US Congress House Bill 2636 (Prior Session Legislation)

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Sponsorship: Slight Partisan Bill (Democrat 6-2)
Status: Introduced on July 25 2011 - 25% progression, died in committee
Action: 2011-08-22 - Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
Pending: House Subcommittee on Capital Markets and Government Sponsored Enterprises Committee
Text: Latest bill text (Introduced) [PDF]

Directs the federal banking agencies to jointly prescribe specified safety and soundness regulations, including minimum capital requirements for such institutions or affiliates. Permits extension of such a lease beyond five years if any federal or state law, including the Bank Holding Company Act of 1956, so permits. Applies this Act only to leases entered into during the three-year period beginning on the date of the enactment of this Act. Declares it is the intent of Congress that: (1) no permanent change in policy on leasing foreclosed property is being established with respect to depository institutions and depository institution holding companies, and (2) bank leasing of foreclosed property authorized under this Act should not apply to leases entered into after such three-year period. Authorizes a government-sponsored enterprise (the Federal National Mortgage Association [Fannie Mae] or the Federal Home Loan Mortgage Corporation [Freddie Mac]) to market for rental, before sale, any of its real estate owned properties and assets as the Federal Housing Finance Agency (FHFA) determines appropriate. Restricts lease agreements to five years.

Neighborhood Preservation Act of 2011

Rep. Gary Miller [R-CA]	Rep. Spencer Bachus [R-AL]	Rep. Steve Cohen [D-TN]	Rep. Barney Frank [D-MA]
Rep. Al Green [D-TX]	Rep. Ruben Hinojosa [D-TX]	Rep. Carolyn McCarthy [D-NY]	Rep. Melvin Watt [D-NC]

Date	Chamber	Action
2011-08-22	House	Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.
2011-08-22	House	Referred to the Subcommittee on Financial Institutions and Consumer Credit.
2011-07-25	House	Referred to the House Committee on Financial Services.

SB2080 (Related) 2012-02-09 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/house-bill/2636/all-info
Text	https://www.congress.gov/112/bills/hr2636/BILLS-112hr2636ih.pdf