S. 2386Senate110th Congress (2007-2009)In Committee

Mortgage and Rental Disaster Relief Act of 2007

Introduced November 16, 2007

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SenateIntro Referral Latest Action

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

November 16, 2007

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SenateIntro Referral

Introduced in Senate

November 16, 2007

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S14628-14630)

November 16, 2007

SenateIntro Referral

Read twice and referred to the Committee on Homeland Security and Governmental Affairs.

November 16, 2007

Floor Debate

7 members

What members said about S. 2386 on the floor

3 Republicans4 Democrats
Dianne Feinstein
Sen. Dianne FeinsteinD-CA · Nov 16, 2007

Mr. President. I rise today to introduce a series of bills, S. 2386, S. 2387, S. 2388, and S. 2390, designed to better prepare for catastrophic wildfires like the ones that recently devastated…

Orrin G. Hatch
Sen. Orrin G. HatchR-UT · Nov 16, 2007

Mr. President, today I join with Senators Rockefeller, Lott, and Kennedy to introduce the Medicare Quality Improvement Modernization Act of 2007, S. 2396. As background for my colleagues, Medicare's…

Ken Salazar
Sen. Ken SalazarD-CO · Nov 16, 2007

Mr. President, today I am introducing the Fountain Creek Feasibility Study Act of 2007. This bill is an important piece of a larger vision to transform and restore the Fountain Creek watershed, which…

Hillary Rodham Clinton
Sen. Hillary Rodham ClintonD-NY · Nov 16, 2007

Mr. President, I am here today to introduce legislation in honor of National Adoption Day that will address the needs of children waiting to be adopted from our Nation's foster care system. These are…

Norm Coleman
Sen. Norm ColemanR-MN · Nov 16, 2007

Mr. President, I rise today to introduce the Good Government Contractor Act of 2007. This legislation represents my continuing efforts targeting federal contractors with tax debt. For several years,…

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Pat Roberts
Sen. Pat RobertsR-KS · Nov 16, 2007

Mr. President, I rise today to offer legislation to protect the residents of Treece, Kansas from the potential danger of remaining in an area that is undergoing a Superfund cleanup. I commend my…

Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · Nov 16, 2007

Mr. President, I ask unanimous consent that the text of the joint resolution be printed in the Record.

Bill Text

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Introduced in SenateIssued November 16, 2007

II

110th CONGRESS

1st Session

S. 2386

IN THE SENATE OF THE UNITED STATES

November 16, 2007

Mrs. Feinstein (for herself and Mrs. Boxer) introduced the following bill; which was read twice and referred to the Committee on Homeland Security and Governmental Affairs

A BILL

To amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act, to authorize temporary mortgage and rental payments.

1.

Short title

This Act may be cited as the Mortgage and Rental Disaster Relief Act of 2007.

2.

Disaster relief

Section 408(c) of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5174(c)) is amended by adding at the end the following:

(5)

Temporary mortgage and rental payments

(A)

Definitions

In this paragraph—

(i)

the term adjusted gross income means the adjusted gross income (as that term is defined in section 62 of the Internal Revenue Code of 1986) of the relevant individual or household for the last taxable year that such individual or household filed a tax return; and

(ii)

the term financial hardship caused by a major disaster means that an individual or member of a household—

(I)

is employed by a business, or owns a business, located in the area for which the President declared the relevant major disaster;

(II)

became unemployed, or lost significant income, because the employer or business of that individual or member of a household has or, on the day before the date of the relevant major disaster, had a significant business relationship with a business located in the area for which the President declared the relevant major disaster; or

(III)

resides in the area for which the President declared the relevant major disaster and has suffered financially due to travel restrictions or station or road closures in effect after the date of that major disaster.

(B)

Authorization

In accordance with this paragraph, the President may provide assistance on a temporary basis in the form of mortgage or rental payments to or on behalf of individuals and households who, as a result of financial hardship caused by a major disaster, have received written notice of dispossession or eviction from a residence by reason of a foreclosure of any mortgage or lien, cancellation of any contract of sale, or termination of any lease, entered into before such major disaster.

(C)

Eligibility

(i)

Income

(I)

In general

Except as provided in subclause (II), an individual or household may receive assistance under this paragraph if the adjusted gross income of that individual or household was not more than $75,000.

(II)

Areas with a high cost of living

An individual or household that, on the day before the date of the relevant major disaster, resided in an area with a high cost of living, as determined by the President, may receive assistance under this paragraph if the adjusted gross income of that individual or household was not more than $100,000.

(ii)

Adjustment

The President shall adjust the limits established under clause (i) annually to reflect inflation.

(D)

Period of assistance

Assistance under this paragraph shall be provided for the duration of the period of financial hardship caused by a major disaster, not to exceed 18 months.

(E)

Procedures

(i)

In general

An individual or household seeking assistance under this paragraph shall submit an application in such manner and accompanied by such information as the President shall establish, which shall include a requirement that such an individual or household sign a statement indicating that individual or household meets the eligibility requirements under subparagraph (C).

(ii)

Lack of records

If an individual or household does not have access to records necessary to demonstrate eligibility under subparagraph (C), that individual or household shall submit such records not later than 6 months after the date that individual or household applies for assistance under this paragraph.

(iii)

Ineligible recipients

If an individual or household receives assistance under this paragraph and was not eligible to receive such assistance, that individual or household shall return the full amount of that assistance to the Government.

.

3.

Applicability

The amendment made by this Act shall apply to any major disaster (as that term is defined in section 102 of the Robert T. Stafford Disaster Relief and Emergency Assistance Act (42 U.S.C. 5122)) declared on or after October 21, 2007.