| My Vote | All Votes |
 | Ayes:15 |
 | Nays:12 |
Mortgage Forgiveness Debt Relief Act of 2007
To amend the Internal Revenue Code of 1986 to exclude discharges of indebtedness on principal residences from gross income, and for other purposes.
Other Bill Titles
- Official: To amend the Internal Revenue Code of 1986 to exclude discharges of indebtedness on principal residences from gross income, and for other purposes. as introduced.
- Short: Mortgage Forgiveness Debt Relief Act of 2007 as enacted.
- Short: Mortgage Forgiveness Debt Relief Act of 2007 as passed senate.
- Short: Mortgage Forgiveness Debt Relief Act of 2007 as passed house.
- Short: Mortgage Forgiveness Debt Relief Act of 2007 as reported to house.
12/20/2007--Public Law. (This measure has not been amended since it was passed by the Senate on December 14, 2007. The summary of that version is repeated here.)
Mortgage Forgiveness Debt Relief Act of 2007 - Amends the Internal Revenue Code to exclude from gross income amounts attribu more...
Voting History
| Date | Chamber | Question | Aye | Nay | Result |
|---|
| October 04, 2007 |
House |
On Passage: H R 3648 Mortgage Forgiveness Debt Relief Act of 2007. |
386 |
27 |
Passed |
Details |
| October 04, 2007 |
House |
On Motion to Recommit with Instructions: H R 3648 Mortgage Forgiveness Debt Relief Act of 2007. |
201 |
212 |
Failed |
Details |
| October 04, 2007 |
House |
On Passage: H R 3648 Mortgage Forgiveness Debt Relief Act of 2007. |
386 |
27 |
Passed |
Details |
| October 04, 2007 |
House |
On Motion to Recommit with Instructions: H R 3648 Mortgage Forgiveness Debt Relief Act of 2007. |
201 |
212 |
Failed |
Details |
All Bill Actions
- Enacted on Dec 20, 2007. Became Public Law No: 110-142.
- Signed on Dec 20, 2007.
- Dec 19, 2007. Presented to President.
- Dec 18, 2007: On motion that the House suspend the rules and agree to the Senate amendment Agreed to by voice vote.
- Dec 18, 2007: DEBATE - The House proceeded with forty minutes of debate on the motion to suspend the rules and agree to the Senate amendment to H.R.3648.
- Dec 18, 2007: Mrs. Jones (OH) moved that the House suspend the rules and agree to the Senate amendment.
- Dec 18, 2007. Cleared for White House.
- Dec 14, 2007: Message on Senate action sent to the House.
- Passed by Unanimous Consent in the Senate on Dec 14, 2007. Passed Senate with an amendment by Unanimous Consent.
- Dec 14, 2007: Measure laid before Senate by unanimous consent.
- Dec 14, 2007: Senate Committee on Finance discharged by Unanimous Consent.
- Oct 04, 2007: Rule H. Res. 703 passed House.
- Passed roll in the House on Oct 04, 2007. On passage Passed by recorded vote: 386 - 27 (Roll No. 948).
- Passed roll in the House on Oct 04, 2007. On passage Passed by the Yeas and Nays: 386 - 27 (Roll No. 948).
- Oct 04, 2007: On motion to recommit with instructions Failed by the Yeas and Nays: 201 - 212, 1 Present (Roll no. 947).
- Oct 04, 2007: The previous question on the motion to recommit with instructions was ordered without objection.
- Oct 04, 2007: DEBATE - The House proceeded with ten 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 an amendment striking sections 5 and 6 from the bill.
- Oct 04, 2007: Mr. Cantor moved to recommit with instructions to Ways and Means.
- Oct 04, 2007: The previous question was ordered pursuant to the rule.
- Oct 04, 2007: DEBATE - The House proceeded with one hour of debate on H.R. 3648.
- Oct 04, 2007: Rule provides for consideration of H.R. 3648 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 considered read. Bill is closed to amendments. The amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill, modified by the amendment printed in the report of the Committee on Rules accompanying this resolution, shall be considered as adopted.
- Oct 04, 2007: Considered under the provisions of rule H. Res. 703.
- Oct 04, 2007: Received in the Senate and Read twice and referred to the Committee on Finance.
- Oct 02, 2007: Rules Committee Resolution H. Res. 703 Reported to House. Rule provides for consideration of H.R. 3648 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 considered read. Bill is closed to amendments. The amendment in the nature of a substitute recommended by the Committee on Ways and Means now printed in the bill, modified by the amendment printed in the report of the Committee on Rules accompanying this resolution, shall be considered as adopted.
- Added to calendar on Oct 01, 2007: Placed on the Union Calendar, Calendar No. 220..
- Oct 01, 2007: Reported (Amended) by the Committee on Ways and Means. H. Rept. 110-356.
- Added to calendar on Sep 26, 2007: Ordered to be Reported (Amended) by Voice Vote..
- Sep 26, 2007: Committee Consideration and Mark-up Session Held.
- Sep 25, 2007: Referred to the House Committee on Ways and Means.
- Introduced on Sep 25, 2007.
Bill Status
Amendments to H.R.3648
| Number |
Status |
Purpose |
| H.Amdt842 |
Offered |
Pursuant to the provisions of H. Res. 703, the amendment in the nature of a substitute recommended by the Committee on Ways and Means, modified by the amendment printed in the report of the Committee on Rules, is adopted. |
| S.Amdt.3856 |
Pass |
In the nature of a substitute. |
Bill Status
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| Introduced |  | Voted on by House | | Voted on by Senate | | Considered By President | | This Bill Has Become Law |
| September 25, 2007 | October 04, 2007 | December 14, 2007 | December 20, 2007 | December 20, 2007 |
In the News
The Mortgage Forgiveness Debt Relief Act of 2007, HR 3648, protects homeowners from paying taxes on cancelled mortgage debt. This means that homeowners who ...
Source: PR Web (press release), WA
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"President Bush has provided a much needed solution to the national foreclosure problem in signing HR 3648 -- The Mortgage Forgiveness Debt Relief Act of ...
Source: Primenewswire (press release), CA
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"President Bush has provided a much needed solution to the national foreclosure problem in signing HR 3648 -- The Mortgage Forgiveness Debt Relief Act of ...
Source: StreetInsider.com (subscription), MI
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Blog Coverage
President Bush signed HR 3648, the âMortgage Forgiveness Debt Relief Act of 2007 on December 20th 2007. This act revises the IRS tax code and removes your tax liability for the âshortâ part of the payoff on your existing home. ...
Final Update Regarding Proposed Changes to Section 121 I previously posted about h proposed new member to Section 121 of the Internal Revenue linktrack that was included his HR 3648 known. Take advantage had two immigration and ...
The most interesting piece of new legislation I've seen is the Mortgage Forgiveness Debt Relief Act of 2007 (HR 3648) which snuck in quietly in late 2007. If the borrower meets certain criteria, the debt cancelled will not be treated as ...
354 more posts...
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Comments
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If I am prsently doing a non-recourse short sale is H.R. 3648 a California law so that I don't get a 1099 from the lender.
I am on social security disability, have a predatory loan. I am 3 months behind in my mortgage payments, and wish to refi. Can I participate with indebtness program?
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