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H.R.1106
Title: To prevent mortgage foreclosures and enhance mortgage credit availability.
Sponsor: Rep Conyers, John, Jr. [MI-14] (introduced 2/23/2009) Cosponsors (24)
Related Bills: H.RES.190, H.RES.205, S.895, S.896
Latest Major Action: 3/11/2009 Referred to Senate committee. Status: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

ALL ACTIONS:

2/23/2009:: Referred to the Committee on Financial Services, and in addition to the Committees on the Judiciary, and Veterans' Affairs, 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.
2/23/2009:: Referred to House Financial Services
2/23/2009:: Referred to House Judiciary
2/23/2009:: Referred to House Veterans' Affairs
2/25/2009 9:26pm:: Rules Committee Resolution H. Res. 190 Reported to House. Rule provides for consideration of H.R. 1106 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. The resolution waives all points of order against the bill except those arising under clause 9 of rule XXI.
2/26/2009 12:13pm:: Rule H. Res. 190 passed House.
2/26/2009 12:14pm:: Considered under the provisions of rule H. Res. 190. (consideration: CR H2848-2862)
2/26/2009 12:14pm:: Rule provides for consideration of H.R. 1106 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be considered read. Specified amendments are in order. The resolution waives all points of order against the bill except those arising under clause 9 of rule XXI.
2/26/2009 12:16pm:: House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 190 and Rule XVIII.
2/26/2009 12:16pm:: The Speaker designated the Honorable Jose E. Serrano to act as Chairman of the Committee.
2/26/2009 12:16pm:: GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1106.
2/26/2009 1:30pm:: Mr. Frank (MA) moved that the Committee rise.
2/26/2009 1:30pm:: On motion to rise Agreed to by voice vote.
2/26/2009 1:31pm:: Committee of the Whole House on the state of the Union rises leaving H.R. 1106 as unfinished business.
3/4/2009 2:38pm:: Rules Committee Resolution H. Res. 205 Reported to House. The resolution provides that amendment number 1 printed in House Report 111-21 to be offered by Rep. John Conyers or his designee shall be perfected by the modification printed in the report to accompany this resolution.
3/5/2009 11:56am:: Rule H. Res. 205 passed House.
3/5/2009 12:15pm:: Considered as unfinished business. (consideration: CR H2997-3018; text as reported in House: CR H2997-3001)
3/5/2009 12:15pm:: The House resolved into Committee of the Whole House on the state of the Union for further consideration.
3/5/2009 12:16pm:: H.AMDT.24 Amendment (A001) offered by Ms. Lofgren, Zoe. (consideration: CR H3001-3013, H3019)
Amendment, as modified, requires courts to use FHA appraisal guidelines whee the fair market value of a home is in dispute; denies relief to individuals who can afford to repay their mortgages without judicial mortgage modification; and extends the negotiation period from 15 to 30 days which requires the debtor to certify that he or she contacted the lender, provided the lender with income, expense and debt statements, and that there was a process for the borrower and lender to seek to reach agreement on a qualified loan modification.
3/5/2009 12:17pm:: H.AMDT.24 Lofgren, Zoe amendment (A001) as modified. Pursuant to the provisions of H. Res. 205, the Lofgren amendment is modified.
3/5/2009 12:18pm:: DEBATE - Pursuant to the provisions of H. Res. 190, the Committee of the Whole proceeded with thirty minutes of debate on the Lofgren amendment as modified. The modification would (1) allow a court to consider, in lieu of reducing mortgage principal, lowering the interest rate to reduce the debtor's mortgage payments according to the Administration's Homeowner Affordability and Stability Plan as implemented on March 4, 2009; (2) give the mortgage holder a greater proportion of the appreciation in a home on a graduated basis if it is sold during the 5-year period that the case is pending; and (3) provide that when a debtor seeks to reduce a mortgage's principal, the court must determine whether such relief is in good faith based on whether debtor was offered a mortgage modification under the Administration's plan and the debtor was able to afford payments under such plan.
3/5/2009 12:56pm:: POSTPONED PROCEEDINGS - At the conclusion of debate on the Lofgren amendment, the Chair put the question on adoption of the amendment and by voice vote, announced the ayes had prevailed. Mr. Goodlatte demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
3/5/2009 12:57pm:: H.AMDT.25 Amendment (A002) offered by Mr. Price (GA). (consideration: CR H3014-3015, H3019-3020; text: CR H3014)
Amendment sought to provide that if a homeowner who has had a mortgage modified in a bankruptcy proceeding sells the home at a profit, the lender can recapture the amount of principal lost in the modification.
