NEW DIRECTION FOR ENERGY INDEPENDENCE, NATIONAL SECURITY, AND CONSUMER PROTECTION ACT

Amendments

Enact (H.R. 3221), S2301 [1AP], S2363, S2364 [2AP], S2403, S2407, S2412, S2413, S2415, S2419, S2423, S2487, S2495, S2497, S2498, S2499, S2503, S2504, S2505, S2506, S2507, S2513, S2514, S2515, S2519, S2521, S2524, S2544, S2547, S2548, S2549, S2550, S2551 [3AP], S2592, S2593, S2596, S2598, S2602, S2603, S2605, S2610, S2614, S2615, S2616, S2617 [4AP], S2628, S2642, S2644, S2645, S2646, S2647, S2648, S2649, S2650, S2651, S2653, S2656, S2658, S2662, S2663, S2664, S2665, S2667, S2668, S2669, S2670, S2705, S2706 [7AP], S2722, S2723, S2758, S2759, S2760, S2761, S2762, S2763 [8AP], S2806, S2807, S2808, S2810, S2811, S2822 [9AP], S2844, S2859, S2951 [10AP], S5781, S5783, S5785, S5799, S5808, S5840, S5904, S5906, S5907, S5908, S5909, S5910, S5911, S5912, S5913, S5914 [19JN], S5942, S5945 [20JN], S5965, S5966, S5967, S5968, S5969 [23JN], S6027, S6029, S6032, S6033, S6044, S6075, S6076, S6078, S6079 [24JN], S6138, S6139 [25JN], S6447, S6448 [8JY], S6736 [15JY], S7131, S7190 [23JY], H3204, H3219, H3291 [8MY], H6854, H6916 [23JY]

———consideration of Senate amendment (H. Res. 1363), H6851 [23JY]

———consideration of Senate amendments (H. Res. 1175), H3144 [7MY]

Articles and editorials

401(K)s Tapped To Save Homes, S2599 [4AP]

Housing Bill Hammers Taxpayers, S7495 [26JY]

Rescuing Fannie Mae or Freddie Mac Is Nonsense, S7468 [25JY]

Bills and resolutions

Enact (H.R. 3221): consideration of Senate amendment (see H. Res. 1363), H6824 [22JY]

———consideration of Senate amendments (see H. Res. 1175), H3108 [6MY]

Cloture motions

Enact (H.R. 3221), S1082 [14FE], S2270 [1AP], S2606 [4AP], S2726 [8AP], S5922 [20JN], S5978 [24JN], S6224 [26JN], S6355 [7JY], S6448 [8JY], S6520 [10JY], S7131 [23JY], S7436 [25JY]

———motion to proceed, S1364 [28FE]

Letters

Create a national licensing system for residential mortgage loan originators and develop minimum standards of conduct to be enforced by State regulators: Neil Milner, Conference of State Bank Supervisors, S2411 [3AP]

———Richard F. Gaylord, National Association of Realtors, S2411 [3AP]

Energy Information Administration analysis of Federal subsidies and support for the energy markets: Guy F. Caruso, Dept. of Energy, S2721 [8AP]

———Senator Alexander, S2721 [8AP]

Housing-related Government-sponsored enterprises regulation reform: Representative Bachus, Committee on Financial Services (House), H6995 [23JY]

LIHEAP funding: Coalition of Northeastern Governors, S5810 [19JN]

Mortgage foreclosure prevention counseling resources funding: Peg Malloy and David C. Brown, National NeighborhoodWatch Association, S2409 [3AP]

Provide for the limited continuation of clean energy production tax incentives and incentives to improve energy efficiency: Faith A. Cristol, Retail Industry Leaders Association, S2802 [9AP]

———Jack N. Gerard, American Chemistry Council, S2837 [10AP]

———Jay Timmons, National Association of Manufacturers, S2837 [10AP]

