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- H.R.5981
H.R.5981: To increase the flexibility of the Secretary of Housing and Urban Development with respect to the amount of premiums charged for FHA single family housing mortgage insurance, and for other purposes.
About This Bill
- This bill was introduced in the 111th Congress
- This bill is primarily about housing and community development
- Introduced July 30, 2010
- Latest Major Action Aug. 11, 2010
Bill Sponsor
Bill Summary
Amends the National Housing Act with respect to requirements for the insurance of mortgages secured by a one- to four-family dwelling which are obligations of the Mutual Mortgage Insurance Fund. (Sec. 1) Authorizes the Secretary of Housing and Urban Development (HUD) to establish and collect annual premium payments of up to 1.5% of the remaining insured principal balance on such a dwelling. (Currently the Secretary is required to establish and...
(Source: Library of Congress)
Bill Actions
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Referred to the House Committee on Financial Services.
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Mr. Frank (MA) moved to suspend the rules and pass the bill.
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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. 5981.
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On motion to suspend the rules and pass the bill Agreed to by voice vote.
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Motion to reconsider laid on the table Agreed to without objection.
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Received in the Senate.
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Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
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Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent.
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Passed Senate without amendment by Unanimous Consent.
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Cleared for White House.
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Message on Senate action sent to the House.
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Presented to President.
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Signed by President.
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Became Public Law No: 111-229.
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| July 30, 2010 |
Introduced in the House by Barney Frank (D-Mass.) |