Rural Housing Preservation and Stabilization Act of 2010

Bill: 111-hr-5017
Sponsor: Rep. Kanjorski, Paul E. [D-PA-11]
Introduced: 2010-04-14 in the House
Policy area: Housing and Community Development
Subjects: Budget process
Government lending and loan guarantees
Housing and community development funding
Rural conditions and development
User charges and fees

Summary:
action_date: 2010-04-14
text: 
Rural Housing Preservation and Stabilization Act of 2010 - Amends the Housing Act of 1949 and the Doug Bereuter Section 502 Single Family Housing Loan Guarantee Act to: (1) increase from up to 1% to up to 3.5% the guarantee fee on loans for housing and buildings on adequate farms; and (2) authorize the Secretary of Agriculture to collect an annual fee, during the term of such a loan, of up to 0.5% of its outstanding principal balance.
 
Amends the Agriculture, Rural Development, Food and Drug Administration and Related Agencies Appropriation Act, 2001 to repeal the maximum limit on the loan guarantee fee of 2%.
 
Amends the Housing Act of 1949 to authorize the Secretary to guarantee such loans in aggregate amounts of up to $30 billion for FY2010 and each ensuing fiscal year.

action_date: 2010-04-27
text: 
Rural Housing Preservation and Stabilization Act of 2010 - Amends the Housing Act of 1949 and the Doug Bereuter Section 502 Single Family Housing Loan Guarantee Act to increase from up to 1% to up to 4% the guarantee fee on loans for housing and buildings on adequate farms.
 
Amends the Agriculture, Rural Development, Food and Drug Administration and Related Agencies Appropriation Act, 2001 to repeal the maximum limit on the loan guarantee fee of 2%.
 
Amends the Housing Act of 1949 to authorize the Secretary to guarantee such loans in aggregate amounts of up to $30 billion for FY2010.
 
Declares that the budgetary effects of this Act, in order to comply with the Statutory Pay-As-You-Go Act of 2010, shall be determined by reference to the latest statement titled &quot;Budgetary Effects of PAYGO Legislation&quot; for this Act, submitted for printing in the Congressional Record by the Chairman of the Committee on the Budget of the House of Representatives, provided that such statement has been submitted before the vote on passage.
 


Legislative actions:
action_date: 2010-04-28
text: Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
action_date: 2010-04-27
text: Motion to reconsider laid on the table Agreed to without objection.
action_date: 2010-04-27
text: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 352 - 62 (Roll no. 225). (text: CR H2907-2908)
action_date: 2010-04-27
text: Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by the Yeas and Nays: (2/3 required): 352 - 62 (Roll no. 225).(text: CR H2907-2908)
action_date: 2010-04-27
text: Considered as unfinished business. (consideration: CR H2913)
action_date: 2010-04-27
text: At the conclusion of debate, the Yeas and Nays were demanded and ordered. Pursuant to the provisions of clause 8, rule XX, the Chair announced that further proceedings on the motion would be postponed.
action_date: 2010-04-27
text: DEBATE - The House proceeded with forty minutes of debate on H.R. 5017.
action_date: 2010-04-27
text: Considered under suspension of the rules. (consideration: CR H2907-2909)
action_date: 2010-04-27
text: Mr. Kanjorski moved to suspend the rules and pass the bill, as amended.
action_date: 2010-04-27
text: Ordered to be Reported (Amended) by Voice Vote.
action_date: 2010-04-27
text: Committee Consideration and Mark-up Session Held.
action_date: 2010-04-22
text: Ordered to be Reported (Amended) by Voice Vote.
action_date: 2010-04-22
text: Committee Consideration and Mark-up Session Held.
action_date: 2010-04-14
text: Referred to the House Committee on Financial Services.
action_date: 2010-04-14
text: Introduced in House
action_date: 2010-04-14
text: Introduced in House