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- H.R.5121
H.R.5121: Expanding American Homeownership Act of 2006
About This Bill
- This bill was introduced in the 109th Congress
- This bill is primarily about congress
- Introduced April 6, 2006
- Latest Major Action July 26, 2006
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
106 (51 Democrats, 1 Independent Democrat, 55 Republicans)
Bill Summary
Expanding American Homeownership Act of 2006 - (Sec. 3) Amends the National Housing Act to modify requirements for determining the maximum insurable mortgage amount. Increases the maximum insurable mortgage amount to the full median house price in a home's area, allowing the Federal Housing Administration (FHA) to insure up to 100% of the Federal Home Loan Mortgage Corporation (FHLMC, or Freddie Mac) conforming loan limit. Increases the...
(Source: Library of Congress)
Congressional Budget Office Estimate
Bill Actions
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Considered as unfinished business.
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On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 415 - 7 (Roll no. 400).
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Motion to reconsider laid on the table Agreed to without objection.
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Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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Referred to the House Committee on Financial Services.
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Committee Consideration and Mark-up Session Held.
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Ordered to be Reported (Amended) by Voice Vote.
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Sponsor introductory remarks on measure.
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Reported (Amended) by the Committee on Financial Services. H. Rept. 109-589.
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Placed on the Union Calendar, Calendar No. 340.
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Mr. Ney moved to suspend the rules and pass the bill, as amended.
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Considered under suspension of the rules.
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DEBATE - The House proceeded with forty minutes of debate on H.R. 5121.
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At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
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| April 6, 2006 |
Introduced in the House by Robert William Ney (R-Ohio) |