A bill to impose a moratorium on prepayments under section 515 of the Housing Act of 1949.

Summary

Amends the Housing Act of 1949 to prohibit the Secretary of Agriculture, through January 1, 1988, from accepting any mortgage loan prepayments on rural rental housing unless: (1) a loan was made or insured at least 20 years prior to the date of prepayment; or (2) in the case of a loan made or insured before December 21, 1979, the Secretary determines that comparable housing is available, or that such prepayment will not result in substantial rent increases to existing tenants.

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Timeline

1. 25 June 1987

   Introduced

   Introduced in the Senate. Read twice. Placed on Senate Legislative Calendar under General Orders. Calendar No. 209.

   Source: Calendars

2. 25 June 1987

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 26 June 1987

   Passed

   Passed Senate without amendment by Voice Vote.

   Source: Floor

4. 26 June 1987

   Passed

   Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.

   Source: Floor

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in Senate

  summary · EN · 25 June 1987

  Open at official source

Sponsors

• Sen. Cranston, Alan [D-CA] · D · Sponsor
• Sen. D'Amato, Alfonse [R-NY] · R · Sponsor
• Sen. Evans, Daniel J. [R-WA] · R · Sponsor
• Sen. Adams, Brock [D-WA] · D · Sponsor
• Sen. Stafford, Robert T. [R-VT] · R · Sponsor
• Sen. Leahy, Patrick J. [D-VT] · D · Sponsor
• Sen. Moynihan, Daniel Patrick [D-NY] · D · Cosponsor

Related records

• related to → A bill to impose a moratorium on prepayments under section 515 of the Housing Act of 1949.