———Jeffrey D. DeBoer, Real Estate Roundtable (organization), S2802 [9AP]

———R. Bruce Josten, U.S. Chamber of Commerce, S2802 [9AP]

———several energy organizations, S2800, S2801 [9AP]

Provisions: Jon Corzine and Michael Rounds, National Governors Association, H6850, H6851 [23JY]

Lists

Organizations supporting H.R. 3221, provisions, S7226 [24JY]

Motions

Enact (H.R. 3221), S2403, S2422 [3AP], S2594 [4AP], S5776, S5812, S5814 [19JN], S7131 [23JY], H3219 [8MY], H6916 [23JY]

———consideration of Senate amendments (H. Res. 1175), H3145, H3146 [7MY]

Remarks in House

Credit: reform and provide accountability for mortgage practices, establish licensing and registration requirements for mortgage originators, and provide certain minimum standards for mortgage loans, H6842 [23JY]

———remove an impediment to troubled debt restructuring on the part of holders of residential mortgage loans, H3201 [8MY]

Dept. of HUD: make loans to States to acquire foreclosed housing and grants to States for related costs, H6841 [23JY]

Dept. of the Treasury: clarify authority of OTS and Office of Comptroller of the Currency to regulate and oversee depository institution products and services marketing and distribution system, H6997 [23JY]

———establish the National Affordable Housing Trust Fund, H6842 [23JY]

Enact (H.R. 3221), H1830, H1868 [1AP], H1892 [2AP], H1975, H2000 [3AP], H2273 [15AP], H2453 [17AP], H2557 [23AP], H6333 [9JY], H7857 [9SE], E1142 [4JN]

———consideration of Senate amendment (H. Res. 1363), H6840-H6854 [23JY]

———consideration of Senate amendments (H. Res. 1175), H3134-H3147, H3181 [7MY]

———corrections in engrossment of Senate amendments, H3311 [8MY]

———Senate amendment, H6828, H6854-H7011, H7054, H7055 [23JY], H7062 [24JY], H7332 [30JY], E1549, E1551 [24JY], E1555, E1556, E1559, E1563, E1564 [25JY], E1581 [29JY], E1602, E1604, E1606 [30JY], E1630 [31JY], E1693 [1AU]

———Senate amendments, H3058 [6MY], H3195, H3197-H3201, H3204-H3308 [8MY], H4326, H4334 [21MY], E864 [8MY], E898 [13MY], E921 [14MY], E956 [16MY], E983, E986, E988 [21MY]

FHA: create a voluntary program that provides mortgage refinancing assistance to allow families to stay in their homes, protect neighborhoods, and help stabilize the housing market, H3134, H3135, H3140 [7MY], H3198, H3199 [8MY]

———deny assistance to borrowers based solely on credit scores or any delinquency or default by the mortgagor, H3297 [8MY]

Financial institutions: enhance community development investments, H3134, H3140 [7MY]

Housing: clarify that State laws and local ordinances on foreclosure and foreclosed properties are not preempted by Federal law, H3296 [8MY]

———increase the conforming loan limit in high-cost areas, H3297 [8MY]

———modernize and update the National Housing Act and enable the FHA to use risk-based pricing to more effectively reach underserved borrowers, H3134, H3140 [7MY], H6841, H6995 [23JY]

———modernize the manufactured housing loan insurance program, H3197 [8MY]

———mortgage foreclosure prevention counseling resources funding, E983 [21MY]

———protect the interests of bona fide tenants in the case of any foreclosure on any dwelling or residential real property, H3137 [7MY]

