S.2169: Promoting Refinancing Opportunities for Mortgages Impacted by the Subprime Emergency Act of 2007

About This Bill

  • This bill was introduced in the 110th Congress
  • This bill is primarily about law
  • Introduced Oct. 16, 2007
  • Latest Major Action Oct. 16, 2007

Bill Summary

Promoting Refinancing Opportunities for Mortgages Impacted by the Subprime Emergency Act of 2007, or the PROMISE Act - Requires the Director of the Office of Federal Housing Enterprise Oversight (OFHEO) of the Department of Housing and Urban Development to terminate, suspend, modify, or otherwise lift: (1) the limitation on growth provision set forth in the Fannie Mae Consent Decree (the OFHEO order dated May 23, 2006, in the matter of the...

(Source: Library of Congress)

Bill Actions

Date Description
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Oct. 16, 2007

Introduced in the Senate by Charles E. Schumer (D-N.Y.)

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