3/5/2009 12:57pm:: DEBATE - Pursuant to the provisions of H.Res. 190, the Committee of the Whole proceeded with 10 minutes of debate on the Price (GA) amendment.
3/5/2009 1:09pm:: POSTPONED PROCEEDINGS - At the conclusion of debate on the Price (GA) amendment, the Chair put the question on adoption of the amendment and by voice vote, announced the noes had prevailed. Mr. Price (GA) demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
3/5/2009 1:10pm:: H.AMDT.26 Amendment (A003) offered by Mr. Peters. (consideration: CR H3015-3017, H3020-3021; text: CR H3016)
Amendment preserves the requirement for credit counseling but would allow those who have received a foreclosure notice to file for bankruptcy as long as they have obtained the required credit counseling within 30 days after the bankruptcy filing.
3/5/2009 1:10pm:: DEBATE - Pursuant to the provisions of H.Res. 190, the Committee of the Whole proceed with 10 minutes of debate on the Peters amendment.
3/5/2009 1:20pm:: POSTPONED PROCEEDINGS - At the conclusion of debate on the Peters amendment the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Goodlatte demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day.
3/5/2009 1:21pm:: H.AMDT.27 Amendment (A004) offered by Ms. Titus. (consideration: CR H3017-3018; text: CR H3017)
An amendment numbered 4 printed in House Report 111-21 to require a servicer that receives an incentive payment under the Hope for Homeowners program to notify all mortgagors under mortgages they service who are "at-risk homeowners", that they may be eligible for the HOPE for Homeowners Program and how to obtain information regarding the program.
3/5/2009 1:21pm:: DEBATE - Pursuant to the provisions of H. Res. 190, the Committee of Whole proceeded with 10 minutes of debate on the Titus amendment.
3/5/2009 1:33pm:: H.AMDT.27 By unanimous consent, the Titus amendment was withdrawn.
3/5/2009 1:33pm:: Ms. Lofgren, Zoe moved that the Committee rise.
3/5/2009 1:33pm:: On motion that the Committee rise Agreed to without objection.
3/5/2009 1:34pm:: Committee of the Whole House on the state of the Union rises leaving H.R. 1106 as unfinished business.
3/5/2009 4:41pm:: Considered as unfinished business. (consideration: CR H3018-3024)
3/5/2009 4:41pm:: The House resolved into Committee of the Whole House on the state of the Union for further consideration.
3/5/2009 5:22pm:: H.AMDT.24 On agreeing to the Lofgren, Zoe amendment (A001) as modified Agreed to by recorded vote: 263 - 164 (Roll no. 100). (text as modified: CR H3001-3004)
3/5/2009 5:31pm:: H.AMDT.25 On agreeing to the Price (GA) amendment (A002) Failed by recorded vote: 211 - 218 (Roll no. 101).
3/5/2009 5:38pm:: H.AMDT.26 On agreeing to the Peters amendment (A003) Agreed to by recorded vote: 423 - 2 (Roll no. 102).
3/5/2009 5:39pm:: The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1106.
3/5/2009 5:39pm:: The previous question was ordered pursuant to the rule. (consideration: CR H3023)
3/5/2009 5:39pm:: The House adopted the amendments en gross as agreed to by the Committee of the Whole House on the state of the Union.
3/5/2009 5:41pm:: Mr. Price (GA) moved to recommit with instructions to Judiciary and Financial Services. (consideration: CR H3021-3023; text: CR H3021)
3/5/2009 5:41pm:: Floor summary: DEBATE - The House proceeded with 10 minutes of debate on the Price (GA) motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with an amendment adding a new title pertaining to limitations on use of funds for prevention and mitigation or mortgage forecloures.
3/5/2009 5:51pm:: The previous question on the motion to recommit with instructions was ordered without objection. (consideration: CR H3023)
3/5/2009 6:09pm:: On motion to recommit with instructions Failed by recorded vote: 182 - 242 (Roll no. 103).
3/5/2009 6:17pm:: On passage Passed by the Yeas and Nays: 234 - 191 (Roll no. 104).
3/5/2009 6:17pm:: Motion to reconsider laid on the table Agreed to without objection.
3/9/2009:: Received in the Senate.
3/11/2009:: Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.