Foreclosure Prevention Act of 2008.
A bill to provide needed housing reform.
previous 110th session of congressThis is one of the leading Democratic proposal for addressing the housing crisis. It's main provision would allow bankruptcy judges to renegotiate the terms of home mortgages. This bill would also increase the number of tax-exempt mortgage revenue bonds available for refinancing subprime mortgages, provide community development money for fixing up foreclosed homes, tax breaks for businesses, and more. A new, bipartisan version of this bill has been drafted and considered by the Senate as an amendment to H.R.3221.
2/13/2008--Introduced.
Foreclosure Prevention Act of 2008 - Amends the Internal Revenue Code to:
(1) authorize use of the proceeds of a qualified mortgage bond issue to refinance a mortgage on a residence originally financed through a qualified subprime loan;
(2)<... more
Amendments
This bill has no amendments.
Bill Status
| Introduced | ![]() | Voted on by Senate | ![]() | Voted on by House | ![]() | Considered By President | ![]() | Bill Becomes Law |
| February 13, 2008 |
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In the News
May 06, 2008 The Foreclosure Tax Credit: Blessing or Curse?
In early 2008 the bill was amended by S. 2636 to become The Foreclosure Prevention Act of 2008, sponsored by Sen. Christopher Dodd (D-CT). ...
April 22, 2008 Changing Housing Law
has introduced a sweeping bill (S. 2636) that includes billions of dollars in direct federal funding, bankruptcy law changes, and expanded taxexempt bond ...
April 08, 2008 Senate Payout Plan for Builders Lobby
“Thank you for your support of housing and for including the Net Operating Losses and tax-exempt provision in S. 2636,” Stanton wrote. ...
Blog Coverage
December 24, 2008 Restless Builders Turn To Sweet Material During Holiday Downtimes ...
... Foreclosure Bill S.2636 May Offer Help to Predator and Prey · Forward Looking Estimates Emerge for Pay and Projects · Fuel Saving Strategies · Future is Mystery For Finance Types · Globally, Building Values Continue Dropping
Source: Construction Informer
December 23, 2008 Bridges Over Earthquakes | Construction Informer
... Discovering Where Your Business Fits in a Changing Economy · Economic Rollercoaster Fails To Cause Nausea · Financial Markets Continue to Perplex · FMI Predicts 2008 Construction Trends · Foreclosure Bill S.2636 May Offer He
Source: Construction Informer
December 22, 2008 Monday Morning Mumblings for December 22, 2008 | Construction Informer
... Economic Rollercoaster Fails To Cause Nausea · Financial Markets Continue to Perplex · FMI Predicts 2008 Construction Trends · Foreclosure Bill S.2636 May Offer Help to Predator and Prey · Forward Looking Estimates Emerge fo
Source: Construction Informer











