US Congress Senate Bill 2080 (Prior Session Legislation)

---

Sponsorship: Partisan Bill (Republican 1)
Status: Introduced on February 9 2012 - 25% progression, died in committee
Action: 2012-02-09 - Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
Pending: Senate Banking, Housing, And Urban Affairs Committee
Text: Latest bill text (Introduced) [PDF]

Preempts any federal or state law that would: (1) restrict the time during which a depository institution or its affiliate may hold or lease property, or (2) prohibit a depository institution or its affiliate from leasing property. Directs the federal banking agencies to prescribe specified joint 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.

Keeping Families in their Home Act of 2012

Sen. Dean Heller [R-NV]

Date	Chamber	Action
2012-02-09	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.
2012-02-09	Senate	Sponsor introductory remarks on measure. (CR S496-497)

HB2636 (Related) 2011-08-22 - Referred to the Subcommittee on Capital Markets and Government Sponsored Enterprises.

Type	Source
Summary	https://www.congress.gov/bill/112th-congress/senate-bill/2080/all-info
Text	https://www.congress.gov/112/bills/s2080/BILLS-112s2080is.pdf