H.R.3221: Housing and Economic Recovery Act of 2008

About This Bill

  • This bill was introduced in the 110th Congress
  • This bill is primarily about congress
  • Introduced July 30, 2007
  • Latest Major Action July 30, 2008

Bill Summary

Housing and Economic Recovery Act of 2008 - Division A: Housing Finance Reform - Federal Housing Finance Regulatory Reform Act of 2008 - Title I: Reform of Regulation of Enterprises - Subtitle A: Improvement of Safety and Soundness Supervision - (Sec. 1101) Amends the Federal Housing Enterprises Financial Safety and Soundness Act of 1992 to replace the Office of Federal Housing Enterprise Oversight of the Department of Housing and Urban...

(Source: Library of Congress)

What Lawmakers Are Saying About This Bill

There are 23 statements associated with H.R.3221.

Congressional Budget Office Estimate

The Congressional Budget Office has produced a cost estimate for H.R.3221.

Bill Actions

Date Description
Senate agreed to amendments of the House, striking titles VI through XI, to the Senate amendment by Unanimous Consent.
Motion by Senator Reid to disagree to the amendments of the House adding a new title and inserting a new section to the amendment of the Senate to H.R.3221 made in Senate.
Cloture motion on the Reid motion to disagree presented in Senate.
Motion by Senator Reid to concur in the amendment of the House adding a new title to the Senate amendment to H.R.3221 with an amendment (SA 5067) made in Senate.
Considered by Senate.
Considered by Senate.
Cloture on the motion by Senator Reid to disagree to the amendments of the House adding a new title and inserting a new section to the amendment of the Senate to H.R.3221 invoked in Senate by Yea-Nay Vote. 84 - 12. Record Vote Number: 170.
Reid Motion to concur in the amendment of the House adding a new title to the Senate amendment to H.R. 3221 with an amendment (SA 5067) fell when cloture was invoked on the Reid motion to disagree to the amendments of the House adding a new title and inserting a new section to the amendment of the Senate to H.R. 3221.
Considered by Senate.
Senate disagreed to the amendments of the House adding a new title and inserting a new section to the amendment of the Senate to H.R. 3221 by Yea-Nay Vote. 63 - 5. Record Vote Number: 173.
Message on Senate action sent to the House.
Pursuant to the provisions of H. Res. 1363, Mr. Frank called up H.R. 3221 from the Speaker's table and was recognized for a motion.
Mr. Frank (MA) moved that the House agree with an amendment to the Senate amendment to the House amendments to the Senate amendment.
DEBATE - Pursuant to the provisions of H. Res. 1363, the House proceeded with two hours of debate on the Frank motion to agree to the Senate amendment to the House amendments to the Senate amendment to H.R. 3221 with an amendment.
The previous question was ordered pursuant to the rule.
On motion that the House agree with an amendment to the Senate amendment to the House amendments to the Senate Agreed to by the Yeas and Nays: 272 - 152 (Roll no. 519).
Motion to reconsider laid on the table Agreed to without objection.
The Chair announced pursuant to section 2 of House Resolution 1363, the House has receded from any remaining amendments or disagreements on H.R. 3221.
Considered by Senate.
Motion to concur in the House amendment to the Senate amendment to the House amendments to the Senate amendment to the bill.
Cloture motion on the motion to concur to the House amendment to the Senate amendment to the House amendments to the Senate amendment to the bill presented in Senate.
Motion to concur in House amendment to Senate amendment to House amendments to Senate amendment to H.R.3221 with an amendment [SA 5103] made in Senate.
Cloture on the motion to concur in House amendment to Senate amendment to House amendments to Senate amendment to the bill invoked in Senate by Yea-Nay Vote. 80 - 13. Record Vote Number: 185.
Considered by Senate.
Senate agreed to the motion to concur in House amendment to Senate amendment to House amendments to Senate amendment to the bill by Yea-Nay Vote. 72 - 13. Record Vote Number: 186.
Motion to concur in House amendment to Senate amendment to House amendments to Senate amendment to the bill with an amendment (SA 5103) withdrawn by Unanimous Consent.
Cleared for White House.
Message on Senate action sent to the House.
Presented to President.
Signed by President.
Became Public Law No: 110-289.
Hearing Held by Subcommittee on Energy and Environment Prior to Introduction and Referral
Hearings Held by Subcommittee on Energy and Environment Prior to Introduction and Referral
Hearing Held by Subcommittee on Engery and Environment Prior to Introduction and Referral
Hearing Held by Subcommittee on Energy and Environment Prior to Introduction and Referral
Referred to the Committee on Energy and Commerce, and in addition to the Committees on Education and Labor, Foreign Affairs, Small Business, Science and Technology, Agriculture, Oversight and Government Reform, Natural Resources, Transportation and Infrastructure, and Armed Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Referred to House Energy and Commerce
Referred to House Education and Labor
Referred to House Foreign Affairs
Referred to House Small Business
Referred to House Science and Technology
Referred to House Agriculture
Referred to House Oversight and Government Reform
Referred to House Natural Resources
Referred to House Transportation and Infrastructure
Referred to House Armed Services
Rules Committee Resolution H. Res. 615 Reported to House. Rule provides for consideration of H.R. 3221 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by paragraph. Bill is open to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment printed in part A of the report of the Committee on Rules accompanying this resolution shall be considered as adopted in the House and the Committee of the Whole.
