US Congress Senate Bill 469 (Prior Session Legislation)

---

Spectrum: Partisan Bill (Democrat 2-0)
Status: Introduced on March 6 2013 - 25% progression, died in chamber
Action: 2013-06-18 - Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 113-61.
Text: Latest bill text (Introduced) [PDF]

Amends the National Housing Act to require that, to be eligible for insurance under the Home Equity Conversion Mortgage program for elderly homeowners, a mortgage contain terms and provisions with respect to property maintenance as well as for establishing escrow accounts, performing financial assessments, or limiting the amount of any payment made available under the mortgage. Authorizes the Secretary of Housing and Urban Development (HUD) to establish any additional or alternative requirements necessary to more effectively carry out such Act.

A bill to assist the Secretary of Housing and Urban Development in stabilizing the Home Equity Conversion Mortgage program.

Sen. Robert Menendez [D-NJ]

Sen. Kirsten Gillibrand [D-NY]

Date	Chamber	Action
2013-06-18	Senate	Committee on Banking, Housing, and Urban Affairs Subcommittee on Housing, Transportation, and Community Development. Hearings held. With printed Hearing: S.Hrg. 113-61.
2013-03-06	Senate	Read twice and referred to the Committee on Banking, Housing, and Urban Affairs.

HB1256 (Related) 2013-06-13 - Received in the Senate and Read twice and referred to the Committee on Agriculture, Nutrition, and Forestry.
SB1376 (Related) 2013-12-19 - Placed on Senate Legislative Calendar under General Orders. Calendar No. 275.

Type	Source
Summary	https://www.congress.gov/bill/113th-congress/senate-bill/469/all-info
Text	https://www.congress.gov/113/bills/s469/BILLS-113s469is.pdf