To amend section 255 of the National Housing Act to remove the limitation on the number of reverse mortgages that may be insured under the FHA mortgage insurance program for such mortgages.
(This measure has not been amended since it was introduced. The summary of that version is repeated here.)
Reverse Mortgages to Help America's Seniors Act - Amends the National Housing Act to remove the aggregate and insurance benefit limitations on the number of home equity conversion (reverse) mortgages for elderly homeowners that may be insured by the Federal Housing Administration (FHA).
Read twice and referred to the Committee on Banking, Housing, and Urban Affairs. (text of measure as introduced: CR S10122)
Introduced in House
Introduced in House
Referred to the House Committee on Financial Services.
Sponsor introductory remarks on measure. (CR H5082-5083)
Referred to the Subcommittee on Housing and Community Opportunity.
Mr. Fitzpatrick (PA) moved to suspend the rules and pass the bill.
Considered under suspension of the rules. (consideration: CR H11586-11588)
DEBATE - The House proceeded with forty minutes of debate on H.R. 2892.
Passed/agreed to in House: On motion to suspend the rules and pass the bill Agreed to by voice vote.(text: CR H11586)
On motion to suspend the rules and pass the bill Agreed to by voice vote. (text: CR H11586)
Motion to reconsider laid on the table Agreed to without objection.
Received in the Senate. Read the first time. Placed on Senate Legislative Calendar under Read the First Time.
Read the second time. Placed on Senate Legislative Calendar under General Orders. Calendar No. 351.
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