H.R.2892: Reverse Mortgages to Help America's Seniors Act

About This Bill

Bill Summary

Reverse Mortgages to Help America's Seniors Act - Amends the National Housing Act to remove the aggregate and insurance benefit limitations on the number of home equity conversion (reverse) mortgages for elderly homeowners that may be insured by the Federal Housing Administration (FHA).

(Source: Library of Congress)

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.2892.

Bill Actions

Date Description
Referred to the House Committee on Financial Services.
Sponsor introductory remarks on measure.
Referred to the Subcommittee on Housing and Community Opportunity.
Mr. Fitzpatrick (PA) moved to suspend the rules and pass the bill.
Considered under suspension of the rules.
DEBATE - The House proceeded with forty minutes of debate on H.R. 2892.
On motion to suspend the rules and pass the bill Agreed to by voice vote.
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 351.
June 14, 2005

Introduced in the House by Michael G. Fitzpatrick (R-Pa.)

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