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H.R.2167: Reverse Mortgage Stabilization Act of 2013

About this Bill

This bill was introduced in the 113th Congress
This bill is primarily about housing and community development
You can read the bill
Sponsor Denny Heck, D-Wash.
Total Cosponsors 1 (All Republicans)
Introduced May 23, 2013
Latest Major Action Aug. 9, 2013
See it on GovTrack
See it on C-SPAN

Bill Progress

  • Bill introduced in the House   
  • Bill passed in the House   
  • Bill passed in the Senate   
  • Bill signed into law

Bill Summary

(This measure has not been amended since it was introduced. The summary of that version is repeated here.)

Reverse Mortgage Stabilization Act of 2013 - Amends the National Housing Act, with respect to mortgage insurance for home equity conversion mortgages (reverse mortgages) of elderly homeowners, to authorize the Secretary of Housing and Urban Development (HUD) to establish, by notice or mortgagee letter, any additional or alternative requirements determined necessary to improve the fiscal safety and soundness of the reverse mortgage program.

Declares that such requirements shall take effect upon issuance.

(Source: Congressional Research Service)

Bill Actions

Date Description
Aug. 9, 2013 Became Public Law No: 113-29.
Aug. 9, 2013 Signed by President.
Aug. 1, 2013 Presented to President.
July 31, 2013 Message on Senate action sent to the House.
July 30, 2013 Passed Senate without amendment by Unanimous Consent.
July 30, 2013 Senate Committee on Banking, Housing, and Urban Affairs discharged by Unanimous Consent. (consideration: CR S6082)
June 13, 2013 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
June 12, 2013 Motion to reconsider laid on the table Agreed to without objection.
June 12, 2013 On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H3300)
June 12, 2013 DEBATE - The House proceeded with forty minutes of debate on H.R. 2167.
June 12, 2013 Considered under suspension of the rules. (consideration: CR H3299-3301)
June 12, 2013 Mr. Hensarling moved to suspend the rules and pass the bill.
May 23, 2013 Referred to the House Committee on Financial Services.