mayors
    (n.d.). Support letter. Retrieved n.d., from .

    3 organizations opposed this bill

    American Bankers Association
    (n.d.). Protect Mortgage Credit -- Oppose Title IV of S. 2636 . Retrieved n.d., from .
    Mortgage Bankers Association
    (n.d.). MBA Hails Veto Threat on Senate Housing Bill. Retrieved n.d., from .
    National Association of Home Builders
    (n.d.). Bankruptcy Provision Puts Snag in Senate Housing Bill. Retrieved n.d., from .

    Need proof?

    View citations of support and opposition

    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

    Contributions by Legislator

    Namesort iconPartyState$ From Interest Groups
    That Supported
    $ From Interest Groups
    That Opposed
    Daniel K. AkakaDHI$37,490$46,500
    Andrew Lamar AlexanderRTN$5,600$152,500
    Alan Wayne AllardRCO$0$14,000
    John BarrassoRWY$0$53,450
    Max BaucusDMT$22,500$214,130
    Birch "Evan" BayhDIN$32,700$188,144
    Bob BennettRUT$3,000$215,949
    Joe BidenDDE$27,300$53,425
    Jesse "Jeff" BingamanDNM$18,000$38,000
    Christopher "Kit" BondRMO$0$197,349
    Barbara BoxerDCA$52,500$52,830
    Sherrod BrownDOH$71,422$114,869
    Sam BrownbackRKS$5,000$52,034
    Jim BunningRKY$0$160,838
    Richard BurrRNC$0$331,239
    Robert ByrdDWV$23,250$44,350
    Maria CantwellDWA$27,650$40,585
    Ben CardinDMD$63,650$128,350
    Tom CarperDDE$11,580$337,105
    Bob CaseyDPA$107,050$132,120
    Clarence Saxby ChamblissRGA$0$249,023
    Hillary ClintonDNY$179,645$636,835
    Tom CoburnROK$0$75,849
    William Thad CochranRMS$0$43,150
    Norm ColemanRMN$16,519$295,095
    Susan CollinsRME$0$106,984
    Gaylord Kent ConradDND$19,000$153,950
    Bob CorkerRTN$0$243,700
    John CornynRTX$12,450$375,542
    Larry CraigRID$0$9,710
    Mike CrapoRID$1,000$202,356
    Jim DeMintRSC$500$204,250
    Chris DoddDCT$21,400$449,400
    Mary Elizabeth DoleRNC$12,930$290,789
    Pete DomeniciRNM$0$45,550
    Byron DorganDND$16,000$61,550
    Dick DurbinDIL$27,850$165,300
    John EnsignRNV$500$77,900
    Mike EnziRWY$0$97,800
    Russ FeingoldDWI$43,249$33,360
    Dianne FeinsteinDCA$19,950$79,799
    Lindsey GrahamRSC$14,600$124,950
    Chuck GrassleyRIA$16,000$111,250
    Judd GreggRNH$1,000$65,550
    Chuck HagelRNE$0$69,450
    Tom HarkinDIA$35,930$81,530
    Orrin HatchRUT$7,500$116,850
    Kay Bailey HutchisonRTX$2,000$177,600
    Jim InhofeROK$0$69,800
    Dan InouyeDHI$36,501$78,975
    Johnny IsaksonRGA$0$218,219
    Tim JohnsonDSD$43,198$279,792
    Ted KennedyDMA$29,900$66,849
    John KerryDMA$22,300$28,408
    Amy KlobucharDMN$71,585$83,310
    Herb KohlDWI$0$0
    Jon KylRAZ$3,400$232,200
    Mary LandrieuDLA$29,550$143,649
    Frank LautenbergDNJ$20,300$57,425
    Patrick LeahyDVT$12,000$27,000
    Carl LevinDMI$34,521$58,450
    Joe LiebermanICT$42,100$171,900
    Blanche LincolnDAR$26,750$145,157
    Dick LugarRIN$23,800$77,100
    Mel MartinezRFL$11,500$314,500
    John McCainRAZ$2,500$41,800
    Claire McCaskillDMO$44,720$56,150
    Addison "Mitch" McConnellRKY$27,450$376,450
    Bob MenéndezDNJ$105,920$241,833
    Barbara MikulskiDMD$37,000$64,000
    Lisa MurkowskiRAK$16,350$46,950
    Patty MurrayDWA$48,788$83,425
    Earl "Ben" NelsonDNE$19,999$178,679
    Clarence "Bill" NelsonDFL$16,250$81,050
    Barack ObamaDIL$98,625$265,803
    Mark PryorDAR$16,700$100,392
    John "Jack" ReedDRI$16,900$214,449
    Harry ReidDNV$41,600$259,196
    Charles "Pat" RobertsRKS$0$192,090
    John "Jay" RockefellerDWV$18,000$73,400
    Ken SalazarDCO$48,550$131,375
    Bernie SandersIVT$24,248$2,000
    Chuck SchumerDNY$35,000$287,350
    Jeff SessionsRAL$0$127,280
    Richard ShelbyRAL$0$521,547
    Gordon SmithROR$7,000$152,300
    Olympia SnoweRME$26,100$56,000
    Arlen SpecterDPA$72,450$203,500
    Debbie StabenowDMI$54,300$183,266
    Ted StevensRAK$7,700$26,150
    John SununuRNH$0$319,456
    Jon TesterDMT$15,949$65,650
    John ThuneRSD$300$139,749
    David VitterRLA$7,127$119,149
    George VoinovichROH$3,250$203,275
    John WarnerRVA$0$650
    Jim WebbDVA$28,010$44,250
    Sheldon WhitehouseDRI$19,500$63,081
    Roger WickerRMS$3,300$145,674
    Ron WydenDOR$4,000$42,500

