Commission on the Foreclosure and Mortgage Lending Crisis Act

Summary

Commission on the Foreclosure and Mortgage Lending Crisis Act - Establishes in the legislative branch the Commission on the Foreclosure and Mortgage Lending Crisis to: (1) study and report to Congress on the current legal and regulatory framework governing the housing mortgage lending markets and how it contributed to the increased foreclosure rate; (2) recommend changes to the current framework to prohibit lending practices that have contributed to the mortgage lending crisis; (3) review the impact of subprime abuses and predatory lending practices; (4) assess the role of states in enacting policies to reduce predatory lending practices and abuses in the subprime markets; (5) assess the impact of mortgage-backed securities and the Federal National Mortgage Corporation (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) upon the mortgage lending crisis; and (6) assess the impact of the Community Reinvestment Act of 1977 on the crisis.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 3 March 2009

   Introduced

   Referred to the House Committee on Financial Services.

   Source: IntroReferral

2. 3 March 2009

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 March 2009

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 3 March 2009 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 3 March 2009

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 3 March 2009

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 March 2009

  Open at official source

Sponsors

• Michael Turner · R · Sponsor
• Shelley Capito · R · Sponsor
• Rep. Biggert, Judy [R-IL-13] · R · Sponsor
• Rep. LaTourette, Steven C. [R-OH-14] · R · Sponsor
• Rep. Schmidt, Jean [R-OH-2] · R · Sponsor
• ILEANA ROS-LEHTINEN · R · Sponsor
• Rep. Cao, Anh "Joseph" [R-LA-2] · R · Sponsor
• Rep. Diaz-Balart, Lincoln [R-FL-21] · R · Cosponsor
• Rep. Miller, Candice S. [R-MI-10] · R · Cosponsor
• Rep. Minnick, Walter [D-ID-1] · D · Cosponsor
• Zoe Lofgren · D · Cosponsor
• Rep. Sutton, Betty [D-OH-13] · D · Cosponsor
• Rep. Castle, Michael N. [R-DE-At Large] · R · Cosponsor
• Rep. Fattah, Chaka [D-PA-2] · D · Cosponsor
• JOHN CONYERS · D · Cosponsor
• ALCEE HASTINGS · D · Cosponsor
• Leonard Lance · R · Cosponsor
• Tim Murphy · R · Cosponsor
• Mario Diaz-Balart · R · Cosponsor
• Rep. Payne, Donald M. [D-NJ-10] · D · Cosponsor
• Rep. Ehlers, Vernon J. [R-MI-3] · R · Cosponsor
• JOHN SHIMKUS · R · Cosponsor
• Rep. Schock, Aaron [R-IL-18] · R · Cosponsor
• · hsba00 · Standing

Related records

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