Expressing the sense of the House of Representatives that the States should enact a temporary moratorium on residential mortgage foreclosures.

Expresses the sense of the House of Representatives that: (1) the President should declare a national residential mortgage foreclosure emergency and, through such declaration, encourage the states, by use of their police power, to enact a moratorium on residential mortgage foreclosures; and (2) the states should exercise such power and enact such a moratorium.