———provide needed housing reform, H1830, H1868 [1AP], H1892 [2AP], H1975 [3AP], H2273 [15AP], H2453 [17AP], H3058 [6MY], H3134, H3181 [7MY], H3195, H3197-H3201, H3204-H3308 [8MY], H4326 [21MY], H6333 [9JY], H6828, H6840, H6854-H7011, H7054, H7055 [23JY], H7062 [24JY], H7332 [30JY], E864 [8MY], E898 [13MY], E921 [14MY], E956 [16MY], E983, E986, E988 [21MY], E1142 [4JN], E1549, E1551 [24JY], E1555, E1556, E1559, E1563, E1564 [25JY], E1581 [29JY], E1602, E1604, E1606 [30JY], E1630 [31JY], E1693 [1AU]

———reform the regulation of the housing-related Government-sponsored enterprises, H3134, H3140 [7MY], H6841, H6988-H7010 [23JY]

———simplify the historic rehabilitation tax credit, H7005 [23JY]

National Steel Car Ltd.: Alabama facility funding, H6989 [23JY]

NeighborWorks America (organization): allow preference in distribution of grants to counseling agencies that provide in-person mortgage counseling, H6998 [23JY], E1602 [30JY]

———establish a mortgage foreclosure counseling program for Armed Forces members returning from service abroad, H3293 [8MY]

Public debt: ceiling, H6996 [23JY]

Taxation: provide a credit for certain home purchases, H3286, H3287 [8MY]

———provide assistance for housing, H3134, H3140 [7MY]

Truth in Lending Act: enhance disclosure of the terms of home mortgage loans, E1602 [30JY]

Remarks in Senate

Armed Forces: extend period after release from active duty during which a member is protected from mortgage foreclosure, S2378 [3AP]

Bankruptcy: amend laws relative to modification of certain mortgages on principal residences, S1445 [3MR], S2267 [1AP], S2316 [2AP], S2371, S2375-S2377, S2380-S2383, S2387-S2395, S2402 [3AP], S2606 [4AP], S2717, S2718, S2723-S2725 [8AP], S2804 [9AP], S2841 [10AP]

———authorize courts to take certain actions relative to mortgage loans in bankruptcy, S2380, S2381 [3AP], S2718, S2723-S2725 [8AP]

Construction industries: allow carryback of certain net operating losses, S2726-S2728 [8AP], S2798 [9AP]

Credit: create a national licensing system for residential mortgage loan originators and develop minimum standards of conduct to be enforced by State regulators, S1362 [28FE], S2383-S2385, S2410-S2412 [3AP]

———establish a national consumer credit usury rate, S2400, S2415-S2418 [3AP]

———provide for enhanced disclosures to consumers and enhanced regulation of mortgage brokers, S2386 [3AP], S2620-S2622 [7AP]

Dept. of HUD: clarify that Freddie Mac and Fannie Mae have no responsibility for funding housing entities under the Affordable Housing program, S5783, S5806-S5811 [19JN]

———Community Development Block Grant Program funding, S2841 [10AP]

———extend Philadelphia, PA, Moving to Work agreement, S2729 [8AP]

———implement Government-sponsored enterprises regulatory reform, S5981, S5982, S5983 [24JN]

———improve congressional oversight of housing assistance programs to prevent fraud, waste, and abuse, S2783, S2784, S2785 [9AP]

———increase section 8 vouchers, expand Home Investment Partnership (HOME) Program, reauthorize Public and Assisted Housing Drug Elimination Program, and create a National Affordable Housing Trust Fund, S7503 [26JY]

———make loans to States to acquire foreclosed housing and grants to States for related costs, S7217 [24JY]

———prohibit use of funding to provide Community Development Block Grant Program assistance for the purchase of foreclosed homes from financial institutions, S2782, S2783 [9AP], S5384 [9JN]

———redirect Community Development Block Grant Program funds to support land banks for homes damaged or destroyed as a result of Hurricanes Katrina or Rita, S2788-S2790 [9AP]

———submit a congressional report on Federal housing assistance activities, grants, and programs to ensure fiscal responsibility, S2783, S2785 [9AP]

Dept. of the Treasury: establish the National Affordable Housing Trust Fund, S5806 [19JN]

