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HR 6397 112th Congress House Housing and Community Development Government corporations and government-sponsored enterprises Government lending and loan guarantees Housing finance and home ownership Property rights State and local government operations Veterans' loans, housing, homeless programs

Defending American Taxpayers From Abusive Government Takings Act of 2012

Introduced: September 13, 2012 See on congress.gov
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 Everywhere this bill has been 4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 1, 2012
Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Sep 21, 2012
Referred to the Subcommittee on Economic Opportunity.
Sep 13, 2012
Referred to the Committee on Financial Services, and in addition to the Committee on Veterans' Affairs, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
Sep 13, 2012
Introduced in House
 Plain-English summary Congressional Research Service

Defending American Taxpayers From Abusive Government Takings Act of 2012 - Amends the Federal National Mortgage Association Charter Act to prohibit the Federal National Mortgage Association (Fannie Mae) from purchasing any mortgage secured by a structure or dwelling unit located within a county that contains any structure or dwelling unit that secures or secured a residential mortgage loan that the state or any territory, including any agency or political subdivision, obtained during the preceding 120 months by eminent domain.

Amends the Federal Home Loan Mortgage Corporation Act to prohibit the Federal Home Loan Mortgage Corporation (Freddie Mac) from doing the same.

Amends the National Housing Act to prohibit the Secretary of Housing and Urban Development (HUD) from newly insuring any mortgage secured by a structure or dwelling unit located in such a county.

Prohibits the Secretary from guaranteeing, making, or insuring a housing or small business loan for a residence located in such a county.

What's happening now October 1, 2012

Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

 Committees of jurisdiction 4
 Cosponsors 2
All 2 Republican 2