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    <introducedDate>2007-09-07</introducedDate>
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            <date>2007-09-07T13:03:45Z</date>
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        <title>Mortgage Cancellation Relief Act of 2007</title>
        <congress>110</congress>
        <number>1876</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2007-04-17</actionDate>
          <text>Referred to the House Committee on Ways and Means.</text>
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        <title>Mortgage Forgiveness Debt Relief Act of 2007</title>
        <congress>110</congress>
        <number>3648</number>
        <type>HR</type>
        <latestAction>
          <actionDate>2007-12-20</actionDate>
          <text>Became Public Law No: 110-142.</text>
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          </item>
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      <item>
        <title>Mortgage Cancellation Relief Act of 2007</title>
        <congress>110</congress>
        <number>1394</number>
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        <latestAction>
          <actionDate>2007-05-15</actionDate>
          <text>Read twice and referred to the Committee on Finance.</text>
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        <actionDate>2007-09-07</actionDate>
        <text>Referred to the House Committee on Ways and Means.</text>
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        <bioguideId>S001173</bioguideId>
        <fullName>Rep. Space, Zachary T. [D-OH-18]</fullName>
        <firstName>Zachary</firstName>
        <lastName>Space</lastName>
        <party>D</party>
        <state>OH</state>
        <middleName>T.</middleName>
        <district>18</district>
        <isByRequest>N</isByRequest>
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    </sponsors>
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      <item>
        <bioguideId>B001242</bioguideId>
        <fullName>Rep. Bishop, Timothy H. [D-NY-1]</fullName>
        <firstName>Timothy</firstName>
        <lastName>Bishop</lastName>
        <party>D</party>
        <state>NY</state>
        <middleName>H.</middleName>
        <district>1</district>
        <sponsorshipDate>2007-09-14</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>C001063</bioguideId>
        <fullName>Rep. Cuellar, Henry [D-TX-28]</fullName>
        <firstName>Henry</firstName>
        <lastName>Cuellar</lastName>
        <party>D</party>
        <state>TX</state>
        <district>28</district>
        <sponsorshipDate>2007-09-14</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
      </item>
      <item>
        <bioguideId>S000030</bioguideId>
        <fullName>Rep. Sanchez, Loretta [D-CA-47]</fullName>
        <firstName>LORETTA</firstName>
        <lastName>SANCHEZ</lastName>
        <party>D</party>
        <state>CA</state>
        <district>47</district>
        <sponsorshipDate>2007-09-17</sponsorshipDate>
        <isOriginalCosponsor>False</isOriginalCosponsor>
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    <policyArea>
      <name>Taxation</name>
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    <subjects>
      <legislativeSubjects>
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          <name>Housing and Community Development</name>
        </item>
        <item>
          <name>Housing finance</name>
        </item>
        <item>
          <name>Income tax</name>
        </item>
        <item>
          <name>Mortgages</name>
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        <item>
          <name>Tax exclusion</name>
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        <name>Taxation</name>
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      <summary>
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        <actionDate>2007-09-07</actionDate>
        <actionDesc>Introduced in House</actionDesc>
        <updateDate>2007-10-05T17:34:03Z</updateDate>
        <text><![CDATA[ <p>Foreclosure Tax Relief Act of 2007 - Amends the Internal Revenue Code to exclude from gross income up to $50,000 of the amount attributable to a discharge of mortgage indebtedness or to a refinancing of a principal residence. Limits such tax exclusion to taxpayers with modified adjusted gross incomes of $100,000 or less ($200,000 in the case of a joint tax return).</p>]]></text>
      </summary>
    </summaries>
    <title>Foreclosure Tax Relief Act of 2007</title>
    <titles>
      <item>
        <titleType>Official Title as Introduced</titleType>
        <title>To amend the Internal Revenue Code of 1986 to exclude from gross income certain amounts of cancellation of indebtedness income on account of a foreclosure on the mortgage secured by the principal residence of the taxpayer.</title>
        <billTextVersionName>Introduced in House</billTextVersionName>
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      <item>
        <titleType>Display Title</titleType>
        <title>Foreclosure Tax Relief Act of 2007</title>
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        <titleType>Short Titles as Introduced</titleType>
        <title>Foreclosure Tax Relief Act of 2007</title>
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        <date>2007-09-07T04:00:00Z</date>
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    <latestAction>
      <actionDate>2007-09-07</actionDate>
      <text>Referred to the House Committee on Ways and Means.</text>
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    <dc:language>EN</dc:language>
    <dc:rights>Pursuant to Title 17 Section 105 of the United States Code, this file is not subject to copyright protection and is in the public domain.</dc:rights>
    <dc:contributor>Congressional Research Service, Library of Congress</dc:contributor>
    <dc:description>This file contains bill summaries and statuses for federal legislation. A bill summary describes the most significant provisions of a piece of legislation and details the effects the legislative text may have on current law and federal programs. Bill summaries are authored by the Congressional Research Service (CRS) of the Library of Congress. As stated in Public Law 91-510 (2 USC 166 (d)(6)), one of the duties of CRS is "to prepare summaries and digests of bills and resolutions of a public general nature introduced in the Senate or House of Representatives". For more information, refer to the User Guide that accompanies this file.</dc:description>
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