Rental Housing Assistance Act of 1980
Latest action. Referred to House Committee on Banking, Finance and Urban Affairs.
Rental Housing Assistance Act of 1980 - Amends the National Housing and the United States Housing Acts of 1937 to improve Federal housing programs which provide mortgage insurance for multifamily rental housing. Eliminates condition on Government National Mortgage Association purchase of certain multifamily mortgages requiring that at least 20 percent of the units covered by such mortgage are receiving lower-income housing assistance. Authorizes the Secretary of Housing and Urban Development to conduct a study for the purpose of establishing a prototype construction cost system which could be used in determining the amount of a mortgage on a multifamily housing project which may be insured under the National Housing Act. Sets forth criteria for determining prototype construction costs. Requires the Secretary to submit a report to Congress containing the findings and conclusions of the study. Authorizes the Association to begin making commitments to purchase, and to purchase loans and advances of credit (and related purchase certificates and other related instruments). Permits the Association to finance improvements (other than solar energy systems and energy conservation improvements) or additions to a multifamily rental housing project. Authorizes and directs the Secretary of Treasury to purchase any obligations of the Association, and to use as a public debt transaction the proceeds from the sale of any securities under the Second Liberty Bond Act. Prohibits the application of State or local usury law or comparable law establishing interest rates or prohibiting or limiting the collection or amount of discount points or other charges in connection with loan transactions. Prohibits the application of State loan insurance laws to the Association's transactions. Authorizes the Secretary to enter into contracts for section 8 moderately rehabilitated projects which have a term of more than 180 months. Authorizes the Secretary to conduct a study for the purpose of determining the impact of Federal taxation on rental housing.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in House" stage on March 19, 1980. 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 March 19, 1980: Referred to House Committee on Banking, Finance and Urban Affairs.
- 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?
S. GREEN (R-NY) introduced it on March 19, 1980, and 19 members have since signed on as cosponsors.
They come from both major parties: 11 Democrats, 8 Republicans.
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 March 19, 1980, 16976 days ago. The most recent recorded action was 16976 days ago, on March 19, 1980.
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