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: | |||
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 |
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.
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