CONGRESSWOMAN ELISE STEFANIK
On Wednesday, March 9, 2011, the House approved H.Res. 151, the rule providing for consideration of H.R. 836, the Emergency Homeowner Relief Program Termination Act. Complete consideration of H.R. 836 is expected on Friday, March 11, 2011. The amendments pre-printed in the Congressional Record can be found on the Rules Committee website. The bill was introduced by Rep. Jeb Hensarling (R-TX) on February 28, 2011, and referred to the Committee on Financial Services. On March 3, 2011, a mark-up was held and the bill was reported by a recorded vote of 33-22.
Amendment No. 1—Rep. Cardoza (D-CA): The amendment would direct the Federal Housing Finance Agency (FHFA), the regulator of Fannie Mae and Freddie Mac, to establish a mortgage refinancing program for mortgages owned by those government-sponsored enterprises.
Amendment No. 2—Rep. Cole (R-OK): The amendment would require any unexpended balances rescinded and permanently canceled by the bill be retained in the General Fund of the Treasury for reducing the national debt.
Amendment No. 3—Rep. Paulsen (R-MN): The amendment would add consideration of members and veterans with service-connected disabilities in the study directed by subsection (d) to examine the use of the program by members of the Armed Forces, Veterans, and Gold Star recipients.
Amendment No. 4—Rep. Waters (D-CA): The amendment would direct the Secretary of Housing and Urban development to post a cancellation notice of the FHA Refinance Program on its website and encourage underwater homeowners to contact their Member of Congress.
Amendment No. 5—Rep. Canseco (R-TX): The amendment would require any unexpended balances rescinded and permanently canceled by the bill be retained in the General Fund of the Treasury for reducing the national debt.
Amendment No. 6—Rep. Connolly (D-VA): The amendment would add to the definition of “covered homeowners” under subsection (d) of Section 3 to include “a teacher in an elementary or secondary school” in the study directed to examine the use of the program by members of the Armed Forces, Veterans, and Gold Star recipients.
Amendment No. 7—Rep. Sanchez (D-CA): The amendment would delay the effective date of this Act to the date on which the monthly unemployment report, according to the Current Population Survey (CPS) of the Bureau of Labor Statistics, is identified as equal to 7.5 percent or less.