HR 1764
111th Congress
House
Finance and Financial Sector
Bank accounts, deposits, capital
Financial crises and stabilization
Housing finance and home ownership
Helping Homeowners in Distressed Communities Act of 2009
Introduced: March 26, 2009
Introduced by:
Matsui, Doris O.
Democratic
· California
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 26, 2009
Referred to the House Committee on Financial Services.
Mar 26, 2009
Introduced in House
Plain-English summary
Helping Homeowners in Distressed Communities Act of 2009 - Amends the Emergency Economic Stabilization Act of 2008 (EESA) to prohibit the Secretary of the Treasury from using any amounts of homeowner assistance provided to or for any financial institution that are voluntarily returned to the Secretary. Permits the use of such amounts, however, to refinance and modify mortgages of homeowners in accordance with the Making Home Affordable Program established by the Secretary.
Limits the allocation of any such returned amounts to areas disproportionately affected by home mortgage foreclosures.
What's happening now
Referred to the House Committee on Financial Services.
Committees of jurisdiction
1