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The GSE Regulatory Reform Bill (H.R. 3221: Forclosure Prevention Act of 2008) was previously passed by the House of Representatives on July 23, 2008 and sent to the Senate for their approval. (See prior Appraisal Scoop article).

Today, the Senate also voted to approve the bill:

U.S. Senate Roll Call Votes 110th Congress - 2nd Session as compiled through Senate LIS by the Senate Bill Clerk under the direction of the Secretary of the Senate

Vote Summary (source)

Question: On the Motion (Motion to Concur in the House Amendment to Senate Amendment to the House Amendments to the Senate Amendment to HR 3221 )

Vote Number: 186 Vote Date: July 26, 2008, 11:00 AM
Required For Majority: 1/2 Vote Result: Motion Agreed to
Measure Number: H.R. 3221 (Foreclosure Prevention Act of 2008 )
Measure Title: A bill to provide needed housing reform and for other purposes.
Vote Counts: YEAs 72
NAYs 13
Not Voting 15

Hr_3221_foreclosure_prevention_act_

Homeowner rescue awaits President Bush's signature (BusinessWeek)
Congress approved mortgage relief for 400,000 struggling homeowners Saturday as part of an election-year housing plan that also aims to calm jittery financial markets and bolster the sagging economy. President Bush said he would sign it promptly, despite reservations.

Housing rescue bill heads to Bush for signature (BusinessWeek)
Congress passed a housing rescue bill Saturday aimed at sparing 400,000 struggling homeowners from foreclosure. President Bush is expected to sign the measure quickly.


Posted by Brian Davis on July 28th, 2008 8:46 AMPost a Comment (0)

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