Rule H. Res. 615 passed House.
Considered under the provisions of rule H. Res. 615.
Rule provides for consideration of H.R. 3221 with 2 hours of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by paragraph. Bill is open to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. The amendment printed in part A of the report of the Committee on Rules accompanying this resolution shall be considered as adopted in the House and the Committee of the Whole.
House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 615 and Rule XVIII.
The Speaker designated the Honorable David R. Obey to act as Chairman of the Committee.
GENERAL DEBATE - The Committee of the Whole proceeded with 2 hours and 15 minutes of general debate on H.R. 3221.
DEBATE - Pursuant to the provisions of H.Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Blumenauer amendment.
DEBATE - Pursuant to the provisions of H.Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Shays amendment.
DEBATE - Pursuant to the provisions of H.Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Hooley amendment.
DEBATE - Pursuant to the provisions of H.Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Pitts amendment.
DEBATE - Pursuant to the provisions of H.Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Terry amendment.
DEBATE - Pursuant to the provisions of H.Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Udall (NM) amendment.
POSTPONED PROCEEDINGS - At the conclusion of debate on the Udall (NM) amendment the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Barton demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
DEBATE - Pursuant to the provisions of H.Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Van Hollen amendment.
DEBATE - Pursuant to the provisions of H.Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Schwartz amendment.
DEBATE - Pursuant to the provisions of H.Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Arcuri amendment.
POSTPONES PROCEEDINGS - At the conclusion of debate on the Arcuri amendment the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Barton demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
DEBATE - Pursuant to the provisions of H.Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Hodes amendment.
DEBATE - Pursuant to the provisions of H.Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Barton amendment.
DEBATE - Pursuant to the provisions of H.Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Murphy (CT) amendment.
DEBATE - Pursuant to the provisions of H.Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Sail amendment.
POSTPONED PROCEEDINGS - At the conclusion of debate on the Sali amendment the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Sali demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
DEBATE - Pursuant to the provisions of H.Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Welch (VT) amendment.
DEBATE - Pursuant to the provisions of H. Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Castle amendment.
DEBATE - Pursuant to the provisions of H. Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Wu amendment.
DEBATE - Pursuant to the provisions of H. Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Giffords amendment.
DEBATE - Pursuant to the provisions of H. Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Tauscher amendment.
DEBATE - Pursuant to the provisions of H. Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Holt amendment.
DEBATE - Pursuant to the provisions of H. Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Hastings (FL) amendment.
DEBATE - Pursuant to the provisions of H. Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Solis amendment.
Ms. Solis moved that the Committee rise.
On motion that the Committee rise Agreed to by voice vote.
Committee of the Whole House on the state of the Union rises leaving H.R. 3221 as unfinished business.
ORDER OF PROCEDURE - Ms. Solis asked unanimous consent that, during further consideration of H.R. 3221 pursuant to H. Res. 615, the Chair may reduce to two minutes the minimum time for electronic voting under clause 6 of rule 18 and clauses 8 and 9 of rule 20. Agreed to without objection.
The House resolved into Committee of the Whole House on the state of the Union for further consideration.
DEBATE - Pursuant to the provisions of H. Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Cleaver amendment.
POSTPONED PROCEEDINGS - At the conclusion of debate on the Cleaver amendment the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Cleaver demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
DEBATE - Pursuant to the provisions of H. Res. 615, the Committee of the Whole proceeded with 10 minutes of debate on the Sarbanes amendment.
UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question of adoption of amendments which had been debated earlier and on which further proceedings had been postponed.
The House rose from the Committee of the Whole House on the state of the Union to report H.R. 3221.
The previous question was ordered pursuant to the rule.
The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
Mr. Barton (TX) moved to recommit with instructions to the Committees of jurisdiction.
Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the Barton (TX) motion to recommit with instructions. The instructions contained in the motion seek to strike all after the enacting clause and insert a complete new text.
On motion to recommit with instructions Failed by recorded vote: 169 - 244 (Roll no. 831).
On passage Passed by recorded vote: 241 - 172 (Roll no. 832).
