[Congressional Bills 111th Congress]
[From the U.S. Government Publishing Office]
[S. 3 Placed on Calendar Senate (PCS)]






                                                         Calendar No. 3
111th CONGRESS
  1st Session
                                  S. 3

To protect homeowners and consumers by reducing foreclosures, ensuring 
 the availability of credit for homeowners, businesses, and consumers, 
 and reforming the financial regulatory system, and for other purposes.


_______________________________________________________________________


                   IN THE SENATE OF THE UNITED STATES

                            January 6, 2009

 Mr. Reid (for himself, Mr. Levin, Mr. Kerry, Mr. Kennedy, Mr. Begich, 
  Mr. Durbin, Mr. Wyden, Mrs. Boxer, Mr. Menendez, Mr. Bingaman, Mr. 
  Casey, Mr. Lautenberg, Ms. Stabenow, Mrs. McCaskill, Ms. Klobuchar, 
Mrs. Clinton, Mr. Schumer, Ms. Mikulski, and Mr. Brown) introduced the 
             following bill; which was read the first time

                            January 7, 2009

            Read the second time and placed on the calendar

_______________________________________________________________________

                                 A BILL


 
To protect homeowners and consumers by reducing foreclosures, ensuring 
 the availability of credit for homeowners, businesses, and consumers, 
 and reforming the financial regulatory system, and for other purposes.

    Be it enacted by the Senate and House of Representatives of the 
United States of America in Congress assembled,

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Homeowner Protection and Wall Street 
Accountability Act of 2009''.

SEC. 2. SENSE OF CONGRESS.

    It is the sense of Congress that Congress should enact, and the 
President should sign, legislation--
            (1) to stabilize the housing market and assist homeowners 
        by imposing a temporary moratorium on foreclosures, removing 
        impediments to the modification of distressed mortgages, 
        creating tax and other incentives to help prevent foreclosures 
        and encourage refinancing into affordable and sustainable 
        mortgage solutions, and pursuing other foreclosure-prevention 
        policies through the Troubled Asset Relief Program or other 
        programs;
            (2) to ensure the safety and soundness of the United States 
        financial system for investors by reforming the financial-
        regulatory system, strengthening systemic-risk regulation, 
        enhancing market transparency, and increasing consumer 
        protections in financial regulation to prevent predatory 
        lending practices;
            (3) to ensure credit-card accountability, responsibility 
        and disclosure; and
            (4) to stabilize credit markets for small-business lenders 
        to enhance their ability to make loans to small firms, and 
        stimulate the small-business loan markets by temporarily 
        streamlining and investing in the loan programs of the Small 
        Business Administration.
                                                         Calendar No. 3

111th CONGRESS

  1st Session

                                  S. 3

_______________________________________________________________________

                                 A BILL

To protect homeowners and consumers by reducing foreclosures, ensuring 
 the availability of credit for homeowners, businesses, and consumers, 
 and reforming the financial regulatory system, and for other purposes.

_______________________________________________________________________

                            January 7, 2009

            Read the second time and placed on the calendar