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5/22/2007--Passed House amended. Federal Housing Finance Reform Act of 2007 - Title I: Reform of Regulation of Enterprises and Federal Home Loan Banks - Subtitle A: Improvement of Safety and Soundness - (Sec. 101) Amends the Housing and Community Development Act of 1992 (Act) to establish, in place of the present Office of Federal Housing Enterprise Oversight, a Federal Housing Finance Agency (FHFA), headed by a Director (Director) possessing general supervisory and regulatory authority over the Federal National Mortgage Association (Fannie Mae), the Federal Home Loan Mortgage Corporation (Freddie Mac), and the federal home loan banks (&quot;the regulated entities&quot;). (Sec. 102) Requires the Director to establish standards for each regulated entity, especially standards relating to: (1) adequacy of internal controls and information systems; (2) independence and adequacy of internal audit systems; (3) management of credit and counterparty risk; (4) management of any asset and investment portfolio; (5) investments and acquisitions; and (6) overall risk management processes, particularly adequacy of oversight by senior management and the board of directors, and of processes and policies to identify and control material risks, including reputational risks. (Sec. 103) Establishes the Federal Housing Enterprise Board to advise the Director. (Sec. 104) Instructs the Director to require a regulated entity to: (1) submit a timely report upon its discovery that it has purchased or sold a fraudulent loan or financial instrument, or if it suspects a possible fraud relating to a purchase or sale of any loan or financial instrument; (2) establish and maintain procedures designed to discover such transactions; and (3) report annually the total value of charitable contributions made to nonprofit organizations. (Sec. 106) Instructs the Director to establish and collect from the regulated entities annual assessments to provide for FHFA costs and expenses. (Sec. 107) Authorizes the Director to appoint accountants, economists, specialists in financial markets or information technology, and examiners with respect to supervision and regulation of the regulated entities. Amends the Federal Home Loan Bank Act to subject federal home loan banks to examinations by the Director. (Sec. 108) Specifies factors the Director may consider when determining (as under present law) whether to prohibit the regulated entities from providing compensation to any executive officer of an entity that is not reasonable and comparable with compensation for employment in other similar businesses involving similar duties and responsibilities. Authorizes the Director to consider any relevant factors, including any wrongdoing on the officer's part. Authorizes the Director to require a regulated entity to withhold any payment, transfer, or disbursement of compensation to an executive officer, or to place such compensation in an escrow account, during the review of the compensation's reasonableness and comparability. (Sec. 109) Revises the Director's authority to provide for review of regulated entities by a rating organization. Authorizes the Director to contract with any entity the Director considers appropriate to conduct such a review. Repeals the requirement that such entity be a nationally recognized statistical rating organization. (Sec. 110) Requires each regulated entity to: (1) establish an Office of Minority and Women Inclusion, or designate an office to be responsible for carrying out all matters relating to diversity in management, employment, and business activities; and (2) develop standards and procedures to ensure inclusion and utilization of minorities and women, and minority- and women-owned businesses, in all the regulated entity's business activities. (Sec. 112) Declares that the submission to FHFA by any person of any information for any purpose in the course of any of FHFA supervisory or regulatory process shall not be construed as waiving, destroying, or otherwise affecting any privilege such person may claim with respect to such information under federal or state law as to any person or entity other than FHFA. (Sec. 113) Revises requirements governing risk-based capital requirements. Instructs the Director to establish risk-based capital requirements (as under present law) to ensure that the regulated entities, including the federal home loan banks, operate in a safe and sound manner, maintaining sufficient capital and reserves to support the risks that arise in their operations and management. (Sec. 114) Authorizes the Director to: (1) raise the minimum and critical capital levels governing the federal home loan banks as well as the other regulated entities; (2) make temporary minimum capital increases for a regulated entity; and (3) establish additional capital and reserve