To ensure the cap on Home Equity Conversion Mortgages is not permanently eliminated before a study regarding program costs and credits is submitted to Congress.
Sen. Tom Coburn (R-OK)Legislative Activity
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Senate amendment submitted
December 14, 2007
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Senate amendment submitted
December 14, 2007
Senate amendment not agreed to: Amendment SA 3854 not agreed to in Senate by Voice Vote.
December 14, 2007
Senate amendment proposed (on the floor): Amendment SA 3854 proposed by Senator Coburn.(consideration: CR S15585-15592; text: CR S15586)
December 14, 2007
Amendment SA 3854 proposed by Senator Coburn. (consideration: CR S15585-15592; text: CR S15586) To ensure the cap on Home Equity Conversion Mortgages is not permanently eliminated before a study regarding program costs and credits is submitted to Congress.
December 14, 2007
Amendment SA 3854 not agreed to in Senate by Voice Vote.
December 14, 2007
Text
Submitted
SA 3854. Mr. COBURN proposed an amendment to the bill S. 2338, to modernize and update the National Housing Act and enable the Federal Housing Administration to more effectively reach underserved borrowers, and for other purposes; as follows: On page 20, between lines 18 and 19, insert the following: (e) Effective Date.--The amendment made by subsection (a)(2)(A) shall not take effect until the study and report required under subsection (d) has been submitted to Congress. ______