H.R.5678: Neighborhood Rescue and Stabilization Act of 2008

About This Bill

  • This bill was introduced in the 110th Congress
  • This bill is primarily about economics and public finance
  • Introduced April 2, 2008
  • Latest Major Action April 2, 2008

Bill Summary

Neighborhood Rescue and Stabilization Act of 2008 - Authorizes for FY2008 appropriations for assistance to states and local governmental units for the redevelopment of abandoned and foreclosed homes. Requires the Secretary of Housing and Urban Development (HUD) to allocate the funds among the states according to a funding formula reflecting the ratio that home mortgage foreclosures occurring in a state bears to the aggregate number of such...

(Source: Library of Congress)

Bill Actions

Date Description
Referred to the Committee on Financial Services, and in addition to the Committee on the Budget, 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 Financial Services
Referred to House Budget
April 2, 2008

Introduced in the House by Maxine Waters (D-Calif.)

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