requirements for a particular program or activity. Allows the Director discretion to set the critical capital level for each federal home loan bank. (Sec. 115) Instructs the Director to establish standards by which the portfolio holdings of the regulated entities, or their rate of growth, will be deemed to be consistent with their mission and the safe and sound operations. Authorizes the Director, while monitoring the portfolio of each regulated entity, to require an entity to dispose of or acquire any asset, if consistent with the purposes of the Act. (Sec. 116) Sets forth corporate governance requirements for the regulated entities. (Sec. 117) Requires each each regulated entity to register its capital stock with the Securities and Exchange Commission. (Sec. 118) Amends the Federal Financial Institutions Examination Council Act of 1978 to include one representative of the FHFA on the Federal Financial Institutions Examination Council (FFIEC). (Sec. 119) Instructs the Director to study and report to Congress on the pricing, transparency, and reporting of Fannie Mae, Freddie Mac, and the federal home loan banks with regard to guarantee fees and analogous practices, transparency and reporting requirements of other participants in the business of mortgage purchases and securitization (including advances pricing practices by the federal home loan banks). Subtitle B: Improvement of Mission Supervision - (Sec. 132) Instructs the Director to require each regulated entity to obtain the Director's approval for any regulated entity product before initially offering it. (Sec. 133) Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to revise conforming loan limits. Requires loan limit adjustments for high-cost areas to: (1) the lesser of 150% of the foregoing limitation for a particular size residence; or (2) the amount equal to the median price in such area for such size residence. Applies such an adjustment only with respect to mortgages on which are based securities issued and sold by the corporation involved. Requires the Director to establish a housing price index method of assessing the national average one-family house price for use in adjusting such conforming loan limitations. Directs the Comptroller General to audit and report to Congress on the housing price index methodology established by the Director to determine whether it is accurate and appropriate. Instructs the Director to study and report in the Federal Register on: (1) the effect that restricting the conforming loan limits for high-cost areas only to mortgages on which Fannie Mae- and Freddie Mac-issued securities are based would have on the cost to borrowers for, and availability of, mortgages on housing in such high-cost areas; and (2) the extent to which Fannie Mae and Freddie Mac will be able to issue and sell securities based on such mortgages. (Sec. 134) Revises requirements for the annual housing report to specified congressional committees on the activities of each regulated entity. Requires a monthly survey of mortgage markets. Requires the Director to establish standards by which mortgages purchased and/or securitized shall be characterized as subprime solely for the purpose of complying with such report. (Sec. 135) Requires the regulated entities to study and report to Congress annually on the levels of affordable housing inventory, and their changes, throughout the United States. (Sec. 136) Requires the Director to establish standards that prohibit the regulated entities from issuing a mortgage unless the mortgagor furnishes a Social Security account number at the time of settlement. (Sec. 137) Instructs the Director (currently the Secretary) to establish, with respect to the mortgage purchases by the regulated entities, annual housing goals that measure single-family housing and multifamily special affordable housing for low-income families. Authorizes a regulated entity to petition the Director to reduce the level of any goal under specified conditions. (Sec. 138) Makes it a duty of each regulated entity to increase the liquidity of mortgage investments and improve the distribution of investment capital available for mortgage financing for underserved markets, including rural rental housing. (Sec. 139) Requires the Director, with respect to enforcing compliance with housing goals, to assign more than 125% credit toward achievement of housing goals for mortgage purchase activities of the regulated entities that comply with specified goal requirements and support: (1) housing that meets energy efficiency or environmental standards; or (2) housing that includes a licensed childcare center. Specifies steps the Director may take in enforcing compliance with housing goals, including cease-and-desist orders, civil money penalties, and prohibitions against an entity's offering of certain products or new activities, services, and undertakings. (Sec. 