Motion to reconsider laid on the table Agreed to without objection.
The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 3221.
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. 340.
Referred to the Subcommittee on Higher Education, Lifelong Learning, and Competitiveness.
Referred to the Subcommittee on Workforce Protections.
Motion to proceed to consideration of measure made in Senate.
Cloture motion on the motion to proceed presented in Senate.
Motion to proceed to consideration of measure withdrawn in Senate.
Cloture on the motion to proceed to the measure not invoked in Senate by Yea-Nay Vote. 48 - 46. Record Vote Number: 35.
Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure (Record Vote Number 35) made in Senate.
Motion to proceed to measure considered in Senate.
Motion to proceed to consideration of measure withdrawn in Senate.
For Further Action See H.R.6.
Motion to proceed to consideration of measure made in Senate.
Motion by Senator Reid to reconsider the vote by which cloture was not invoked on the motion to proceed to the measure (Record Vote Number 35) agreed to in Senate by Unanimous Consent.
Cloture on the motion to proceed to the measure invoked in Senate by Yea-Nay Vote. 94 - 1. Record Vote Number: 86.
Motion to proceed to measure considered in Senate.
Motion to proceed to measure considered in Senate.
Motion to proceed to consideration of measure agreed to in Senate by Unanimous Consent.
Measure laid before Senate by motion.
Considered by Senate.
Cloture motion on the measure presented in Senate.
Considered by Senate.
Considered by Senate.
Considered by Senate.
Considered by Senate.
Cloture motion on the measure withdrawn by unanimous consent in Senate.
Passed Senate with an amendment and an amendment to the Title by Yea-Nay Vote. 84 - 12. Record Vote Number: 96.
Message on Senate action sent to the House.
Rules Committee Resolution H. Res. 1175 Reported to House. Previous question shall be considered as ordered without intervening motions. The rule waives all points of order against the motion except for clause 10 of rule XXI. The rule also provides that the Chair shall divide the question of adoption of the motion among the three House amendments. The rule provides that upon adoption of the motion specified in the first section of the resolution, a motion that the House concur in the Senate amendment to the title shall be considered as adopted.
Rule H. Res. 1175 passed House.
Mr. Frank (MA) moved that the House agree with amendments to the Senate amendments.
DEBATE - Pursuant to the provisions of H.Res. 1175, the House proceeded with 3 hours of debate on the Frank (MA) motion to agree to the Senate amendments to H.R. 3221 with amendments.
The previous question was ordered pursuant to the rule.
On motion to agree to the Senate amendment with House amendment No. 1 Agreed to by the Yeas and Nays: 266 - 154 (Roll No. 301).
On motion to agree to the Senate amendment with House amendment No. 2 Agreed to by recorded vote: 322 - 94 (Roll No. 302).
On motion to agree to the Senate amendment with House amendment No. 3 Agreed to by recorded vote: 256 - 160 (Roll No. 303).
Motion to reconsider laid on the table Agreed to without objection.
House agreed to Senate amendment to the title pursuant to H. Res. 1175.
Mr. Frank asked unanimous consent that the Clerk be authorized to make technical corrections in the House amendments to the Senate amendments to H.R. 3221. Agreed to without objection.
Message on House action received in Senate and at desk: House amendments to Senate amendments.
Measure laid before Senate by unanimous consent.
Reid motion to concur in House amendment striking section 1 through title V and inserting certain language to the Senate amendment with an amendment (SA 4983) made in Senate.
Motion by Senator Bunning to refer to Senate Committee on Banking, Housing, and Urban Affairs, with instructions to assess the potential financial benefits the legislation could provide to Countrywide Financial Corporation and other lenders, as well as mortgages originated by Countrywide Financial Corporation and other lenders that are held by third parties made in Senate.
Motion by Senator Bunning to refer to Senate Committee on Banking, Housing, and Urban Affairs with instructions rejected in Senate by Yea-Nay Vote. 11 - 70. Record Vote Number: 154.
Motion by Senator Bunning to refer to Senate Committee on Banking, Housing, and Urban Affairs, with instructions, pursuant to the order of June 19, 2008, having not received 60 votes in the affirmative was withdrawn in Senate.
Considered by Senate.
Considered by Senate.
Considered by Senate.
Cloture on the Reid motion to concur in the amendment of the House, striking section 1 and all that follows through the end of Title V, and inserting certain language, to the amendment of the Senate, with amendment (SA 4983) invoked in Senate by Yea-Nay Vote. 83 - 9. Record Vote Number: 155.
Considered by Senate.
Senate concurred in House amendment striking section 1 through title V and inserting certain language to the Senate amendment with an amendment (SA 4983) by Yea-Nay Vote. 79 - 16. Record Vote Number: 157.
Reid motion to concur in the amendments of the House, striking title VI through XI, to the Senate amendment made in Senate.
Cloture motion on Reid motion to concur in the amendments of the House, striking title VI through XI, to the Senate amendment presented in Senate.
Considered by Senate.
Cloture on Reid motion to concur in the amendments of the House, striking title VI through XI, to the Senate amendment invoked in Senate by Yea-Nay Vote. 76 - 10. Record Vote Number: 163.
Considered by Senate.
July 30, 2007

Introduced in the House by Nancy Pelosi (D-Calif.)

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