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HR 5510 - Aiding Those Facing Foreclosure Act - National Key Vote

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Title: Aiding Those Facing Foreclosure Act

Vote Smart's Synopsis:

Vote to pass a bill that authorizes funds available under the Troubled Assets Relief Program to be used to assist homeowners in risk of foreclosure.

Highlights:

  • Authorizes the use of funds under the Troubled Assets Relief Program to provide legal assistance for homeowners that are in or are in danger of mortgage default, delinquency, or foreclosure, provided that such funds are not already committed to other purposes (Sec. 2).
  • Specifies that the bill does not authorize the use of funds for assisting with arrangement of legal representation for civil litigation purposes that are not directly related to the homeowner's foreclosure or mortgage default or delinquency (Sec. 2).

NOTE: THIS VOTE WAS TAKEN UNDER A SUSPENSION OF THE RULES TO CUT OFF DEBATE EARLY AND VOTE TO PASS THE BILL, THEREBY REQUIRING A TWO-THIRDS MAJORITY FOR PASSAGE.

Full Bill Text

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