140) Requires the Director to establish and manage an affordable housing fund to provide formula grants to: (1) increase homeownership for extremely low-and very low-income families; (2) increase investment in housing in low-income areas, and areas designated as qualified census tracts or an area of chronic economic distress; (3) increase and preserve the supply of rental and owner-occupied housing for extremely low- and very low-income families; (4) increase investment in public infrastructure development in connection with housing assisted under this Act; and (5) leverage investments from other sources in affordable housing and in public infrastructure development in connection with housing assisted under this Act. Requires the Director to prohibit each regulated entity from redirecting costs of allocations to the originators of mortgages purchased or securitized by the entity. Designates permissible activities funded under the Affordable Housing Fund Grant. Restricts such grants to homebuyers who, prior to purchase, have: (1) completed a homeownership counseling program approved by the Director; and (2) demonstrated that they are lawfully present in the United States. Sets forth identification prerequisites for occupancy or assistance under the Affordable Housing Grant program. Requires all adult members of a household to provide personal identification in one of the following forms: (1) a Social Security card accompanied by a photo identification card issued by the federal or a state government; (2) a driver's license or identification card issued by a state; (3) a passport issued by the United States or a foreign government; and (4) a photo identification card issued by the Secretary of Homeland Security (acting through the Director of the United States Citizenship and Immigration Services). Directs the Secretary of Housing and Urban Development (HUD) to issue regulations establishing affordable housing needs formulas that reflect this Act. Sets forth requirements governing funding accountability and transparency. Directs the Comptroller General to study and report to Congress on the effects that the affordable housing fund will have on the availability and affordability of credit for homebuyers. (Sec. 142) Transfers certain enforcement authorities with respect to noncomplying regulated entities from the HUD Secretary to the Director. Revises grounds for issuance of charges in cease-and-desist proceedings. Grants the Director additional specified enforcement powers, including the power to impose civil money penalties. Subtitle C: Prompt Corrective Action - (Sec. 151) Requires the Director to establish: (1) capital classifications for the federal home loan banks; and (2) establish criteria for each such capital classification based on the amount and types of capital held by a bank and the risk-based, minimum, and critical capital levels for the banks. Identifies such classifications as adequately capitalized, undercapitalized, significantly undercapitalized, and critically undercapitalized. Specifies grounds for discretionary reclassification by the Director (as undercapitalized, significantly undercapitalized, or critically undercapitalized) of other regulated entities (Fannie Mae and Freddie Mac). Prohibits a regulated entity from making any capital distribution if, after making the distribution, it would be undercapitalized. (Sec. 152) Sets forth supervisory actions applicable to undercapitalized and significantly undercapitalized regulated entities, including mandatory monitoring; restriction of asset growth; and prior approval of acquisitions, new products, and new activities. (Sec. 154) Revises requirements for appointment of conservators for critically undercapitalized regulated entities, extending them to all regulated entities. Retains mandatory conservatorship authority in specified circumstances, but makes such authority discretionary in others. Allows the Director, at his or her discretion, to establish a conservatorship or receivership, as appropriate, for the purpose of reorganizing, rehabilitating, or winding up the affairs of a critically undercapitalized regulated entity, including one guilty of a criminal money laundering offense. Details the powers of the Director acting as conservator or receiver. Specifies procedures for the determination of claims against entities under a conservatorship or receivership. Amends the Federal Home Loan Bank Act with respect to the succession of federal home loan banks to declare that each federal home loan bank shall have succession until it is voluntarily merged with another bank under such Act, or until it is merged, reorganized, rehabilitated, liquidated, or otherwise wound up by the Director. Subtitle D: Enforcement Actions - (Sec. 161) Revises cease-and-desist proceeding requirements governing a regulated entity. (Sec. 163) Authorizes