Federal Housing Finance Reform Act of 2007 - OpenCongress Wiki
Federal Housing Finance Reform Act of 2007
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The Federal Housing Finance Reform Act of 2007 (H.R.1427) was a bill in the 110th Congress "to reform the regulation of certain housing-related Government-sponsored enterprises, and for other purposes." (Official title.)OpenCongress’ info page on Federal Housing Finance Reform Act of 2007(H.R.1427).
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Contents |
Current status
| H.R.1427 (110th Congress) - Federal Housing Finance Reform Act of 2007 | Status: House Passed |
To reform the regulation of certain housing-related Government-sponsored enterprises, and for other purposes.
Sponsor: Barney FrankCommittees: House Financial Services, Senate Banking, Housing, and Urban Affairs
Bill summary
The House of Representative's summary on Federal Housing Finance Reform Act of 2007
Key votes
House Record Vote (378)
May 17, 2007
On Agreeing to the Amendment: Amendment 1 to H R 1427
On Agreeing to the Amendment
On Agreeing to the Amendment
Percentage of 'Aye' votes: 33% - Failed
Required percentage of 'Aye' votes: 1/2 (50%)
148
Ayes
269
Nays
| Dem | Rep | Other | |
| Ayes | 0 | 148 | 0 |
| Nays | 226 | 43 | 0 |
| Abst. | 9 | 11 | 0 |
Same for all scorecards:
- Name of bill: Federal Housing Finance Reform Act of 2007
- Chamber: U.S. House of Representatives
- Roll call number: 378
- Congress number: 110th
- Session number: 1
- Vote link: U.S. House of Representatives record vote 378, 110th Congress, Session 1
| Scored vote | |
|---|---|
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Scorecard: Club For Growth 2007 House Scorecard |
Org. position: {{{Vote position 1}}} |
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Description: "Vote on the Bachus amendment that would defund an affordable housing fund. The pro-growth vote was "nay" because the proposed fund would have been used to finance pro-spending activist groups. Failed 148-269." (Original scorecard available at: http://www.clubforgrowth.org/2008/05/the_2007_congressional_scoreca.php) | |
House Record Vote (387)
May 22, 2007
On Agreeing to the Amendment: Amendment 14 to H R 1427
On Agreeing to the Amendment
On Agreeing to the Amendment
Percentage of 'Aye' votes: 53% - Agreed to
Required percentage of 'Aye' votes: 1/2 (50%)
235
Ayes
188
Nays
| Dem | Rep | Other | |
| Ayes | 46 | 189 | 0 |
| Nays | 181 | 7 | 0 |
| Abst. | 8 | 6 | 0 |
- Name of bill: Federal Housing Finance Reform Act of 2007
- Chamber: U.S. House of Representatives
- Roll call number: 387
- Congress number: 110th
- Session number: 1
- Vote link: U.S. House of Representatives record vote 387, 110th Congress, Session 1
| Scored vote | |
|---|---|
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Scorecard: National Journal 2007 House Scorecard |
Org. position: {{{Vote position 1}}} |
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Description: "Require owners or renters in affordable-housing residences to prove their legal residency. May 22. (235-188)" (Original scorecard available at: http://www.nationaljournal.com/voteratings/house_votes.htm) | |
House Record Vote (391)
May 22, 2007
On Agreeing to the Amendment: Amendment 21 to H R 1427
On Agreeing to the Amendment
On Agreeing to the Amendment
Percentage of 'Aye' votes: 49% - Agreed to
Required percentage of 'Aye' votes: 1/2 (50%)
217
Ayes
205
Nays
| Dem | Rep | Other | |
| Ayes | 34 | 183 | 0 |
| Nays | 193 | 12 | 0 |
| Abst. | 8 | 7 | 0 |
- Name of bill: Federal Housing Finance Reform Act of 2007
- Chamber: U.S. House of Representatives
- Roll call number: 391
- Congress number: 110th
- Session number: 1
- Vote link: U.S. House of Representatives record vote 391, 110th Congress, Session 1
| Scored vote | |
|---|---|
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Scorecard: National Journal 2007 House Scorecard |
Org. position: {{{Vote position 1}}} |
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Description: "Bar federal housing banks from processing mortgages to an individual without a valid Social Security number. May 22. (217-205)" (Original scorecard available at: http://www.nationaljournal.com/voteratings/house_votes.htm) | |
House Record Vote (396)
May 22, 2007
On Passage: H R 1427 Federal Housing Finance Reform Act
On Passage
On Passage
Percentage of 'Aye' votes: 72% - Passed
Required percentage of 'Aye' votes: 1/2 (50%)
313
Ayes
104
Nays
| Dem | Rep | Other | |
| Ayes | 223 | 90 | 0 |
| Nays | 0 | 104 | 0 |
| Abst. | 8 | 7 | 0 |
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Supporters
| quick |
- Mortgage Bankers Association
- National Association of Home Builders
- National Association of Realtors
- National Low Income Housing Coalition
Articles and resources
See also
- Speaker Nancy Pelosi's Statement on Federal Housing Finance Reform Act
- Congressional Budget Office's cost estimate on Federal Housing Finance Reform Act of 2007 as ordered by the Senate Committee on Banking, Housing and Urban Affairs on May 20, 2008.
- Inman NewsCongressman calls for 6-month increase in GSEs' portfolios October 12, 2007.
- MSNBC Bernanke seeks stronger mortgage regulation March 6, 2007.
