Message on House action received in Senate and at desk:.
Congressional Research Service
Official summary
Version 36 · Passed House amended · Sep 16, 1997
TABLE OF CONTENTS: Title I: Senior Citizen Home Equity Protection Title II: Temporary Extension of Public Housing and Section 8 Rental Assistance Provisions Title III: Reauthorization of Federally Assisted Multifamily Rental Housing Provisions Title IV: Reauthorization of Rural Housing Programs Title V: Reauthorization of National Flood Insurance Program Housing Programs Extension Act of 1997 - Title I: Senior Citizen Home Equity Protection - Senior Citizen Home Equity Protection Act - Amends the National Housing Act with respect to home equity conversion mortgages to: (1) require full disclosure to the mortgagor of all mortgage costs, including estate planning, financial advice, or other related costs; and (2) provide for the Secretary (Secretary) of Housing and Urban Development (HUD) to impose restrictions to ensure that the mortgagor is not charged for such costs. (Sec. 103) Provides for implementation of such provisions by the Secretary. Title II: Temporary Extension of Public Housing and Section 8 Rental Assistance Provisions - Amends the Balanced Budget Downpayment Act, I to extend through FY 1998 provisions regarding public housing ceiling rents, the definition of income adjustments, and repeal of Federal preferences for assisted housing. (Sec. 202) Amends the Emergency Supplemental Appropriations for Additional Disaster Assistance, for Anti-terrorism Initiatives, for Assistance in the Recovery from the Tragedy that Occurred in Oklahoma City, and Recissions Act, 1995 to extend through FY 1998 the suspension of the public housing demolition and disposition one-for-one replacement requirement. (Sec. 203) Amends the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1996 to extend through FY 1998 provisions regarding use of public housing modernization funding for mixed income developments. (Sec. 204) Amends the Balanced Budget Downpayment Act, I to extend minimum rent provisions through FY 1998. (Sec. 205) Amends the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1996 to extend through FY 1998 suspension of certain provisions (take-one-take-all, notice of contract termination, and endless lease) of the section 8 rental assistance program. Amends the Balanced Budget Downpayment Act, I to extend fair market rental provisions through FY 1998. Title III: Reauthorization of Federally Assisted Multifamily Rental Housing Provisions - Amends the Housing and Community Development Act of 1992 to increase the number of units and extend through FY 1998 the risk-sharing and housing finance agency multifamily housing finance pilot programs. (Sec. 302) Amends the Departments of Veterans Affairs and Housing and Urban Development, and Independent Agencies Appropriations Act, 1997 to state that the Secretary's authority to manage and dispose of multifamily housing includes the provision of grants and loans from the General Insurance Fund. (Sec. 303) Amends the National Housing Act to: (1) extend multifamily mortgage auction authority through December 31, 2005; and (2) authorize the Secretary to continue to make interest reduction payments on up to $92,000,000 of transferred mortgage loans under the rental or cooperative housing for lower income families program. (Sec. 305) Amends the Housing and Community Development Amendments of 1978 to authorize the Secretary to provide for the assumption of all regulatory rights and responsibilities in connection with the sale of a HUD-held mortgage. Title IV: Reauthorization of Rural Housing Programs - Amends the Housing Act of 1949 to extend through FY 1999: (1) set-aside authority for targeted rural underserved areas and colonias, and for rural rental housing funds; (2) loan authority for housing and related facilities for elderly persons and families and other low-income persons and families; and (3) authorization of appropriations for multifamily rural rental housing loan guarantees. Title V: Reauthorization of National Flood Insurance Program - Amends the National Flood Insurance Act of 1968 to extend through FY 1999 flood insurance program authority, borrowing authority, and emergency implementation authority. Authorizes appropriations through FY 1999 for related studies.
Message on House action received in Senate and at desk:.
House agreed to Senate amendment to House amendments with amendment pursuant to H. Res. 329. (consideration: CR H10884-10886)
Resolving differences -- House actions: House agreed to Senate amendment to House amendments with amendment pursuant to H. Res. 329.(consideration: CR H10884-10886)
Message on House action received in Senate and at desk:.
Message on Senate action sent to the House.
Senate concurred in the House amendments with an amendment (SP 1630) by Unanimous Consent. (consideration: CR S12428-12430)
Resolving differences -- Senate actions: Senate concurred in the House amendments with an amendment (SP 1630) by Unanimous Consent.(consideration: CR S12428-12430)
Measure laid before Senate by unanimous consent.
Message on House action received in Senate and at desk: House amendments to Senate bill.
The title of the measure was amended. Agreed to without objection.
On motion to suspend the rules and pass the bill, as amended Agreed to by recorded vote (2/3 required): 422 - 1 (Roll No. 397).
Motion to reconsider laid on the table Agreed to without objection.
Passed/agreed to in House: On motion to suspend the rules and pass the bill, as amended Agreed to by recorded vote (2/3 required): 422 - 1 (Roll No. 397).
At the conclusion of debate, the chair put the question on the motion to suspend the rules. Mr. Condit objected to the vote on the grounds that a quorum was not present. Further proceedings on the motion were postponed. The point of no quorum was withdrawn.
Mr. Lazio asked unanimous consent that the motion to suspend the rules and pass the bill be modified to include an amendment striking out sections 301 and 302 of the bill, relating to the reauthorization of project-based contract renewal authority for federally assisted multifamily rental housing reauthorization and reauthorization of mortage restructuring demonstration projects for FHA-insured multifamily housing.
DEBATE - The House proceeded with forty minutes of debate.
Considered under suspension of the rules. (consideration: CR H7302-7309, H7323-7324)
Mr. Lazio moved to suspend the rules and pass the bill, as amended.
Referred to the Subcommittee on Housing and Community Opportunity.
Referred to the House Committee on Banking and Financial Services.
Message on Senate action sent to the House.
Received in the House.
Passed Senate without amendment by Voice Vote.
Passed/agreed to in Senate: Passed Senate without amendment by Voice Vote.
Senate Committee on Banking discharged by Unanimous Consent.
Measure laid before Senate. (consideration: CR S3712-3717)
Senate Committee on Banking discharged by Unanimous Consent.
Read twice and referred to the Committee on Banking.
Sponsor introductory remarks on measure. (CR S3057)
Introduced in Senate
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