[Congressional Bills 112th Congress]
[From the U.S. Government Publishing Office]
[H.R. 836 Reported in House (RH)]

                                                  Union Calendar No. 14
112th CONGRESS
  1st Session
                                H. R. 836

                          [Report No. 112-26]

 To rescind the unobligated funding for the Emergency Mortgage Relief 
                 Program and to terminate the program.


_______________________________________________________________________


                    IN THE HOUSE OF REPRESENTATIVES

                           February 28, 2011

 Mr. Hensarling (for himself, Mr. Bachus, and Mrs. Biggert) introduced 
 the following bill; which was referred to the Committee on Financial 
                                Services

                             March 7, 2011

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed
 [Strike out all after the enacting clause and insert the part printed 
                               in italic]


_______________________________________________________________________

                                 A BILL


 
 To rescind the unobligated funding for the Emergency Mortgage Relief 
                 Program and to terminate the program.


 


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

<DELETED>SECTION 1. SHORT TITLE.</DELETED>

<DELETED>    This Act may be cited as the ``Emergency Mortgage Relief 
Program Termination Act''.</DELETED>

<DELETED>SEC. 2. RESCISSION OF FUNDING FOR EMERGENCY MORTGAGE RELIEF 
              PROGRAM.</DELETED>

<DELETED>    Effective on the date of the enactment of this Act, there 
are rescinded and permanently canceled all unobligated balances 
remaining available as of such date of enactment of the amounts made 
available by section 1496(a) of the Dodd-Frank Wall Street Reform and 
Consumer Protection Act (Public Law 111-203; 124 Stat. 2207; 12 U.S.C. 
2706 note).</DELETED>

<DELETED>SEC. 3. TERMINATION OF EMERGENCY MORTGAGE RELIEF 
              PROGRAM.</DELETED>

<DELETED>    (a) Repeal.--Title I of the Emergency Housing Act of 1975 
(12 U.S.C. 2701 et seq.), as amended by section 1496(b) of the Dodd-
Frank Wall Street Reform and Consumer Protection Act, is hereby 
repealed.</DELETED>
<DELETED>    (b) Treatment of Remaining Funds.--Notwithstanding the 
repeal under subsection (a) of this section, any amounts made available 
under the provision specified in section 2 of this Act and obligated 
before the date of the enactment of this Act shall continue to be 
governed by the provisions of law specified in subsection (a) of this 
section, as in effect immediately before such repeal.</DELETED>
<DELETED>    (c) Termination.--Upon the completion of outlays to 
liquidate all amounts referred to in subsection (b) of this section and 
the completion of all activities with respect to such amounts under the 
provisions of law specified in subsection (a) of this section, the 
Secretary of Housing and Urban Development shall terminate the 
Emergency Mortgage Relief Program authorized under the provisions 
specified in subsection (a).</DELETED>

SECTION 1. SHORT TITLE.

    This Act may be cited as the ``Emergency Mortgage Relief Program 
Termination Act''.

SEC. 2. RESCISSION OF FUNDING FOR EMERGENCY MORTGAGE RELIEF PROGRAM.

    Effective on the date of the enactment of this Act, there are 
rescinded and permanently canceled all unobligated balances remaining 
available as of such date of enactment of the amounts made available by 
section 1496(a) of the Dodd-Frank Wall Street Reform and Consumer 
Protection Act (Public Law 111-203; 124 Stat. 2207; 12 U.S.C. 2706 
note).

SEC. 3. TERMINATION OF EMERGENCY MORTGAGE RELIEF PROGRAM.

    (a) Repeal.--Title I of the Emergency Housing Act of 1975 (12 
U.S.C. 2701 et seq.), as amended by section 1496(b) of the Dodd-Frank 
Wall Street Reform and Consumer Protection Act, is hereby repealed.
    (b) Treatment of Remaining Funds.--Notwithstanding the repeal under 
subsection (a) of this section, any amounts made available under the 
provision specified in section 2 of this Act and obligated before the 
date of the enactment of this Act shall continue to be governed by the 
provisions of law specified in subsection (a) of this section, as in 
effect immediately before such repeal.
    (c) Termination.--Upon the completion of outlays to liquidate all 
amounts referred to in subsection (b) of this section and the 
completion of all activities with respect to such amounts under the 
provisions of law specified in subsection (a) of this section, the 
Secretary of Housing and Urban Development shall terminate the 
Emergency Mortgage Relief Program authorized under the provisions 
specified in subsection (a).
    (d) Study of Use of Program by Members of the Armed Forces, 
Veterans, and Gold Star Recipients.--
            (1) Study.--The Secretary of Housing and Urban Development 
        shall conduct a study to determine the extent of usage of the 
        Emergency Mortgage Relief Program authorized under the 
        provisions specified in subsection (a) by, and the impact of 
        such program on, covered homeowners.
            (2) Report.--Not later than the expiration of the 90-day 
        period beginning on the date of the enactment of this Act, the 
        Secretary shall submit to the Congress a report setting forth 
        the results of the study under paragraph (1) and identifying 
        best practices, with respect to covered homeowners, that could 
        be applied to the Emergency Mortgage Relief Program.
            (3) Covered homeowner.--For purposes of this subsection, 
        the term ``covered homeowner'' means a homeowner who is--
                    (A) a member of the Armed Forces of the United 
                States on active duty or the spouse or parent of such a 
                member;
                    (B) a veteran, as such term is defined in section 
                101 of title 38, United States Code; or
                    (C) eligible to receive a Gold Star lapel pin under 
                section 1126 of title 10, United States Code, as a 
                widow, parent, or next of kin of a member of the Armed 
                Forces person who died in a manner described in 
                subsection (a) of such section.
                                                  Union Calendar No. 14

112th CONGRESS

  1st Session

                               H. R. 836

                          [Report No. 112-26]

_______________________________________________________________________

                                 A BILL

 To rescind the unobligated funding for the Emergency Mortgage Relief 
                 Program and to terminate the program.

_______________________________________________________________________

                             March 7, 2011

  Reported with an amendment, committed to the Committee of the Whole 
       House on the State of the Union, and ordered to be printed