Condominium-Cooperative Conversion Moratorium Act of 1979: For Tenant Protection and for the Preservation of Rental Housing
Latest action. Referred to House Committee on Ways and Means.
Condominium-Cooperative Conversion Moratorium Act of 1979: For Tenant Protection and for the Preservation of Rental Housing - Title I: Condominium-Cooperative Conversion Moratorium - Prohibits the use of federally related mortgage loans for condominium or cooperative conversions. Prohibits any Federal grant, loan, insurance, or other form of assistance from being utilized, directly or indirectly, with respect to condominium or cooperative conversions. Prohibits the use of any means or instruments of transportation or communication in interstate commerce or of the mails with respect to condominium or cooperative conversions and sets forth criminal penalties of not more than $50,000 in fines and/or not more than five years imprisonment for violations of such provisions. Specifies that the provisions of this title shall apply for three years following the date of enactment of this Act. Title II: Presidential Commission - Directs the President to establish a Commission on Problems Relating to Condominium-Cooperative Conversions which shall study the problems resulting from the conversion of residential rental units to units in condominium or cooperative projects. Requires the Commission to report its findings, conclusions, and recommendations concerning solutions to such problems to Congress. Title III: Assistance for Persons Displaced by Condominium-Cooperative Conversions and Restrictions on Community Development Block Grants - Prohibits any lender or Federal instrumentality, for three years after the date of enactment of this Act, from making a federally related loan, grant, insurance, or other form or assistance which is to be used, directly or indirectly, with respect to the conversion of residential rental units in a condominium or cooperative project, unless the person who is to carry out such conversions certifies to the lender that such person has entered into, or made an offer to enter into, a contract which obligates such person to pay such household for actual and reasonable moving expenses up to $400. Sets forth criminal penalties of not more than $50,000 in fines and/or not more than five years imprisonment for violations of such provisions. Amends the Housing and Community Development Act of 1974 to prohibit any unit of government from making any grants under this title unless the Secretary of Housing and Urban Development makes a determination that the unit of government does not permit the conversion of residential rental units for low- or moderate-income households to units for higher income persons in condominium or cooperative projects unless all the displaced persons are assured of obtaining decent, safe, and sanitary rental housing with rental charges similar to those units from which such persons are displaced. Title IV: Amendments of the Internal Revenue Code of 1954 - Amends the Internal Revenue Code to provide that the gain from conversion of residential rental property into condominium or cooperative housing shall be treated as gain which is ordinary income.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on September 5, 1979. It describes the bill, it is not the legal text.
Where is it in the process, and what happens next?
4 steps remain before this bill could become law.
The record's latest action, on September 5, 1979: Referred to House Committee on Ways and Means.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the House
- Passage by the Senate
- The President's signature. If the President vetoes it, two-thirds of both chambers must vote to override.
How likely is it to become law?
Civibrief does not forecast outcomes and this page has no opinion about this one. What the record supports is a base rate, which is a fact about the whole pile, not a prediction about this measure.
In the 96th Congress (1979-80), 613 of the 12,581 bills and joint resolutions introduced became law, about 4.9 percent. That count covers every measure at every stage, including the many that never left committee.
This one is not there yet: 4 steps are still outstanding, listed above.
Has anyone actually voted on it?
No. No roll call in this Congress cites this measure. That is the ordinary outcome: most measures never reach a recorded floor vote, and a committee ends most of them simply by not acting.
A vote is not the only thing that happens to a measure. Hearings, markups, and referrals are all recorded actions, and none of them is a vote of the full chamber.
Who is behind it?
BENJAMIN ROSENTHAL (D-NY) introduced it on September 5, 1979, and 13 members have since signed on as cosponsors.
They come from both major parties: 12 Democrats, 1 Republican.
Cosponsoring is a formal signature on the text. It is not a commitment to vote for the measure, it does not bind anyone's party, and a long list of cosponsors is a measure of attention rather than of prospects.
How long has it been in play?
It was introduced on September 5, 1979, 17172 days ago. The most recent recorded action was 17172 days ago, on September 5, 1979.
Measures do not carry over. Anything the 96th Congress has not finished by January 3, 1981 dies when the term ends, and has to be introduced again from the start in the next Congress.
Every answer above is assembled from this measure's own record on Congress.gov and from published counts of what Congress has passed before. Civibrief does not predict outcomes and takes no position on any measure.
Vote history
- HouseIn committee, no floor vote yet
- SenateAwaits House passage
- PresidentAwaits both chambers