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

Total contributions given to Senators from Mortgage bankers and brokers, which…

opposed this bill

Mortgage bankers and brokers$2,857,397
$2,857,397

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 Mortgage bankers and brokers interest groups, 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$0$1,250
Andrew Lamar AlexanderRTN$0$23,500
Alan Wayne AllardRCO$0$3,000
John BarrassoRWY$0$10,000
Max BaucusDMT$0$22,750
Birch "Evan" BayhDIN$0$37,050
Bob BennettRUT$0$54,749
Joe BidenDDE$0$9,650
Jesse "Jeff" BingamanDNM$0$9,000
Christopher "Kit" BondRMO$0$44,700
Barbara BoxerDCA$0$25,755
Sherrod BrownDOH$0$31,007
Sam BrownbackRKS$0$5,750
Jim BunningRKY$0$37,402
Richard BurrRNC$0$51,840
Robert ByrdDWV$0$9,500
Maria CantwellDWA$0$6,500
Ben CardinDMD$0$63,700
Tom CarperDDE$0$79,053
Bob CaseyDPA$0$28,600
Clarence Saxby ChamblissRGA$0$28,275
Hillary ClintonDNY$0$123,528
Tom CoburnROK$0$12,458
William Thad CochranRMS$0$3,000
Norm ColemanRMN$0$44,300
Susan CollinsRME$0$21,000
Gaylord Kent ConradDND$0$49,550
Bob CorkerRTN$0$59,200
John CornynRTX$0$40,550
Larry CraigRID$0$2,000
Mike CrapoRID$0$43,749
Jim DeMintRSC$0$43,100
Chris DoddDCT$0$74,700
Mary Elizabeth DoleRNC$0$41,350
Pete DomeniciRNM$0$11,300
Byron DorganDND$0$23,800
Dick DurbinDIL$0$18,550
John EnsignRNV$0$17,450
Mike EnziRWY$0$25,500
Russ FeingoldDWI$0$10,250
Dianne FeinsteinDCA$0$16,950
Lindsey GrahamRSC$0$6,250
Chuck GrassleyRIA$0$20,250
Judd GreggRNH$0$3,000
Chuck HagelRNE$0$15,800
Tom HarkinDIA$0$12,900
Orrin HatchRUT$0$21,500
Kay Bailey HutchisonRTX$0$13,850
Jim InhofeROK$0$2,500
Dan InouyeDHI$0$7,000
Johnny IsaksonRGA$0$59,550
Tim JohnsonDSD$0$100,998
Ted KennedyDMA$0$16,400
John KerryDMA$0$5,578
Amy KlobucharDMN$0$14,500
Herb KohlDWI$0$0
Jon KylRAZ$0$48,400
Mary LandrieuDLA$0$37,900
Frank LautenbergDNJ$0$11,275
Patrick LeahyDVT$0$8,000
Carl LevinDMI$0$13,500
Joe LiebermanICT$0$47,150
Blanche LincolnDAR$0$18,200
Dick LugarRIN$0$7,500
Mel MartinezRFL$0$76,550
John McCainRAZ$0$2,000
Claire McCaskillDMO$0$7,400
Addison "Mitch" McConnellRKY$0$68,900
Bob MenéndezDNJ$0$75,183
Barbara MikulskiDMD$0$25,500
Lisa MurkowskiRAK$0$9,000
Patty MurrayDWA$0$32,450
Earl "Ben" NelsonDNE$0$46,050
Clarence "Bill" NelsonDFL$0$24,300
Barack ObamaDIL$0$51,800
Mark PryorDAR$0$13,750
John "Jack" ReedDRI$0$51,250
Harry ReidDNV$0$66,600
Charles "Pat" RobertsRKS$0$24,250
John "Jay" RockefellerDWV$0$8,250
Ken SalazarDCO$0$13,800
Bernie SandersIVT$0$250
Chuck SchumerDNY$0$40,000
Jeff SessionsRAL$0$11,450
Richard ShelbyRAL$0$160,350
Gordon SmithROR$0$45,500
Olympia SnoweRME$0$10,500
Arlen SpecterDPA$0$10,650
Debbie StabenowDMI$0$51,600
Ted StevensRAK$0$8,250
John SununuRNH$0$26,350
Jon TesterDMT$0$9,500
John ThuneRSD$0$24,008
David VitterRLA$0$18,408
George VoinovichROH$0$11,250
John WarnerRVA$0$0
Jim WebbDVA$0$21,500
Sheldon WhitehouseDRI$0$29,381
Roger WickerRMS$0$9,100
Ron WydenDOR$0$15,000

Add Data Filters:

Legislator Filters
Legislator Filters
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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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