Dept. of Veterans Affairs: increase benefits for specially adapted housing for disabled veterans, S6590 [11JY]

———increase specially adapted housing benefits for disabled veterans, S2605 [4AP]

———provide a temporary increase in the maximum loan guaranty amount for guaranteed housing loans, S2842 [10AP], S6590 [11JY], S7502 [26JY]

Enact (H.R. 3221), S1083 [14FE], S1437-S1440, S1443-S1446 [3MR], S1549, S1550 [5MR], S1687 [6MR], S1728, S1735 [7MR], S2119 [13MR], S2367-S2371, S2375-S2396, S2400-S2424 [3AP], S2591-S2610 [4AP], S2619-S2625, S2628-S2632 [7AP], S2710, S2716-S2731, S2733-S2738 [8AP], S2780, S2782-S2790, S2792, S2794, S2797-S2811 [9AP], S2829, S2832, S2836-S2861 [10AP], S3932 [7MY], S5384 [9JN]

———House amendments, S5772-S5776, S5781-S5788, S5790, S5791, S5796, S5814-S5819 [19JN], S5921, S5925-S5928 [20JN], S5949, S5952-S5954 [23JN], S5975-S5978, S5980-S5983, S6004, S6082 [24JN], S6097, S6101, S6105-S6108, S6112-S6114, S6137-S6143 [25JN], S6185, S6270, S6274 [26JN], S6354-S6356 [7JY], S6494 [9JY], S6516-S6521, S6524, S6540, S6543, S6547 [10JY], S6585, S6590-S6595 [11JY], S6646 [14JY], S6713, S6735 [15JY], S6884 [17JY], S7089, S7111, S7112, S7130, S7131 [23JY], S7217, S7223-S7226, S7248, S7255, S7256, S7268-S7270 [24JY], S7436, S7438, S7443, S7448-S7451, S7454, S7456, S7458, S7459, S7468-S7472 [25JY], S7489-S7496, S7498-S7506, S7511, S7513, S7518 [26JY], S7566 [28JY], S7620 [29JY], S7985, S7999 [1AU]

———motion to proceed, S1217-S1220 [27FE], S1342, S1346-S1348, S1358-S1371, S1374-S1376 [28FE], S1393-S1398, S1401-S1409, S1413, S1416 [29FE], S2207, S2212, S2218 [31MR], S2254-S2263, S2266-S2275, S2277-S2284 [1AP], S2314-S2319, S2321-S2333, S2336 [2AP]

———motion to proceed, unanimous-consent agreement, S1358 [28FE], S2250 [31MR]

———unanimous-consent agreement, S7433 [24JY]

———unanimous-consent request, S5975 [24JN], S6141, S6142 [25JN], S7255 [24JY]

FHA: establish a maximum interest rate on FHA-insured mortgages, S2722 [8AP]

———prohibit funding for HOPE for Homeowners loan program, S5781, S5808-S5812 [19JN], S5927 [20JN], S5980, S5982 [24JN], S7438 [25JY]

FTC: grant rulemaking authority to allow regulation and prosecution of companies engaged in deceptive mortgage advertising, S2623 [7AP]

Housing: aid families and neighborhoods facing home foreclosure and address the subprime mortgage crisis, S2325 [2AP]

———create a Federal Board of Certification to regulate the secondary mortgage market, S5953 [23JN]

———enhance mortgage disclosure requirements with additional safeguards for certain adjustable rate mortgages and loans, S5782 [19JN], S6138 [25JN]

———ensure States with low populations receive a fair share of mortgage revenue bond allocation increases, S2738 [8AP]

———increase benefits for specially adapted housing for disabled veterans, S6590 [11JY]

———modify volume cap for housing bonds, S2603 [4AP]

———mortgage foreclosure prevention counseling resources funding, S2407-S2409 [3AP], S2628 [7AP]

