/  H.R. 861— NSP Termination Act

H.R. 861 - NSP Termination Act

Bill Text

  • Text of H.R. 861 PDF XML

    NSP Termination Act (text as ordered reported)

  • Text of H. Rept. 112-32 PDF XML

    Report from the Committee on Financial Services

  • Text of H. Rept. 112-32 Part 2 PDF XML

    Supplemental report from the Committee on Financial Services

Rule Information

 

COMMITTEE ACTION:
REPORTED BY VOICE VOTE on Tuesday, March 15, 2011.

FLOOR ACTION FOR H.RES. 170: 
Adopted by record vote of 241-180 on Wednesday, March 16, 2011. 

MANAGERS: Sessions/Polis 

1. Structured rule for H.R. 839.

2. Waives all points of order against consideration of H.R. 839.

3. Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services.

4. Provides that the amendment in the nature of a substitute recommended by the Committee on Financial Services shall be considered as an original bill for the purpose of amendment and shall be considered as read.

5. Waives all points of order against the committee amendment in the nature of a substitute.

6. Makes in order only those amendments printed in Part A of the Rules Committee report accompanying the resolution.  Provides that each amendment made in order may be offered only in the order printed in the report, may be offered only by a Member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question in the House or in the Committee of the Whole.

7. Waives all points of order against amendments printed in Part A of the report.

8. Provides one motion to recommit H.R. 839 with or without instructions.

9. Structured rule for H.R. 861.

10. Waives all points of order against consideration of H.R. 861.

11.  Provides one hour of general debate equally divided and controlled by the chair and ranking minority member of the Committee on Financial Services. 

12. Provides that the amendment in the nature of a substitute recommended by the Committee on Financial Services shall be considered as an original bill for the purpose of amendment and shall be considered as read.

13. Waives all points of order against the committee amendment in the nature of a substitute. 

14.  Makes in order only those amendments printed in Part B of the Rules Committee report accompanying the resolution.  Provides that each amendment made in order may be offered only in the order printed in the report (except that amendment number 9 and amendment number 10 may be offered only en bloc), may be offered only by a Member designated in the report, shall be considered as read, shall be debatable for the time specified in the report equally divided and controlled by the proponent and an opponent, shall not be subject to amendment, and shall not be subject to a demand for division of the question in the House or in the Committee of the Whole.

15. Waives all points of order against the amendments printed in Part B of the report.

16. Provides one motion to recommit H.R. 861 with or without instructions. 

Amendments

#Version #Sponsor(s)PartySummaryStatus
1Version 1Cardoza (CA)DemocratWould require Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) each to carry out a one-year program providing for the refinancing of qualified single-family housing mortgages it owns or guarantees.Submitted
11Version 1Castor (FL)DemocratWould require the U.S. Government Accountability Office (GAO) to conduct a study within 90 days of the bills enactment of the future economic impact the Neighborhood Stabilization Program Round Three would have on communities around the United States. Made In Order
12Version 1Castor (FL)DemocratWould require the U.S. Government Accountability Office (GAO) to conduct a study within 90 days of the bills enactment of the economic impact the Neighborhood Stabilization Program Rounds One and Two have had on communities around the United States. Made In Order
5Version 1Cicilline (RI)DemocratWould require the Director of the Congressional Budget Office to study and report to Congress within 30 days of enactment, the impact this Act has upon job creation or elimination. Would require the Director to estimate the approximate number of jobs created or lost as a result of terminating the Neighborhood Stabilization Program, and, if jobs are lost, identify the communities affected by the job losses, and the extent of such job losses in each community. Submitted
7Version 1Ellison (MN)DemocratWould provide findings for the need for and efficacy of the Neighborhood Stabilization Program.Made In Order
8Version 1Ellison (MN)DemocratWould list state-by-state funding allocations of Neighborhood Stabilization Programs Round Three potentially at risk under H.R. 861. Made In Order
6Version 1Hurt (VA)RepublicanRevised Would ensure that all unobligated balances rescinded by the bill should be retained in the Treasury’s General Fund for the purpose of deficit reduction. Made In Order
13Version 1Jackson Lee (TX) - 1DemocratCalls for a study showing the effect of termination of the NSP program on crime ratesSubmitted
14Version 1Jackson Lee (TX) - 1DemocratCalls for a study showing the effect of termination on the availability of low-income housing options.Submitted
3Version 1Maloney (NY)DemocratWould list the number of homes in each state that have been vacant for 90 days or more and which would be eligible for rehabilitation under the program. Would also state that by voting to terminate this program, these units may not be able to be rehabilitated using NSP funds. Made In Order
4Version 1Richardson (CA)DemocratWould amend the effective date of H.R. 861 to the sooner of: (1) 5 years from the date of enactment; or (2) the date when the national average of underwater mortgages on 1- to 4-family residential properties is 10 percent or less and the percentage of underwater mortgages relating to such properties in the state with the highest percentage of underwater residential properties is 15 percent or less. Made In Order
2Version 1Sanchez, Loretta (CA)DemocratWould add a new section with Congressional findings that if the rescinded and canceled amounts were instead made available for NSP, the Congress could have rebuilt U.S. neighborhoods.Made In Order
9Version 1Waters (CA)DemocratWould require the Secretary of HUD to study the number of homes that will not be mitigated in each Congressional district as a result of the funding rescission, and report findings to Congress.Made In Order
10Version 1Waters (CA)DemocratWould require the Secretary of HUD to send a notice to NSP grantees that would have received funding under NSP that the program has been terminated.Made In Order