H.R. 836: Emergency Homeowner Relief Program Termination Act

H.R. 836

Emergency Homeowner Relief Program Termination Act

March 11, 2011 (112th Congress, 1st Session)

Staff Contact

Floor Situation

On Wednesday, March 9, 2011, the House is scheduled consider H.Res. 151, the rule providing for consideration of H.R. 836, the Emergency Homeowner Relief Program Termination Act.  The rule would provide for one hour of debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services.  Additionally, the rule makes in order amendments printed in the Congressional Record by March 9, 2011 and provides for one motion to recommit with or without instructions.  Complete consideration of H.R. 836 is expected on Friday, March 11, 2011.  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.

Bill Summary

The legislation would rescind and permanently cancel all unobligated balances made available under section 1496(a) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.

This legislation would repeal Title I of the Emergency Housing Act of 1975, as amended by section 1496(b) of the Dodd-Frank Wall Street Reform and Consumer Protection Act.  The legislation would direct that any amounts made available and expended prior to the date of enactment of this Act to continue to be governed by any laws, regulations, orders, or notices as already in effect.

The legislation would direct the Secretary of Housing and Urban Development to terminate the Emergency Mortgage Relief Program.  The legislation would also direct the HUD Secretary to conduct a study to determine the extent of use of the Emergency Homeowner Relief Program by members of the Armed Forces, Veterans, and Gold Star recipients.


The Dodd-Frank Act established a $1 billion HUD Emergency Homeowner Relief Program, which provides loans or credit advances to unemployed borrowers who cannot pay their mortgages because of unemployment or reduction in income.  Payments under the program may be provided for 12 months, with a possible 12-month extension.  The Obama administration, in its FY 2012 budget proposal, estimates the program to have a 98 percent subsidy rate.  This means for every $1 spent on this federal program, the taxpayers will lose 98 cents.  The program was initially authorized in 1975 and was never funded during its 35 year history.


The Congressional Budget Deficit estimates that this legislation would reduce federal budget deficits by $840 million over the FY2011-2021 period.