———permit qualified mortgage bonds to be used to refinance homes of persons in areas affected by Hurricanes Katrina, Rita, and Wilma, S2603-S2605 [4AP], S2790 [9AP]

———place income limits on persons receiving Federal mortgage assistance, S6105 [25JN]

———prohibit lobbying and political donations from Fannie Mae (Government-sponsored enterprise) and Freddie Mac (Government-sponsored enterprise), S7255, S7256 [24JY], S7454 [25JY], S7492, S7494 [26JY]

———protect property and security of homeowners facing foreclosure proceedings, S5804 [19JN]

———provide needed housing reform, S1217-S1220 [27FE], S1342, S1346-S1348, S1358-S1371, S1374-S1376 [28FE], S1393-S1398, S1401-S1409, S1413, S1416 [29FE], S1437-S1440, S1443-S1446 [3MR], S1549, S1550 [5MR], S1687 [6MR], S1728, S1735 [7MR], S2207, S2212, S2218 [31MR], S2254-S2263, S2266-S2275, S2277-S2284 [1AP], S2314-S2319, S2321-S2333, S2336 [2AP], S2367-S2371, S2375-S2396, S2400-S2424 [3AP], S2591-S2610 [4AP], S2619-S2625, S2628-S2632 [7AP], S2710, S2716-S2731, S2733-S2738 [8AP], S2780, S2782-S2790, S2792, S2794, S2797-S2811 [9AP], S2829, S2832, S2836-S2861 [10AP], S3932 [7MY], S5384 [9JN], S5772-S5776, S5781-S5788, S5790, S5791, S5796, S5814-S5819 [19JN], S5921, S5925-S5928 [20JN], S5949, S5952-S5954 [23JN], S5975-S5978, S5980-S5983, S6004, S6082 [24JN], S6101, S6105-S6108, S6112-S6114, S6137-S6143 [25JN], S6185, S6270, S6274 [26JN], S6354-S6356 [7JY], S6494 [9JY], S6512, S6516-S6521, S6524, S6540, S6543, S6547 [10JY], S6585, S6590-S6595 [11JY], S6646 [14JY], S6713 [15JY], S6884 [17JY], S7089, S7111, S7112, S7130, S7131 [23JY], S7217, S7223-S7226, S7248, S7255, S7256, S7268-S7270 [24JY], S7438, S7443, S7448-S7451, S7454, S7456, S7458, S7459, S7468, S7472 [25JY], S7489-S7496, S7498-S7506, S7511, S7513, S7518 [26JY], S7566 [28JY], S7620 [29JY], S7985, S7999 [1AU]

———reform the regulation of the housing-related Government-sponsored enterprises, S2737 [8AP], S7217 [24JY], S7438 [25JY], S7504 [26JY], S7566 [28JY]

———require second independent appraisals for homes which are resold within a certain time period, S2729 [8AP]

Investments: provide for the penalty-free use of retirement funds for mortgage delinquency relief, S2421 [3AP], S2599, S2600 [4AP], S2625 [7AP], S5952 [23JN], S5988 [24JN]

LIHEAP: funding, S5809 [19JN], S5976 [24JN]

NeighborWorks America (organization): foreclosure mitigation counseling services funding, S2422 [3AP], S2718, S2722 [8AP]

Office of Federal Housing Enterprise Oversight: improve regulation of appraisal standards for mortgages purchased or guaranteed by Government-sponsored enterprises, S5805, S5807 [19JN], S6140 [25JN]

Real estate: establish on behalf of consumers a fiduciary duty and other standards of care for mortgage brokers and originators and require assessment of borrowers ability to repay mortgages, S2272 [1AP]

———prohibit home equity conversion mortgage lenders from requiring seniors to purchase annuities with reverse mortgages proceeds and provide other consumer protections to reverse mortgage borrowers, S2417 [3AP]

Servicemembers Civil Relief Act: limit maximum interest rate per year for mortgages for servicemembers during military service and one year after service, S7471 [25JY]

