I 
113TH CONGRESS 
2D SESSION 
H. R. 4255 
To require the Federal Housing Finance Agency to establish a 6-month 
moratorium on foreclosure of mortgages guaranteed by Fannie Mae or 
Freddie Mac on homes of individuals who have lost Federal unemploy-
ment insurance as a result of the expiration of such program, and 
for other purposes. 
IN THE HOUSE OF REPRESENTATIVES 
MARCH 14, 2014 
Mr. CARTWRIGHT (for himself, Mr. HORSFORD, Mr. CONNOLLY, Mr. GEORGE 
MILLER of California, Mrs. NAPOLITANO, Mr. GRIJALVA, Mr. VAN HOL-
LEN, Mr. NOLAN, Ms. HAHN, Ms. SLAUGHTER, Ms. LEE of California, 
Mr. FARR, Mr. HONDA, Ms. LORETTA SANCHEZ of California, Ms. 
ESHOO, Ms. SPEIER, Mr. HASTINGS of Florida, Mr. JOHNSON of Geor-
gia, Mr. TONKO, Mr. FATTAH, Mr. BRADY of Pennsylvania, Ms. JACKSON 
LEE, Ms. EDDIE BERNICE JOHNSON of Texas, Mr. LYNCH, Ms. 
BONAMICI, Mr. DEFAZIO, Mr. COHEN, Mr. CA´RDENAS, Ms. KAPTUR, Mr. 
RUSH, Mr. GARCIA, Mr. NEAL, Ms. PINGREE of Maine, Mr. ELLISON, 
Mr. PALLONE, Mr. LANGEVIN, Ms. NORTON, Mr. DOYLE, Ms. CHU, Mr. 
THOMPSON of California, Mr. CONYERS, Ms. CLARK of Massachusetts, 
Mr. RANGEL, Ms. WILSON of Florida, Ms. SHEA-PORTER, Ms. LOFGREN, 
Ms. BROWN of Florida, Mr. CARSON of Indiana, Ms. VELA´ZQUEZ, Mr. 
TAKANO, Mr. RUPPERSBERGER, Ms. ROYBAL-ALLARD, Mr. GENE GREEN 
of Texas, Mr. CLAY, and Ms. DELAURO) introduced the following bill; 
which was referred to the Committee on Financial Services 
A BILL 
To require the Federal Housing Finance Agency to establish 
a 6-month moratorium on foreclosure of mortgages guar-
anteed by Fannie Mae or Freddie Mac on homes of 
individuals who have lost Federal unemployment insur-
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ance as a result of the expiration of such program, 
and for other purposes. 
Be it enacted by the Senate and House of Representa-
tives of the United States of America in Congress assembled, 
SECTION 1. SHORT TITLE. 
This Act may be cited as the ‘‘Stop Foreclosures Due 
to Congressional Dysfunction Act of 2014’’. 
SEC. 2. MORTGAGE FORECLOSURE MORATORIUM. 
(a) MORATORIUM.—The Director of the Federal 
Housing Finance Agency shall prohibit mortgagees of eli-
gible mortgages under subsection (c) from initiating a 
foreclosure, whether judicial or nonjudicial, or taking any 
action in furtherance of a foreclosure already initiated, in-
cluding any foreclosure sale, with respect to any eligible 
mortgage during the foreclosure moratorium period under 
subsection (d) for such eligible mortgage. 
(b) TREATMENT
OF MORTGAGE PAYMENTS DUE 
DURING FORECLOSURE MORATORIUM PERIOD.— 
(1) DEFERRAL OF MORTGAGE PAYMENTS; IN-
TEREST DUE.—The Director shall provide that, dur-
ing the foreclosure moratorium period with respect 
to an eligible mortgage— 
(A) the term of the mortgage shall toll; 
(B) any payments of principal and interest 
due under the mortgage shall be deferred; and 
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(C) interest on outstanding principal due 
under the mortgage shall continue to accrue at 
the rate provided for under the mortgage. 