the Director to petition the court for a prejudgment attachment. (Sec. 164) Grants the Director authority to petition a U.S. district court directly for enforcement of orders, or request the Attorney General to do so. (Currently, the Director is limited to requesting the Attorney General to do so.) (Sec. 165) Revises the current three tiers of civil money penalties, applying them to all regulated entities, and doubling them. (Sec. 166) Grants the Director removal and prohibition authority with respect to a regulated entity-affiliated party, including authority to suspend. (Sec. 167) Sets forth criminal penalties for any person who, subject to a removal or prohibition order, and without the Director's prior approval, knowingly participates in the affairs of a regulated entity. (Sec. 168) Grants the Director subpoena power. Subtitle E: General Provisions - (Sec. 181) Amends the Federal National Mortgage Association Charter Act and the Federal Home Loan Mortgage Corporation Act to reduce the membership and revise requirements governing the Fannie Mae and Freddie Mac boards of directors, respectively. Eliminates the five members of each board appointed by the U.S. President. (Sec. 182) Instructs the Director of FHFA to report to Congress regarding: (1) the safety and soundness of the portfolio operations of the regulated entities; and (2) the effects on financial and housing finance markets of alternatives to the current secondary market system for housing finance. Title II: Federal Home Loan Banks - (Sec. 202) Amends the Federal Home Loan Bank Act to revise requirements governing the board of directors, including directors' compensation. Reduces board membership from 14 to 13. (Sec. 203) Replaces the Federal Housing Finance Board with the FHFA. Transfers from HUD to the FHFA oversight authority over federal home loan banks, including monitoring and enforcing compliance with affordable housing and community investment program requirements. (Sec. 204) Permits joint activities of federal home loan banks only if the banks are otherwise authorized to perform such functions or services individually. (Sec. 205) Requires the Director to prescribe regulations to ensure that each federal home loan bank has access to information it needs to determine the nature and extent of its joint and several liability. (Sec. 206) Authorizes the merger of any two or more federal home loan banks with the approval of the Director and of the boards of directors of the banks involved. (Sec. 207) Exempts federal home loan banks from specified disclosure requirements of the Securities Exchange Act of 1934, and bank members from compliance with such requirements regarding their ownership of, or transactions in, capital stock of the banks. (Sec. 208) Increases from $500 million to $1 billion the total asset requirement for a community financial institution. Allows such institutions to use advances for community development lending and community development loans as collateral for advances. (Sec. 210) Instructs the Comptroller General to study and report to Congress and FHFA on: (1) how and the extent to which affordable housing programs of the federal home loan banks are used to assist long-term care facilities for low- and moderate-income individuals; and (2) the effectiveness and adequacy of such assistance in meeting the needs of affected communities. Title III: Transfer of Functions, Personnel, and Property of Office of Federal Housing Enterprise Oversight, Federal Housing Finance Board, and Department of Housing and Urban Development - Subtitle A: Office of Federal Housing Enterprise Oversight - (Sec. 301) Abolishes the Office of Federal Housing Enterprise Oversight (OFHEO) of HUD, and transfers its functions, personnel, and property to FHFA.. Subtitle B: Federal Housing Finance Board - (Sec. 321) Abolishes the Federal Housing Finance Board, and transfers its functions, personnel, and property to FHFA. Subtitle C: Department of Housing and Urban Development - (Sec. 341) Directs the HUD Secretary to determine which enterprise-related functions, duties, activities, property, and personnel of the Secretary shall be transferred by this Act to FHFA. Sets forth transition procedures.<br/>

