A bill to amend section 313 of the National Housing Act.
Latest action. Referred to Senate Committee on Banking, Housing and Urban Affairs.
Amends the National Housing Act to authorize the Secretary of Housing and Urban Development to direct the Federal National Mortgage Association, when specified economic conditions exist, to make commitments to purchase, and to purchase mortgages to promote the construction of multifamily rental housing. Eliminates the requirement that such a mortgage purchase involve an original principal obligation not to exceed a specified dollar amount limitation. Stipulates that, in the case of a one-to four-family dwelling, such mortgage may be purchased only if it involves a principal residence the sales price of which does not exceed 120 percent of the appropriate mortgage dollar amount limitation set forth in such Act, except that the Secretary may increase any such dollar amount limitation by an amount not to exceed 25 percent in any geographical area where he finds that cost levels require such action.
Written by analysts at the Congressional Research Service and published on Congress.gov, not by Civibrief. Summarized at the "Introduced in Senate" stage on December 20, 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 December 20, 1979: Referred to Senate Committee on Banking, Housing and Urban Affairs.
- Clearing the committees it was referred to, and being scheduled for a floor vote
- Passage by the Senate
- Passage by the House
- 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?
LOWELL WEICKER (R-CT) introduced it on December 20, 1979. No cosponsors are recorded.
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 December 20, 1979, 17066 days ago. The most recent recorded action was 17066 days ago, on December 20, 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
- SenateIn committee, no floor vote yet
- HouseAwaits Senate passage
- PresidentAwaits both chambers