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HR 6325 97th Congress House Labor and Employment Automobile industry Automobiles Bonds Construction industries Employee benefit plans Federally-assisted loans Finance and Financial Sector Housing and Housing Finance Housing finance Interest Investments Mortgages Motor Vehicles and Driving

Housing and Automobile Industries Recovery Act of 1982

Introduced: May 6, 1982 See on congress.gov
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 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
 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.

What's happening now May 28, 1982

Referred to Subcommittee on Labor-Management Relations.

 Committees of jurisdiction 5
 Cosponsors 3
All 3 Democratic 2 Republican 1