1179979200 2007-05-24 Thu Nov 06 19:56:13 -0600 2008 reported to house 41856 'act':5 '2007':7 'hous':2 'feder':1 'financ':3 'reform':4 46705 short introduced 41856 'act':5 '2007':7 'hous':2 'feder':1 'financ':3 'reform':4 44765 short introduced 41856 'hous':8 'regul':4 'relat':9 'govern':11 'purpos':17 'reform':2 'certain':6 'sponsor':12 'enterpris':13 'housing-rel':7 'government-sponsor':10 42130 official action 41856 1179979200 Thu May 24 00:00:00 -0500 2007 115584 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. F000339 1940-03-31 15342 2252 Rayburn House Office Building http://www.house.gov/writerep 4 202-225-0182 Barney 'd':4 '-4':6 'ma':5 'rep':1 'frank':3,8,10 'barney':2,7,9 M 400140 Frank Barney_Frank Rep. Barney Frank [D, MA-4] 7572 N00000275 18031 Democrat 202-225-5931 Jewish MA Barney Frank 2.58666666666667 http://www.house.gov/frank/ B000072 1948-05-22 1362 Richard 'baker':2,4,6 'richard':1,3,5 M 400012 Baker Richard_H._Baker Hugh Richard Baker 640 N00005407 3671 Republican Methodist Richard Baker M000087 1948-02-19 6061 2331 Rayburn House Office Building http://maloney.house.gov/index.php?option=com_email_form&Itemid=73 14 202-225-4709 Carolyn 'd':4 'ny':5 '-14':6 'rep':1 'carolyn':2,7,9 'maloney':3,8,10 F 400251 Maloney Carolyn_B._Maloney B. Rep. Carolyn Maloney [D, NY-14] 2961 N00000078 7719 Democrat 202-225-7944 Presbyterian NY Carolyn Maloney 2.2 http://maloney.house.gov/ M001139 1948-10-16 2486 2438 Rayburn House Office Building http://garymiller.house.gov/Contact/ 42 202-226-6962 Gary 'r':4 'ca':5 '-42':6 'rep':1 'gari':2,7,9 'miller':3,8,10 M 400277 Miller Gary_G._Miller Gene Rep. Gary Miller [R, CA-42] 707 N00006954 6139 Republican 202-225-3201 Christian CA Gary Miller 3.63636363636364 http://garymiller.house.gov/ T000459 1962-01-29 2367 1524 Longworth House Office Building http://www.house.gov/formleeterry/IMA/issue.htm 2 202-226-5452 Lee 'r':4 '-2':6 'ne':5 'lee':2,7,9 'rep':1 'terri':3,8,10 M 400400 Terry Lee_Terry R. Rep. Lee Terry [R, NE-2] 977 N00005321 6087 Republican 202-225-4155 Methodist NE Lee Terry http://leeterry.house.gov/ W000207 1945-08-26 1647 2236 Rayburn House Office Building http://www.house.gov/formwatt/IMA/issue_subscribe.htm 12 202-225-1512 Melvin 'd':4 'nc':5 '-12':6 'mel':9 'rep':1 'watt':3,8,11 'melvin':2,7,10 M 400424 Watt Melvin_L._Watt Luther Rep. Melvin Watt [D, NC-12] 395 Mel N00002328 5776 Democrat 202-225-1510 Presbyterian NC Mel Melvin Watt 0.473684210526316 http://www.house.gov/watt/ action 41856 1179979200 Thu May 24 00:00:00 -0500 2007 115584 Received in the Senate and Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. action 41856 1179892740 Tue May 22 12:59:00 -0500 2007 153019 UNFINISHED BUSINESS - The Chair announced that the unfinished business was the question of adoption of amendments which had been debated earlier and on which further proceedings had been postponed. action 41856 1179856680 Tue May 22 14:58:00 -0500 2007 113298 The Clerk was authorized to correct section numbers, punctuation, and cross references, and to make other necessary technical and conforming corrections in the engrossment of H.R. 1427. vote 41856 1179856680 Tue May 22 14:58:00 -0500 2007 roll 113297 pass On passage Passed by recorded vote: 313 - 104 (Roll no. 396). vote h action 41856 1179856260 Tue May 22 14:51:00 -0500 2007 113296 On motion to recommit with instructions Failed by recorded vote: 182 - 232 (Roll no. 395). action 41856 1179855180 Tue May 22 14:33:00 -0500 2007 113295 The previous question on the motion to recommit with instructions was ordered pursuant to the rule. action 41856 1179854460 Tue May 22 14:21:00 -0500 2007 113293 The House adopted the amendment in the nature of a substitute as agreed to by the Committee of the Whole House on the state of the Union. action 41856 1179854460 Tue May 22 14:21:00 -0500 2007 153020 DEBATE - The House proceeded with 10 minutes of debate on the Cantor motion to recommit with instructions. The instructions contained in the motion seek to require the bill to be reported back to the House with amendments offsetting the costs of providing assistance to individuals and families to increase home ownership for all Americans and inserting provisions on the use of fund amounts. action 41856 1179854460 Tue May 22 14:21:00 -0500 2007 113294 Mr. Cantor moved to recommit with instructions to Financial Services. action 41856 1179853260 Tue May 22 14:01:00 -0500 2007 113292 The previous question was ordered pursuant to the rule. action 41856 1179853200 Tue May 22 14:00:00 -0500 2007 113291 The House rose from the Committee of the Whole House on the state of the Union to report H.R. 1427. action 41856 1179849600 Tue May 22 13:00:00 -0500 2007 113289 Considered as unfinished business. action 41856 1179849600 Tue May 22 13:00:00 -0500 2007 113290 The House resolved into Committee of the Whole House on the state of the Union for further consideration. action 41856 1179502440 Fri May 18 00:34:00 -0500 2007 112746 Mr. Frank (MA) moved that the Committee rise. action 41856 1179502440 Fri May 18 00:34:00 -0500 2007 112748 Committee of the Whole House on the state of the Union rises leaving H.R. 1427 as unfinished business. action 41856 1179502440 Fri May 18 00:34:00 -0500 2007 112747 On motion that the Committee rise Agreed to by voice vote. action 41856 1179502380 Fri May 18 00:33:00 -0500 2007 153018 POSTPONED PROCEEDINGS - At the conclusion of debate on the Neugebauer amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Neugebauer demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. action 