    Add Data Filters:

    Legislator Filters
    Legislator Filters
    Show All
    NamePartyState$ From Interest Groups
    That Supported
    $ From Interest Groups
    That Opposed
    Daniel K. AkakaDHI$37,490$46,500
    Andrew Lamar AlexanderRTN$5,600$152,500
    Alan Wayne AllardRCO$0$14,000
    John BarrassoRWY$0$53,450
    Max BaucusDMT$22,500$214,130
    Birch "Evan" BayhDIN$32,700$188,144
    Bob BennettRUT$3,000$215,949
    Joe BidenDDE$27,300$53,425
    Jesse "Jeff" BingamanDNM$18,000$38,000
    Christopher "Kit" BondRMO$0$197,349
    Barbara BoxerDCA$52,500$52,830
    Sherrod BrownDOH$71,422$114,869
    Sam BrownbackRKS$5,000$52,034
    Jim BunningRKY$0$160,838
    Richard BurrRNC$0$331,239
    Robert ByrdDWV$23,250$44,350
    Maria CantwellDWA$27,650$40,585
    Ben CardinDMD$63,650$128,350
    Tom CarperDDE$11,580$337,105
    Bob CaseyDPA$107,050$132,120
    Clarence Saxby ChamblissRGA$0$249,023
    Hillary ClintonDNY$179,645$636,835
    Tom CoburnROK$0$75,849
    William Thad CochranRMS$0$43,150
    Norm ColemanRMN$16,519$295,095
    Susan CollinsRME$0$106,984
    Gaylord Kent ConradDND$19,000$153,950
    Bob CorkerRTN$0$243,700
    John CornynRTX$12,450$375,542
    Larry CraigRID$0$9,710
    Mike CrapoRID$1,000$202,356
    Jim DeMintRSC$500$204,250
    Chris DoddDCT$21,400$449,400
    Mary Elizabeth DoleRNC$12,930$290,789
    Pete DomeniciRNM$0$45,550
    Byron DorganDND$16,000$61,550
    Dick DurbinDIL$27,850$165,300
    John EnsignRNV$500$77,900
    Mike EnziRWY$0$97,800
    Russ FeingoldDWI$43,249$33,360
    Dianne FeinsteinDCA$19,950$79,799
    Lindsey GrahamRSC$14,600$124,950
    Chuck GrassleyRIA$16,000$111,250
    Judd GreggRNH$1,000$65,550
    Chuck HagelRNE$0$69,450
    Tom HarkinDIA$35,930$81,530
    Orrin HatchRUT$7,500$116,850
    Kay Bailey HutchisonRTX$2,000$177,600
    Jim InhofeROK$0$69,800
    Dan InouyeDHI$36,501$78,975
    Johnny IsaksonRGA$0$218,219
    Tim JohnsonDSD$43,198$279,792
    Ted KennedyDMA$29,900$66,849
    John KerryDMA$22,300$28,408
    Amy KlobucharDMN$71,585$83,310
    Herb KohlDWI$0$0
    Jon KylRAZ$3,400$232,200
    Mary LandrieuDLA$29,550$143,649
    Frank LautenbergDNJ$20,300$57,425
    Patrick LeahyDVT$12,000$27,000
    Carl LevinDMI$34,521$58,450
    Joe LiebermanICT$42,100$171,900
    Blanche LincolnDAR$26,750$145,157
    Dick LugarRIN$23,800$77,100
    Mel MartinezRFL$11,500$314,500
    John McCainRAZ$2,500$41,800
    Claire McCaskillDMO$44,720$56,150
    Addison "Mitch" McConnellRKY$27,450$376,450
    Bob MenéndezDNJ$105,920$241,833
    Barbara MikulskiDMD$37,000$64,000
    Lisa MurkowskiRAK$16,350$46,950
    Patty MurrayDWA$48,788$83,425
    Earl "Ben" NelsonDNE$19,999$178,679
    Clarence "Bill" NelsonDFL$16,250$81,050
    Barack ObamaDIL$98,625$265,803
    Mark PryorDAR$16,700$100,392
    John "Jack" ReedDRI$16,900$214,449
    Harry ReidDNV$41,600$259,196
    Charles "Pat" RobertsRKS$0$192,090
    John "Jay" RockefellerDWV$18,000$73,400
    Ken SalazarDCO$48,550$131,375
    Bernie SandersIVT$24,248$2,000
    Chuck SchumerDNY$35,000$287,350
    Jeff SessionsRAL$0$127,280
    Richard ShelbyRAL$0$521,547
    Gordon SmithROR$7,000$152,300
    Olympia SnoweRME$26,100$56,000
    Arlen SpecterDPA$72,450$203,500
    Debbie StabenowDMI$54,300$183,266
    Ted StevensRAK$7,700$26,150
    John SununuRNH$0$319,456
    Jon TesterDMT$15,949$65,650
    John ThuneRSD$300$139,749
    David VitterRLA$7,127$119,149
    George VoinovichROH$3,250$203,275
    John WarnerRVA$0$650
    Jim WebbDVA$28,010$44,250
    Sheldon WhitehouseDRI$19,500$63,081
    Roger WickerRMS$3,300$145,674
    Ron WydenDOR$4,000$42,500

    Interest Groups that supported this bill

    $ Donated
    Minority/Ethnic Groups$1,211,093
    State & local govt employee unions$484,348
    Elderly issues/Social Security$268,215
    Labor Unions$241,400
    Human Rights$19,800
    Consumer groups$6,850
    Municipal & county government organizations$0

    Interest Groups that opposed this bill

    $ Donated
    Commercial banks & bank holding companies$11,184,170
    Mortgage bankers and brokers$2,857,397
    Builders associations$333,875
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