S.2791: Protecting America's Homeowners Act of 2008

About This Bill

  • This bill was introduced in the 110th Congress
  • This bill is primarily about taxation
  • Introduced April 1, 2008
  • Latest Major Action April 1, 2008

Bill Summary

Protecting America's Homeowners Act of 2008 - Amends the Internal Revenue Code to extend through January 1, 2011, the temporary exclusion from gross income of the discharge of an indebtedness for a qualified principal residence.Declares invalid, throughout a specified moratorium period, the terms of any home mortgage loan that requires a consumer to pay a prepayment penalty for paying all or part of the outstanding principal before its...

(Source: Library of Congress)

Bill Actions

Date Description
Read twice and referred to the Committee on Finance.
April 1, 2008

Introduced in the Senate by George V. Voinovich (R-Ohio)

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