Mortgage and Rental Disaster Relief Act of 2007

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

11/16/2007--Introduced.
Mortgage and Rental Disaster Relief Act of 2007 - Amends the Robert T. Stafford Disaster Relief and Emergency Assistance Act to authorize the President to provide temporary assistance 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 because of a foreclosure of mortgage or lien, cancellation of sales contract, or lease termination, entered into before such disaster. Defines such a "financial hardship" to include:
(1) the loss of employment or significant income because a job, a business, or a business interest was located in a disaster area; or
(2) suffering financially because of travel restrictions or station or road closures affecting residents of such area.
Restricts eligibility for such assistance to individuals or households who have an adjusted gross income of not more than $75,000 ($100,000 for individuals or households who resided in an area with a high cost of living). Directs the President to adjust the limits annually to reflect inflation. Allows assistance to be provided for the duration of the period of financial hardship caused by the disaster, not to exceed 18 months. Requires recipients determined to be ineligible to return the full amount of assistance to the government.
Makes this Act applicable to any major disaster declared on or after October 21, 2007.


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Sponsor

• Sen. Dianne Feinstein [D, CA]
• and 2 Co-Sponsors
  • Sen. Barbara Boxer [D, CA]
  • Sen. Charles Schumer [D, NY]
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Committees

• Senate Homeland Security and Governmental Affairs

Amendments

This bill has no amendments.

Amendments to S.2386

Number	Status	Purpose

Bill Status

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Introduced		Voted on by Senate		Voted on by House		Considered By President		Bill Becomes Law
November 16, 2007

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All Bill Actions

• Nov 16, 2007: Read twice and referred to the Committee on Homeland Security and Governmental Affairs.
• Nov 16, 2007: Sponsor introductory remarks on measure. (CR S14628-14630)
• Introduced on Nov 16, 2007.

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Related Bills:

• H.R.4919

Related Issue Areas:

• Unemployment
• Travel costs
• Transportation
• Rental housing
• 11 more
• Rent
• Mortgages
• Liens
• Leases
• Labor
• Housing
• Foreclosure
• Finance
• Eviction
• Disaster relief
• Emergency management

Data from the Congressional Research Service

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Blog Coverage

March 15, 2008 Mortgage and Rental Assistance as Disaster Relief: Legislation in ...

During the first session of the 110th Congress, Senators Feinstein and Boxer introduced S. 2386, the Mortgage and Rental Disaster Relief Act of 2007. The legislation would reinstate a Robert T. Staffo...

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March 11, 2008 Recover

The MRA provision in S. 2386 differs from the previous MRA provision in that it establishes eligibility based on an income threshold. In order to qualify for the proposed MRA assistance, an individual or household would be required to ...

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November 15, 2007 Bill Action: Introduced: S. 2386: A bill to amend the Robert T ...

Dianne Feinstein [D-CA] introduced S. 2386: A bill to amend the Robert T. Stafford Disaster Relief and Emergency Assistance Act, to authorize temporary mortgage and rental payments. [This event matched these trackers: Active Legislation ...

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