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Text of H.R.5796

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HR 5796 IH

110th CONGRESS

2d Session

H. R. 5796

To provide funding for the Neighborhood Reinvestment Corporation for mortgage foreclosure mitigation activities.

IN THE HOUSE OF REPRESENTATIVES

April 15, 2008

Ms. CLARKE introduced the following bill; which was referred to the Committee on Appropriations


A BILL

To provide funding for the Neighborhood Reinvestment Corporation for mortgage foreclosure mitigation activities.

    Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the `Foreclosure Prevention Act of 2008'.

SEC. 2. HOUSING COUNSELING RESOURCES.

    There are appropriated out of any money in the Treasury not otherwise appropriated for the fiscal year 2008, for an additional amount for the `Neighborhood Reinvestment Corporation--Payment to the Neighborhood Reinvestment Corporation' $100,000,000, to remain available until September 30, 2008, for foreclosure mitigation activities under the terms and conditions contained in the second undesignated paragraph (beginning with the phrase `For an additional amount') under the heading `Neighborhood Reinvestment Corporation--Payment to the Neighborhood Reinvestment Corporation' of Public Law 110-161.

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