Housing and Automobile Industries Recovery Act of 1982

Summary

Housing and Automobile Industries Recovery Act of 1982 - Title I: Exemption for the Purchase of Certain Bonds by Employee Pension Benefit Plans - Provides a temporary exemption from certain provisions of the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code relating to prohibited transactions for the purchase of certain bonds sold to fund residential mortgages and domestic motor vehicle loans. Title II: Interest Reduction Payments - Provides for interest reduction payments by the Secretary of Housing and Urban Development to assist with the financing of the purchase of certain residences and domestic motor vehicles. Sets forth: (1) requirements and restrictions for eligible loans and mortgages; and (2) guidelines for the allocation of such payments. Authorizes appropriations for FY 1982 through 1988 to carry out this title. Prohibits the Secretary from making any commitments to make interest reduction payments under this title after August 31, 1983.

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Timeline

1. 20 May 1982

   Introduced

   Referred to House Committee on Banking, Finance and Urban Affairs.

   Source: IntroReferral

2. 20 May 1982

   Introduced

   Introduced in House

   Source: IntroReferral

3. 20 May 1982

   Introduced

   Introduced in House

   Source: IntroReferral

4. 28 May 1982

   Referred

   Referred to Subcommittee on Labor-Management Relations.

   Source: Committee

5. 1 June 1982

   Referred

   Referred to Subcommittee on Housing and Community Development.

   Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 20 May 1982

  Open at official source

Sponsors

• Rep. Hammerschmidt, John P. [R-AR-3] · R · Sponsor
• · hsba00 · Standing
• · hsed00 · Standing
• · hswm00 · Standing

Related records

• related to → Housing and Automobile Industries Recovery Act of 1982