41856 1179501000 Fri May 18 00:10:00 -0500 2007 153017 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Neugebauer amendment under the five-minute rule. action 41856 1179500940 Fri May 18 00:09:00 -0500 2007 153016 POSTPONED PROCEEDINGS - At the conclusion of debate on the Hensarling amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Hensarling demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. action 41856 1179460440 Thu May 17 12:54:00 -0500 2007 112742 Rule H. Res. 404 passed House. action 41856 1179456960 Thu May 17 23:56:00 -0500 2007 153015 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Hensarling amendment #30 under the five-minute rule. action 41856 1179456480 Thu May 17 23:48:00 -0500 2007 153014 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Garrett (NJ) amendment under the five-minute rule. action 41856 1179456420 Thu May 17 23:47:00 -0500 2007 153013 POSTPONED PROCEEDINGS - At the conclusion of debate on the Doolittle amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Doolittle demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. action 41856 1179455760 Thu May 17 23:36:00 -0500 2007 153011 POSTPONED PROCEEDINGS - At the conclusion of debate on the Price (GA) amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Price (GA) demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. action 41856 1179455760 Thu May 17 23:36:00 -0500 2007 153012 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Doolittle amendment under the five-minute rule. action 41856 1179455520 Thu May 17 23:32:00 -0500 2007 153010 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Price (GA) amendment #9 under the five-minute rule. action 41856 1179455340 Thu May 17 23:29:00 -0500 2007 153009 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Gary Miller (CA) amendment. action 41856 1179454860 Thu May 17 23:21:00 -0500 2007 153008 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Hensarling amendment under the five-minute rule. action 41856 1179454440 Thu May 17 23:14:00 -0500 2007 153007 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Doolittle amendment #25 pending reservation of a point of order. action 41856 1179454380 Thu May 17 23:13:00 -0500 2007 153006 POSTPONED PROCEEDINGS - At the conclusion of debate on the Brady (TX) amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Brady (TX) demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. action 41856 1179453120 Thu May 17 22:52:00 -0500 2007 153005 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Brady (TX) amendment under the five-minute rule. action 41856 1179453060 Thu May 17 22:51:00 -0500 2007 153004 POSTPONED PROCEEDINGS - At the conclusion of debate on the Sessions amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Sessions demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. action 41856 1179451560 Thu May 17 22:26:00 -0500 2007 153003 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Sessions amendment under the five-minute rule. action 41856 1179451500 Thu May 17 22:25:00 -0500 2007 153002 POSTPONED PROCEEDINGS - At the conclusion of debate on the Price (GA) amendment #9, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Price (GA) demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. action 41856 1179450060 Thu May 17 22:01:00 -0500 2007 153001 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Price (GA) amendment #9 under the five-minute rule. action 41856 1179450000 Thu May 17 22:00:00 -0500 2007 153000 POSTPONED PROCEEDINGS - At the conclusion of debate on the Feeney amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Feeney demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until a time to be announced. action 41856 1179449460 Thu May 17 21:51:00 -0500 2007 152999 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Feeney amendment under the five-minute rule. action 41856 1179445920 Thu May 17 20:52:00 -0500 2007 152998 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Al Green of Texas amendment under five-minute rule. action 41856 1179445860 Thu May 17 20:51:00 -0500 2007 152997 POSTPONED PROCEEDINGS - At the conclusion of debate on the Garrett amendment no. 17, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Garrett demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day. action 41856 1179443700 Thu May 17 20:15:00 -0500 2007 152996 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Garrett of New Jersey amendment No. 17 under five-minute rule. action 41856 1179443280 Thu May 17 20:08:00 -0500 2007 152995 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Blumenauer amendment under five-minute rule. action 41856 1179443220 Thu May 17 20:07:00 -0500 2007 152994 POSTPONED PROCEEDINGS - At the conclusion of debate on the Roskam amendment the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Roskam demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day. action 41856 1179441240 Thu May 17 19:34:00 -0500 2007 152993 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Roskam amendment under five-minute rule. action 41856 1179441180 Thu May 17 19:33:00 -0500 2007 152992 POSTPONED PROCEEDINGS - At the conclusion of debate on the Kanjorski amendment no. 15, the Chair put the question on adoption of the amendment and by voice vote, announced that the ayes had prevailed. Mr. Feeney demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day. action 41856 1179440820 Thu May 17 19:27:00 -0500 2007 152991 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Kanjorski amendment no. 15 under five-minute rule. action 41856 1179440760 Thu May 17 19:26:00 -0500 2007 152990 POSTPONED PROCEEDINGS - At the conclusion of debate on the McHenry amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. McHenry demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day. action 41856 1179440400 Thu May 17 19:20:00 -0500 2007 152989 COMMITTEE OF THE WHOLE - The Committee of the Whole resumed its sitting. action 41856 1179440340 Thu May 17 19:19:00 -0500 2007 152988 COMMITTEE OF THE WHOLE - The Committee of the Whole rose informally to receive a message from the Senate. action 41856 1179439740 Thu May 17 19:09:00 -0500 2007 152987 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the McHenry amendment under five-minute rule. action 41856 1179439320 Thu May 17 19:02:00 -0500 2007 152986 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Frank of Massachussetts En Bloc Amendment under five-minute rule. action 41856 1179437460 Thu May 17 18:31:00 -0500 2007 152985 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Neugebauer amendment under five-minute rule. action 41856 1179437220 Thu May 17 18:27:00 -0500 2007 152984 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Hinojosa amendment under five-minute rule. action 41856 1179437100 Thu May 17 18:25:00 -0500 2007 152983 POSTPONED PROCEEDINGS - At the conclusion of debate on the Hensarling amendment no. 29, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Hensarling demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day. action 41856 1179436320 Thu May 17 18:12:00 -0500 2007 152982 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Hensarling amendment No. 29 under five-minute rule. action 41856 1179435840 Thu May 17 18:04:00 -0500 2007 152981 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Kanjorski amendment No. 22(1) under five-minute rule. action 41856 1179435660 Thu May 17 18:01:00 -0500 2007 152980 POSTPONED PROCEEDINGS - At the conclusion of debate on the Bachus amendment, the Chair put the question on adoption of the amendment and by voice vote, announced that the noes had prevailed. Mr. Bachus demanded a recorded vote and the Chair postponed further proceedings on the question of adoption of the amendment until later in the legislative day. action 41856 1179433140 Thu May 17 17:19:00 -0500 2007 152979 DEBATE - Pursuant to the provisions of H. Res. 404, the Committee of the Whole proceeded with debate on the Bachus amendment under five-minute rule. action 41856 1179428820 Thu May 17 16:07:00 -0500 2007 112745 The Speaker designated the Honorable Mike Ross to act as Chairman of the Committee. action 41856 1179428820 Thu May 17 16:07:00 -0500 2007 112744 House resolved itself into the Committee of the Whole House on the state of the Union pursuant to H. Res. 404 and Rule XVIII. action 41856 1179428820 Thu May 17 16:07:00 -0500 2007 152978 GENERAL DEBATE - The Committee of the Whole proceeded with one hour of general debate on H.R. 1427. action 41856 1179428760 Thu May 17 16:06:00 -0500 2007 152977 Rule provides for consideration of H.R. 1427 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by title. Bill is open to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill, modified by the amendment printed in the report of the Committee on Rules accompanying this resolution. action 41856 1179428760 Thu May 17 16:06:00 -0500 2007 112743 Considered under the provisions of rule H. Res. 404. action 41856 1179428760 Thu May 17 16:06:00 -0500 2007 152976 ORDER OF PROCEDURE - Mr. Spratt asked unanimous consent that, during further consideration of H.R. 1427 pursuant to H. Res. 404, the Chair may reduce to two minutes the minimum time for electronic voting under clause 6 of rule 18 and clauses 8 and 9 of rule 20. Agreed to without objection. action 41856 1179288000 Wed May 16 00:00:00 -0500 2007 112741 Sponsor introductory remarks on measure. (CR E1071) action 41856 1179275580 Tue May 15 21:33:00 -0500 2007 112740 Rules Committee Resolution H. Res. 404 Reported to House. Rule provides for consideration of H.R. 1427 with 1 hour of general debate. Previous question shall be considered as ordered without intervening motions except motion to recommit with or without instructions. Measure