Taxation: allow a credit against income tax for the purchase of a principal residence by a first-time homebuyer, S2419-S2421 [3AP], S2840 [10AP], S5811 [19JN]

———allow amended returns to take into account receipt of certain hurricane-related casualty loss grants by disallowing previous deductions and waive deadline on GO Zone property construction for bonus depreciation, S2391, S2413, S2415 [3AP], S2594 [4AP], S2794 [9AP], S7112 [23JY]

———allow certain companies to substitute alternative minimum tax and research and development tax credits in lieu of bonus depreciation deductions, S2404-S2407 [3AP], S2592 [4AP]

———allow homeowners to deduct mortgage interest points when refinancing home mortgages, S2730 [8AP]

———clarify the ``general public use'' requirements of the low-income housing credit, S7620 [29JY]

———delay implementation of merchant card transaction reporting requirements until cost of changes to businesses are identified, S5975 [24JN]

———extend renewable energy production tax credit and encourage all emerging renewable sources of electricity, S2597 [4AP], S2623, S2629-S2632 [7AP], S2720, S2733 [8AP], S2797, S2803 [9AP], S2837-S2839 [10AP]

———index for inflation the exclusion of capital gains from the sale of a principal residence, S2412, S2413, S2422, S2423 [3AP]

———mortgage revenue bond financing, S2378-S2380 [3AP]

———provide a credit for certain home purchases, S1362 [28FE], S2274 [1AP], S2319 [2AP], S2382 [3AP], S2717 [8AP]

———provide assistance for housing, S7501 [26JY]

———provide for the limited continuation of clean energy production incentives and incentives to improve energy efficiency, S2418 [3AP], S2595-S2598, S2600 [4AP], S2629-S2632 [7AP], S2720 [8AP], S2785, S2792, S2800-S2804, S2806 [9AP], S2832, S2837-S2839, S2841 [10AP], S5926, S5927 [20JN], S5976 [24JN], S6107, S6141 [25JN], S6185 [26JN]

———provide tax incentives for employers to offer group legal plans that provide a benefit for real estate and foreclosure review, S2602 [4AP], S2725, S2726 [8AP]

———treatment of interest for purposes of the foreign tax credit, S7500 [26JY]

Truth in Lending Act: enhance disclosure of the terms of home mortgage loans, S2804 [9AP]

U.S. Housing Act: exempt qualified public housing agencies from the requirement of preparing an annual public housing agency plan, S5800 [19JN]

Unemployment: provide for emergency unemployment compensation program, S2323, S2327 [2AP]

Reports filed

Consideration of Senate Amendment to H.R. 3221, Provisions: Committee on Rules (House) (H. Res. 1363) (H. Rept. 110-767), H6824 [22JY]

Consideration of Senate Amendments to H.R. 3221, Provisions: Committee on Rules (House) (H. Res. 1175) (H. Rept. 110-622), H3108 [6MY]

Rulings of the Chair

Enact (H.R. 3221), S5812 [19JN]

Statements

Housing-Related Government-Sponsored Enterprises Regulation Reform: Several Housing Organizations, H6993 [23JY]

Provide for the Limited Continuation of Clean Energy Production Tax Incentives and Incentives To Improve Energy Efficiency: Several Energy Organizations, S2801 [9AP]

Provisions: Executive Office of the President, H6850 [23JY]

Summaries

Provisions (H.R. 3221): Senate Amendments, H3138 [7MY]

Texts of

H. Res. 1175, consideration of Senate amendments to H.R. 3221, provisions, H3134 [7MY]

H. Res. 1363, considerataion of Senate amendment to H.R. 3221, provisions, H6840 [23JY]

H.R. 3221, provisions, S2844-S2859 [10AP], S3087-S3102 [16AP], H3204-H3219-H3282 [8MY], H6916-H6987 [23JY]