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S 132 109th Congress Senate

Mortgage Insurance Fairness Act

Official title: A bill to amend the Internal Revenue Code of 1986 to allow a deduction for premiums on mortgage insurance.

Introduced: January 24, 2005 See on congress.gov
Taxation Economics and Public FinanceFederally-guaranteed loansFinance and Financial SectorGovernment Operations and Politics
More subjectsShow fewer subjects
Government insuranceGovernment paperworkHousing and Community DevelopmentIncome taxInsuranceInsurance premiumsInterestMortgage guaranty insuranceMortgagesTax deductionsTax returns
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This bill died when the 109th Congress ended
It never became law before the 109th Congress (2005–2006) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 24, 2005
Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S348)
Jan 24, 2005
Sponsor introductory remarks on measure. (CR S348)
Jan 24, 2005
Introduced in Senate
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 Latest action January 24, 2005

Read twice and referred to the Committee on Finance. (text of measure as introduced: CR S348)

 Plain-English summary Congressional Research Service

Mortgage Insurance Fairness Act - Amends the Internal Revenue Code to treat mortgage insurance premium payments as tax deductible interest. Phases out the deduction for taxpayers with adjusted gross incomes exceeding $100,000.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Democratic 1 Republican 1
R
Graham, Lindsey
South Carolina · Apr 6, 2005
 D
Cantwell, Maria
Washington · Feb 17, 2005
Cite this page click to expand
APA
U.S. Congress. (2026). S. 132: Mortgage Insurance Fairness Act. 109th Congress. Open America. https://openamerica.io/bill/109-S-132/
MLA
"S. 132: Mortgage Insurance Fairness Act." 109th Congress, 2026, Open America, https://openamerica.io/bill/109-S-132/.
Bluebook (legal)
S. 132, 109th Cong. (2026), https://openamerica.io/bill/109-S-132/.
Markdown link
[S. 132: Mortgage Insurance Fairness Act](https://openamerica.io/bill/109-S-132/)
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