(2) RESUMPTION
OF
MORTGAGE
PAYMENTS; 
AMORTIZATION OF INTEREST ACCRUED.—The Direc-
tor shall provide that, upon the expiration of the 
foreclosure moratorium period with respect to an eli-
gible mortgage— 
(A) the term of the mortgage, and the re-
sponsibility of the mortgagor to make payments 
of principal and interest due under the mort-
gage, shall resume; and 
(B) any interest accrued pursuant to para-
graph (1)(C) shall be amortized, and payable, 
over the remaining term of the mortgage. 
(c) ELIGIBLE MORTGAGE.—An eligible mortgage 
under this subsection is a mortgage that— 
(1) is owned, held, securitized, or guaranteed by 
the Federal National Mortgage Association or the 
Federal Home Loan Mortgage Corporation; 
(2) is a mortgage on a 1- to 4-family residence 
that is the principal residence of the mortgagor; 
(3) was current with respect to payments of 
principal and interest, and any taxes, insurance, and 
other amounts required to be paid in escrow, that 
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were due under the mortgage as of the beginning of 
the foreclosure moratorium period with respect to 
such eligible mortgage; and 
(4) has a mortgagor who— 
(A)(i) received extended compensation or 
additional compensation for a week of unem-
ployment ending at any time during the 7-day 
period ending January 1, 2014; 
(ii) has exhausted all rights to regular 
compensation under the unemployment com-
pensation law of a State at any time during the 
period beginning January 1, 2014, and ending 
on the date of enactment of this Act and has 
remained continuously unemployed throughout 
such period; or 
(iii) exhausts all rights to regular com-
pensation under the unemployment compensa-
tion law of a State at any time during the pe-
riod beginning on the date of enactment of this 
Act and ending on July 1, 2014; and 
(B) as of the beginning of the foreclosure 
moratorium period with respect to such eligible 
mortgage, has a ratio of debt to income, as de-
termined in accordance with such requirements 
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as the Director shall establish, that was greater 
than 40 percent. 
(d) FORECLOSURE
MORATORIUM
PERIOD.—The 
foreclosure moratorium period under this subsection with 
respect to an eligible mortgage shall be the 6-month period 
beginning upon— 
(1) in the case of an eligible mortgage of a 
mortgagor described in clause (i) or (ii) of sub-
section (c)(4)(A), the date of the enactment of this 
Act; and 
(2) in the case of an eligible mortgage of a 
mortgagor described in clause (iii) of subsection 
(c)(4)(A), the date on which such mortgagor ex-
hausts all rights to regular compensation under the 
unemployment compensation law of a State. 
(e) DEFINITIONS.—For purposes of this section, the 
following definitions shall apply: 
(1) DIRECTOR.—The term ‘‘Director’’ means 
the Director of the Federal Housing Finance Agen-
cy. 
(2) ELIGIBLE MORTGAGE.—The term ‘‘eligible 
mortgage’’ means a mortgage that meets the re-
quirements of subsection (c). 
(3) FORECLOSURE MORATORIUM PERIOD.—The 
term ‘‘foreclosure moratorium period’’ means, with 
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respect to an eligible mortgage, the period specified 
in subsection (d) for the mortgage. 
(4) MORTGAGEE.—The term ‘‘mortgagee’’ in-
cludes, with respect to an eligible mortgage, any 
creditor, servicer, or holder of such eligible mort-
gage, and any other person acting on behalf of any 
such creditor, servicer, or holder. 
(5) REGULAR COMPENSATION; EXTENDED COM-
PENSATION; 
ADDITIONAL
COMPENSATION.—The 
terms ‘‘regular compensation’’, ‘‘extended compensa-
tion’’, and ‘‘additional compensation’’ have the 
meanings given such terms in section 205 of the 
Federal-State Extended Unemployment Compensa-
tion Act of 1970 (26 U.S.C. 3304 note). 
Æ 
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