HR 430
112th Congress
House
Housing and Community Development
Budget deficits and national debt
Housing and community development funding
Housing finance and home ownership
Public contracts and procurement
HAMP Repeal and Deficit Reduction Act of 2011
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 23, 2011
Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
Jan 25, 2011
Referred to the House Committee on Financial Services.
Jan 25, 2011
Introduced in House
Plain-English summary
HAMP Repeal and Deficit Reduction Act of 2011 - Prohibits the Secretary of the Treasury from providing any assistance on behalf of any homeowner under the Home Affordable Modification Program (HAMP) under the Making Home Affordable initiative, authorized under the Emergency Economic Stabilization Act of 2008, unless before the enactment of this Act the homeowner was extended an offer to participate in such Program on a trial or permanent basis.
Nullifies and terminates all contracts between the Secretary and mortgage servicers under HAMP, except with respect to such homeowners.
Provides for use of unobligated HAMP funds for reducing the federal debt.
What's happening now
Referred to the Subcommittee on Insurance, Housing and Community Opportunity.
Committees of jurisdiction
2
Cosponsors
1