3.0.0 2636 2023-01-11T13:22:42Z 2023-01-11T13:22:42Z House H HR 2011-07-25 112 [Pages H5488-H5489]From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GARY G. MILLER of California:H.R. 2636.Congress has the power to enact this legislation pursuantto the following:[[Page H5489]]Article I, Section 8, Clause 3 (relating to the power toregulate interstate commerce).]]> hsba00 Financial Services Committee House Standing hsba16 Capital Markets Subcommittee Referred to 2011-08-22T18:10:49Z hsba15 Consumer Protection and Financial Institutions Subcommittee Referred to 2011-08-22T18:10:40Z Referred to 2011-07-25T14:01:10Z Keeping Families in their Home Act of 2012 112 2080 S 2012-02-09 Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. Related bill CRS 2011-08-22 hsba16 Capital Markets Subcommittee 1 House committee actions Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. Committee 2011-08-22 hsba15 Consumer Protection and Financial Institutions Subcommittee 1 House committee actions Referred to the Subcommittee on Financial Institutions and Consumer Credit. Committee 2011-07-25 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2011-07-25 Introduced in House IntroReferral Intro-H 9 Library of Congress 2011-07-25 Introduced in House IntroReferral 1000 9 Library of Congress M001139 Rep. Miller, Gary G. [R-CA-42] GARY MILLER R CA 42 N B000013 Rep. Bachus, Spencer [R-AL-6] SPENCER BACHUS R AL 6 2011-07-25 True M000309 Rep. McCarthy, Carolyn [D-NY-4] CAROLYN MCCARTHY D NY 4 2011-07-25 True F000339 Rep. Frank, Barney [D-MA-4] BARNEY FRANK D MA 4 2011-07-25 True G000553 Rep. Green, Al [D-TX-9] Al Green D TX 9 2011-08-09 False W000207 Rep. Watt, Melvin L. [D-NC-12] MELVIN WATT D NC 12 2011-08-12 False C001068 Rep. Cohen, Steve [D-TN-9] Steve Cohen D TN 9 2011-11-14 False H000636 Rep. Hinojosa, Ruben [D-TX-15] RUBEN HINOJOSA D TX 15 2012-04-16 False Finance and Financial Sector Administrative law and regulatory procedures Bank accounts, deposits, capital Banking and financial institutions regulation Department of the Treasury Federal Deposit Insurance Corporation (FDIC) Federal Reserve System Government corporations and government-sponsored enterprises Housing finance and home ownership National Credit Union Administration Real estate business Finance and Financial Sector 00 2011-07-25 Introduced in House 2012-04-11T21:14:46Z
Neighborhood Preservation Act of 2011 - Amends the Federal Deposit Insurance Act to authorize any depository institution (or affiliate) to lease, including lease with an option to purchase, to any individual for up to five years an interest in residential property which: (1) was or is security for an extension of credit by such depository institution (or affiliate), and (2) came under the institution's or affiliate's ownership or control through foreclosure (or a deed in lieu of foreclosure) on the extension of credit.

Directs the federal banking agencies to jointly prescribe specified safety and soundness regulations, including minimum capital requirements for such institutions or affiliates.

Permits extension of such a lease beyond five years if any federal or state law, including the Bank Holding Company Act of 1956, so permits.

Applies this Act only to leases entered into during the three-year period beginning on the date of the enactment of this Act.

Declares it is the intent of Congress that: (1) no permanent change in policy on leasing foreclosed property is being established with respect to depository institutions and depository institution holding companies, and (2) bank leasing of foreclosed property authorized under this Act should not apply to leases entered into after such three-year period.

Authorizes a government-sponsored enterprise (the Federal National Mortgage Association [Fannie Mae] or the Federal Home Loan Mortgage Corporation [Freddie Mac]) to market for rental, before sale, any of its real estate owned properties and assets as the Federal Housing Finance Agency (FHFA) determines appropriate. Restricts lease agreements to five years.


]]> Neighborhood Preservation Act of 2011 Display Title Neighborhood Preservation Act of 2011 Official Title as Introduced To authorize depository institutions, depository institution holding companies, Fannie Mae, and Freddie Mac to lease foreclosed property held by such entities for up to 5 years, and for other purposes. Introduced in House IH Short Titles as Introduced Neighborhood Preservation Act of 2011 Introduced in House 2011-07-25T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-112hr2636ih/xml/BILLS-112hr2636ih.xml 2011-08-22 Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises. text/xml EN 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. Congressional Research Service, Library of Congress 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.