Responsible Homeowner Relief Act of 2010

Summary

Responsible Homeowner Relief Act of 2010 - Amends the Internal Revenue Code to allow an individual taxpayer a deduction from gross income for loss from the sale or exchange of a principal residence in which such taxpayer resided for at least two years during the five-year period prior to the sale. Limits the aggregate amount of such deduction to $9,000, allowable in three annual installments of $3,000. Terminates such deduction after 2012. Requires the Federal National Mortgage Association (Fannie Mae) and the Federal Home Loan Mortgage Corporation (Freddie Mac) to waive any short sale waiting period requirement for certain mortgagors who refinance their mortgage in a short sale. Terminates such waiver authority on January 1, 2013.

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Timeline

1. 11 March 2010

   Introduced

   Referred to House Ways and Means

   Source: IntroReferral

2. 11 March 2010

   Introduced

   Referred to the Committee on Ways and Means, and in addition to the Committee on Financial Services, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.

   Source: IntroReferral

3. 11 March 2010

   Introduced

   Introduced in House

   Source: IntroReferral

4. 11 March 2010

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 11 March 2010 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 11 March 2010

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 11 March 2010

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 11 March 2010

  Open at official source

Sponsors

• Rep. Foster, Bill [D-IL-11] · D · Sponsor
• · hsba00 · Standing
• · hswm00 · Standing

Related records

No cross-record relationships stored yet.