U.S. Congress - H.R.1151 Emergency Mortgage Relief and Neighborhood Stabilization Programs Cost Recoupment Act o...
H.R.1151 - Emergency Mortgage Relief and Neighborhood Stabilization Programs Cost Recoupment Act of 2011
To require the Secretary of the Treasury to make risk-based assessments on financial companies to recoup the amount of assistance made available for unemployed homeowners under the Emergency Mortgage Relief Program and for States and communities under the Neighborhood Stabilization Program. view all titles (2)
All Bill Titles
- Official: To require the Secretary of the Treasury to make risk-based assessments on financial companies to recoup the amount of assistance made available for unemployed homeowners under the Emergency Mortgage Relief Program and for States and communities under the Neighborhood Stabilization Program. as introduced.
- Short: Emergency Mortgage Relief and Neighborhood Stabilization Programs Cost Recoupment Act of 2011 as introduced.
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Official Summary
3/17/2011--Introduced.Emergency Mortgage Relief and Neighborhood Stabilization Programs Cost Recoupment Act of 2011 - Amends the Dodd-Frank Street Reform and Consumer Protection Act to direct the Secretary of the Treasury, in order to offset the costs of assistance under the Emergency MortOfficial Summary
3/17/2011--Introduced.Emergency Mortgage Relief and Neighborhood Stabilization Programs Cost Recoupment Act of 2011 - Amends the Dodd-Frank Street Reform and Consumer Protection Act to direct the Secretary of the Treasury, in order to offset the costs of assistance under the Emergency Mortgage Relief and Neighborhood Stabilization Programs, to make risk-based assessments in the total amount of $2.5 billion on financial companies:(1) that manage hedge funds with $10 billion or more in assets under management on a consolidated basis; or
(2) with $50 billion or more in total consolidated assets.
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