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HR 6325 97th Congress House

Housing and Automobile Industries Recovery Act of 1982

Official title: A bill to provide a temporary exemption from certain provisions of the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1954 re… Show full official titleShow less

Official title: A bill to provide a temporary exemption from certain provisions of the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code of 1954 relating to prohibited transactions for the purchase of certain bonds sold to fund residential mortgages and domestic motor vehicle loans and to provide for interest reduction payments by the Secretary of Housing and Urban Development to assist with the financing of the purchase of certain residential dwellings and domestic motor vehicles.

Introduced: May 21, 1982 See on congress.gov
Labor and Employment Automobile industryAutomobilesBondsConstruction industries
More subjectsShow fewer subjects
Employee benefit plansFederally-assisted loansFinance and Financial SectorHousing and Housing FinanceHousing financeInterestInvestmentsMortgagesMotor Vehicles and Driving
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This bill died when the 97th Congress ended
It never became law before the 97th Congress (1981–1982) 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 6 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
May 28, 1982
Referred to Subcommittee on Labor-Management Relations.
May 17, 1982
Referred to Subcommittee on Housing and Community Development.
May 6, 1982
Referred to House Committee on Ways and Means.
May 6, 1982
Referred to House Committee on Education and Labor.
May 6, 1982
Referred to House Committee on Banking, Finance and Urban Affairs.
May 6, 1982
Introduced in House
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 Latest action May 28, 1982

Referred to Subcommittee on Labor-Management Relations.

 Plain-English summary Congressional Research Service

Housing and Automobile Industries Recovery Act of 1982 - Title I: Exemption for the Purchase of Certain Bonds by Employee Pension Benefit Plans - Provides a temporary exemption from certain provisions of the Employee Retirement Income Security Act of 1974 and the Internal Revenue Code relating to prohibited transactions for the purchase of certain bonds sold to fund residential mortgages and domestic motor vehicle loans.

Title II: Interest Reduction Payments - Provides for interest reduction payments by the Secretary of Housing and Urban Development to assist with the financing of the purchase of certain residences and domestic motor vehicles. Sets forth: (1) requirements and restrictions for eligible loans and mortgages; and (2) guidelines for the allocation of such payments.

Authorizes appropriations for FY 1982 through 1988 to carry out this title.

Prohibits the Secretary from making any commitments to make interest reduction payments under this title after August 31, 1983.

 Related & companion bills 1
  • HR 6443 Identical bill Housing and Automobile Industries Recovery Act of 1982
 Committees of jurisdiction 5
 Cosponsors 3
All 3 Democratic 2 Republican 1
D
Schumer, Charles E.
New York · Jul 21, 1982
 R
Rogers, Harold
Kentucky · May 24, 1982
 D
Markey, Edward J.
Massachusetts · May 21, 1982
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 6325: Housing and Automobile Industries Recovery Act of 1982. 97th Congress. Open America. https://openamerica.io/bill/97-HR-6325/
MLA
"H.R. 6325: Housing and Automobile Industries Recovery Act of 1982." 97th Congress, 2026, Open America, https://openamerica.io/bill/97-HR-6325/.
Bluebook (legal)
H.R. 6325, 97th Cong. (2026), https://openamerica.io/bill/97-HR-6325/.
Markdown link
[H.R. 6325: Housing and Automobile Industries Recovery Act of 1982](https://openamerica.io/bill/97-HR-6325/)
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