will be read by title. Bill is open to amendments. All points of order against consideration of the bill are waived except those arising under clause 9 or 10 of rule XXI. It shall be in order to consider as an original bill for the purpose of amendment under the five-minute rule the amendment in the nature of a substitute recommended by the Committee on Financial Services now printed in the bill, modified by the amendment printed in the report of the Committee on Rules accompanying this resolution. calendar 41856 1178760060 Wed May 09 22:21:00 -0500 2007 111553 Placed on the Union Calendar, Calendar No. 84. action 41856 1178760060 Wed May 09 22:21:00 -0500 2007 111552 Reported (Amended) by the Committee on Financial Services. H. Rept. 110-142. calendar 41856 1175140800 Thu Mar 29 00:00:00 -0500 2007 121113 Ordered to be Reported (Amended) by Voice Vote. action 41856 1175140800 Thu Mar 29 00:00:00 -0500 2007 111550 Committee Consideration and Mark-up Session Held. action 41856 1175140800 Thu Mar 29 00:00:00 -0500 2007 111551 Ordered to be Reported (Amended) by Voice Vote. action 41856 1175054400 Wed Mar 28 00:00:00 -0500 2007 133061 Committee Consideration and Mark-up Session Held. action 41856 1173416400 Fri Mar 09 00:00:00 -0600 2007 95819 Referred to the House Committee on Financial Services. introduced 41856 1173416400 Fri Mar 09 00:00:00 -0600 2007 95818 15 313 41856 Tue May 22 13:59:00 -0500 2007 true 3197 104 396 68 0 On Passage: H R 1427 Federal Housing Finance Reform Act false 1/2 Passed On Passage Thu Sep 13 11:20:03 -0500 2007 house 18 182 41856 Tue May 22 13:52:00 -0500 2007 false 3666 232 395 12 0 On Motion to Recommit with Instructions: H R 1427 Federal Housing Finance Reform Act true 1/2 Failed On Motion to Recommit with Instructions Thu Sep 13 11:19:25 -0500 2007 house 13 383 41856 Tue May 22 13:21:00 -0500 2007 true 3590 36 394 27 0 On Agreeing to the Amendment: Amendment 5 to H R 1427 true 1/2 Agreed to On Agreeing to the Amendment Thu Sep 13 11:18:46 -0500 2007 house 17 164 41856 Tue May 22 13:00:00 -0500 2007 false 3826 256 393 12 0 On Agreeing to the Amendment: Amendment 24 to H R 1427 true 1/2 Failed On Agreeing to the Amendment Thu Sep 13 11:18:08 -0500 2007 house 19 155 41856 Tue May 22 12:56:00 -0500 2007 false 3451 263 392 15 0 On Agreeing to the Amendment: Amendment 23 to H R 1427 true 1/2 Failed On Agreeing to the Amendment Thu Sep 13 11:17:32 -0500 2007 house 15 217 41856 Tue May 22 12:52:00 -0500 2007 false 4241 205 391 28 0 On Agreeing to the Amendment: Amendment 21 to H R 1427 true 1/2 Agreed to On Agreeing to the Amendment Thu Sep 13 11:16:54 -0500 2007 house 14 180 41856 Tue May 22 12:47:00 -0500 2007 false 3039 243 390 16 0 On Agreeing to the Amendment: Amendment 20 to H R 1427 true 1/2 Failed On Agreeing to the Amendment Thu Sep 13 11:16:15 -0500 2007 house 14 163 41856 Tue May 22 12:42:00 -0500 2007 false 3091 260 389 15 0 On Agreeing to the Amendment: Amendment 16 to H R 1427 true 1/2 Failed On Agreeing to the Amendment Thu Sep 13 11:15:36 -0500 2007 house 14 183 41856 Tue May 22 12:38:00 -0500 2007 false 3436 240 388 15 0 On Agreeing to the Amendment: Amendment 15 to H R 1427 true 1/2 Failed On Agreeing to the Amendment Thu Sep 13 11:14:58 -0500 2007 house 14 235 41856 Tue May 22 12:33:00 -0500 2007 false 4034 188 387 37 0 On Agreeing to the Amendment: Amendment 14 to H R 1427 true 1/2 Agreed to On Agreeing to the Amendment Thu Sep 13 11:14:21 -0500 2007 house 17 174 41856 Tue May 22 12:25:00 -0500 2007 false 3061 246 386 14 0 On Agreeing to the Amendment: Amendment 13 to H R 1427 true 1/2 Failed On Agreeing to the Amendment Thu Sep 13 11:13:44 -0500 2007 house 23 92 41856 Thu May 17 20:46:00 -0500 2007 false 3761 322 383 25 0 On Agreeing to the Amendment: Amendment 11 to H R 1427 false 1/2 Failed On Agreeing to the Amendment Thu Sep 13 11:11:53 -0500 2007 house 19 173 41856 Thu May 17 20:42:00 -0500 2007 false 2654 245 382 16 0 On Agreeing to the Amendment: Amendment 9 to H R 1427 true 1/2 Failed On Agreeing to the Amendment Thu Sep 13 11:11:16 -0500 2007 house 20 154 41856 Thu May 17 20:38:00 -0500 2007 true 3162 263 381 30 0 On Agreeing to the Amendment: Amendment 8 to H R 1427 false 1/2 Failed On Agreeing to the Amendment Thu Sep 13 11:10:40 -0500 2007 house 21 176 41856 Thu May 17 20:33:00 -0500 2007 false 3012 240 380 15 0 On Agreeing to the Amendment: Amendment 7 to H R 1427 true 1/2 Failed On Agreeing to the Amendment Thu Sep 13 11:10:04 -0500 2007 house 20 164 41856 Thu May 17 20:29:00 -0500 2007 false 4194 253 379 15 0 On Agreeing to the Amendment: Amendment 3 to H R 1427 true 1/2 Failed On Agreeing to the Amendment Thu Sep 13 11:09:27 -0500 2007 house 20 148 41856 Thu May 17 20:25:00 -0500 2007 false 2684 269 378 22 0 On Agreeing to the Amendment: Amendment 1 to H R 1427 true 1/2 Failed On Agreeing to the Amendment Thu Sep 13 11:08:49 -0500 2007 house