S. 911Senate111th Congress (2009-2011)In Committee

Promoting Mortgage Responsibility Act

Introduced April 28, 2009

Legislative Activity

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2 earlier actions
SenateIntro Referral Latest Action

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

April 28, 2009

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SenateIntro Referral

Introduced in Senate

April 28, 2009

SenateIntro Referral

Sponsor introductory remarks on measure. (CR S4812-4813)

April 28, 2009

SenateIntro Referral

Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

April 28, 2009

Floor Debate

13 members

What members said about S. 911 on the floor

5 Republicans8 Democrats
Judd Gregg
Sen. Judd GreggR-NH · Apr 28, 2009

Mr. President, I rise to speak about the soon to be pending issue of the budget. We are told that the Democratic membership of the House and Senate reached agreement last night on the budget…

Edward M. Kennedy
Sen. Edward M. KennedyD-MA · Apr 28, 2009

Mr. President, hate crimes harm innocent victims, terrorize entire communities, and threaten the very fabric of our nation. They send a poisonous message that some Americans deserve to be victimized…

Susan M. Collins
Sen. Susan M. CollinsR-ME · Apr 28, 2009

Mr. President. I am pleased to join Senator Carper in reintroducing a bill that will improve agency performance and Congressional oversight of major federal information-technology, IT, projects. We…

Arlen Specter
Sen. Arlen SpecterD-PA · Apr 28, 2009

Mr. President, the bill that I am introducing today would authorize the establishment of the Cures Acceleration Network, CAN. This new $2 billion agency would provide funds to translate research…

Jim Bunning
Sen. Jim BunningR-KY · Apr 28, 2009

Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. Mr. President, what is the order of business? Are we in morning business? Mr. President, I have a statement…

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Patrick J. Leahy
Sen. Patrick J. LeahyD-VT · Apr 28, 2009

Mr. President, this is National Crime Victims' Rights Week--a time when communities in Vermont and across the Nation recognize the needs of crime victims, and work together to promote victims' rights…

Thomas R. Carper
Sen. Thomas R. CarperD-DE · Apr 28, 2009

Mr. President, I rise today to introduce two bills, S. 920 and S. 921, that I believe could represent the most sweeping reforms of government information technology management reform we've considered…

Dianne Feinstein
Sen. Dianne FeinsteinD-CA · Apr 28, 2009

I wish today to support the Matthew Shepard Hate Crimes Prevention Act of 2009. I want to thank and commend my friend and colleague, Senator Kennedy, for his leadership and dedication on this…

Bill Nelson
Sen. Bill NelsonD-FL · Apr 28, 2009

Mr. President, I rise in support of the nomination of Gov. Kathleen Sebelius to be Secretary of HHS. I do so enthusiastically. I do so as a personal friend of Kathleen's. I do so as a fellow public…

Jeff Merkley
Sen. Jeff MerkleyD-OR · Apr 28, 2009

Mr. President, I am introducing two pieces of legislation to address the very heart of our economic crisis--the housing market and the deceptive lending practices that have placed millions of homes…

Jeff Merkley
Sen. Jeff MerkleyD-OR · Apr 28, 2009

Mr. President, I am introducing two pieces of legislation to address the very heart of our economic crisis--the housing market and the deceptive lending practices that have placed millions of homes…

Daniel K. Akaka
Sen. Daniel K. AkakaD-HI · Apr 28, 2009

Mr. President, I am today introducing the proposed Clarification of Characteristics of Combat Service Act of 2009. This legislation is designed to address concerns which have been noted during the…

John Cornyn
Sen. John CornynR-TX · Apr 28, 2009

Mr. President, I rise to introduce the Workforce Health Improvement Program Act of 2009, otherwise known as the WHIP Act. This bipartisan bill I introduce today is the same legislation I introduced…

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Judd Gregg
Sen. Judd GreggR-NH · Apr 28, 2009

Mr. President, I rise today to introduce legislation that provides the President with extraordinary, but critical authority under section 451 of the Foreign Assistance Act of 1961 with respect to…

Jeff Merkley
Sen. Jeff MerkleyD-OR · Apr 28, 2009

Mr. President, I ask unanimous consent that the order for the quorum call be rescinded. I thank the Chair. (The remarks of Mr. Merkley pertaining to the introduction of S. 911 are printed in today's…

Roger F. Wicker
Sen. Roger F. WickerR-MS · Apr 28, 2009

Mr. President, I ask unanimous consent that the order for the quorum call be rescinded.

Bill Text

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Introduced in SenateIssued April 28, 2009

II

111th CONGRESS

1st Session

S. 911

IN THE SENATE OF THE UNITED STATES

April 28, 2009

Mr. Merkley introduced the following bill; which was read twice and referred to the Committee on Banking, Housing, and Urban Affairs

A BILL

To amend the Truth in Lending Act to prohibit prepayment penalties, and for other purposes.

1.

Short title

This Act may be cited as the Promoting Mortgage Responsibility Act.

2.

Prohibition on prepayment penalties

The Truth in Lending Act (15 U.S.C. 1601 et seq.) is amended by inserting after section 129A the following new section:

129B.

Prohibition on prepayment penalties

No prepayment fees or penalties shall be charged or collected under the terms of any consumer credit transaction secured by an owner-occupied principal dwelling of the consumer. Any prepayment penalty in violation of this section shall be unenforceable.

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