3.0.0 5601 2023-01-11T13:25:33Z 2023-01-11T13:25:33Z House H HR 2014-09-18 113 From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]By Mr. GRAYSON:H.R. 5601.Congress has the power to enact this legislation pursuantto the following:Article I, Section 8 of the United States Constitution[Page H7890]]]> hsba00 Financial Services Committee House Standing Referred to 2014-09-18T13:05:10Z 2014-09-18 Referred to the House Committee on Financial Services. IntroReferral H11100 2 House floor actions hsba00 Financial Services Committee 2014-09-18 Introduced in House IntroReferral Intro-H 9 Library of Congress 2014-09-18 Introduced in House IntroReferral 1000 9 Library of Congress G000556 Rep. Grayson, Alan [D-FL-9] Alan Grayson D FL 9 N Housing and Community Development Bank accounts, deposits, capital Civil actions and liability Financial services and investments Housing and community development funding Housing finance and home ownership Housing supply and affordability Residential rehabilitation and home repair Housing and Community Development 00 2014-09-18 Introduced in House 2014-10-09T16:50:29Z Foreclosure Restitution Act of 2014 - Appropriates specified funds from any amounts received by the Treasury as a civil monetary penalty from the recent settlement agreement between the United States, together with specified individual states, and the Bank of America, together with current and former subsidiaries and affiliates, to remain available until expended.

Limits the use of the funds to providing assistance, under the Neighborhood Stabilization Program (NSP), to states and local governments for redevelopment of abandoned and foreclosed homes.

Permits the use of the funds to assist in providing affordable housing or to mitigate indirect costs relating to foreclosures on residential mortgages.

]]> Foreclosure Restitution Act of 2014 Display Title Foreclosure Restitution Act of 2014 Official Title as Introduced To provide amounts from the recent settlement between the Department of Justice and Bank of America for assistance under the Neighborhood Stabilization Program. Introduced in House IH Short Titles as Introduced Foreclosure Restitution Act of 2014 Introduced in House 2014-09-18T04:00:00Z https://www.govinfo.gov/content/pkg/BILLS-113hr5601ih/xml/BILLS-113hr5601ih.xml 2014-09-18 Referred to the House Committee on Financial Services. 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.