s 47 54843 1233723600 false 1233723600 376 1236 111 300081

2/4/2009--Introduced.Real Estate Mortgage Investment Conduit Improvement Act of 2009 - Establishes special rules for modification or disposition of a troubled asset (qualified mortgages or foreclosure property) under the Troubled Asset Relief Program (TARP) by real estate mortgage investment conduits (REMICs). Declares that: (1) such a modification or disposition shall not be treated as a prohibited transaction under the Internal Revenue Code; (2) an interest in the REMIC shall not fail to be treated as a regular interest solely because of such modification or disposition; and (3) any proceeds resulting from such modification or disposition shall be treated as amounts received under qualified mortgages. Specifies terms of the instruments governing the conduct of servicers or trustees with respect to qualified mortgages which shall terminates a REMIC. Directs the Secretary of the Treasury to establish and implement a home mortgage loan relief program under TARP.

1233723600 2009-02-04 Wed Jan 06 06:29:15 -0600 2010 introduced 54843 'of':8 'act':7 '2009':9 'real':1 'estate':2 'conduit':5 'mortgage':3 'investment':4 'improvement':6 68608 false short introduced 54843 'act':29 '2008':31 'bill':2 'real':15 'rule':5 'asset':13 'divis':22 'emerg':26 'estat':16 'modif':8 'econom':27 'invest':18 'provid':4 'purpos':35 'stabil':28 'certain':12 'conduit':19 'mortgag':17 'disposit':10 'pursuant':20 67923 false official action 54843 1233723600 Wed Feb 04 00:00:00 -0600 2009 183439 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. R000122 1949-11-12 3925 728 Hart Senate Office Building http://reed.senate.gov/contact/contact-share.cfm 202-224-4680 John 'd':4 'ri':5 'sen':1 'jack':8 'john':2,6,9 'reed':3,7,10 M 300081 Reed Jack_Reed F. Sen. John Reed [D, RI] 1344 Jack N00000362 10257 Democrat 202-224-4642 Roman Catholic RI Jack John Reed 2.45454545454545 http://reed.senate.gov/ action 54843 1233723600 Wed Feb 04 00:00:00 -0600 2009 183439 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. action 54843 1233723600 Wed Feb 04 00:00:00 -0600 2009 183438 Sponsor introductory remarks on measure. (CR S1543-1544) introduced 54843 1233723600 Wed Feb 04 00:00:00 -0600 2009 183437